BLAIR LEE III, Acting Governor

1547

such issue and sale shall be in accordance with the
provisions of Sections 8 to 18, inclusive, of Article 31 of
the Annotated Code of Maryland (1957 Edition, as
supplemented).

SECTION 3. AND BE IT FURTHER ENACTED, That for the
purpose of paying the interest on the bonds, and for
redeeming the same as they mature and become payable, the
County Commissioners of Caroline County shall levy annually
a tax upon the assessable property in Caroline County
sufficient to pay the annual interest on the bonds and to
redeem the same as they become due, until all of said bonds
shall nature and be redeemed. The taxes so levied shall be
collected in the same manner as other taxes are levied and
collected in the County.

SECTION 4. AND BE IT FURTHER ENACTED, That out of the
actual cash proceeds from the sale of any of the bonds shall
be paid first the cost of printing and other outlays and
expenses and charges connected with the issue of the same,
and the entire balance of the actual cash proceeds, together
with any interest that may be received on the same, shall be
retained by the County Treasurer of Caroline County until
needed for the purposes specified as in this Act.

SECTION 5. AND BE IT FURTHER ENACTED, That in the
event that any of the persons designated to sign said bonds
be unable for any reason to do so the County Commissioners
shall by resolution authorize the execution thereof by some
other member or officer, and such execution shall be valid
and sufficient for all purposes as if the bonds had been
executed by the person or persons originally designated
herein. Should any person signing said bonds die or become
incapacitated, or should he cease to be an officer or a
commissioner, before the delivery of the bonds, such
signature shall nevertheless be valid and sufficient for all
purposes and shall be equally effective to bind the County
Commissioners of Caroline County as if delivery had been
made before such death, incapacity, or expiration, or other
termination of the term of office.

SECTION 6. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1978.

Approved May 2, 1978.

CHAPTER 417
(House Bill 2175)
AN ACT concerning

Transportation Trust Fund