BLAIR LEE III, Acting Governor                        2627

Chapter 138 of the Acts of the General Assembly of 1977
Section 1

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Chapter(s) 138 of the Acts of the General
Assembly be repealed, amended, or enacted to read as
follows:

Chapter 138 of the Acts of 1977

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the County Commissioners of Caroline County
be and they are authorized and empowered to borrow at one
time or from time to time, upon the full faith and credit of
Caroline County, and to issue and sell at one time or from
time to time its bonds therefor, a sum or sums of money not
to exceed [$250,000] $400,000 at a net average interest rate
not in excess of 6 percent per annum for the bonds issued
and sold at any one time for the purposes of renovating,
rehabilitating , extending, acquiring, improving, enlarging,

altering, repairing, and equipping the county jail, in

Caroline County, and the doing of those things that are

necessary or appropriate to accomplish the objects and

purposes of the project, including as to each architects and
other professional fees in connection therewith. The money
raised by the bond issue authorized by this Act shall be
expended for the above purposes and shall be allotted among
such purposes as the County Commissioners of Caroline County
may provide. Such bonds shall be designated, shall be of
such denomination or denominations and of such type or form,
and shall be of such periods of maturity, not exceeding 25
years, all as the County Commissioners of Caroline County
may by resolution provide, provided, however, that the first
maturity shall be within five years of the date of such
bonds, and the proceeds of such sale or sales shall be spent
in accordance with the provisions hereof. The borrowing and
every bond, coupon or other evidence thereof, and the
interest payable thereon, shall be and remain exempt from
taxation by the State of Maryland and by the counties and
municipalities of the State.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1978.

Approved May 29, 1978.

CHAPTER 899
(House Bill 803)
AN ACT concerning