BLAIR LEE III, Acting Governor                        2739

of issue of the bonds.

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

Approved May 29, 1978.

CHAPTER 940

(House Bill 1528)

AN ACT concerning

Cecil County — Bonds for County Sheriff's Office and Jail

FOR the purpose of authorizing and empowering the County
Commissioners of Cecil County to borrow not exceeding
One Million Two Hundred Fifty Thousand Dollars
($1,250,000) in order to finance the construction,
reconstruction, extension, acquisition, improvement,
enlargement, alteration, repair and modernization of
certain public facilities as herein defined, and to
effect such borrowing by the issuance and sale to the
highest bidder or bidders at public sale or, at the
discretion of the County, private sale of its general
obligation, serial maturity bonds in like par amount;
empowering the County to fix and determine, by
resolution, the form, tenor, interest rate or method of
arriving at the same, terms, including redemption and
registration provisions, conditions, maturities and all
ether details incident or necessary to the issuance,
sale and delivery of the bonds, without reference to
the provisions of Sections 9, 10 and 11 of Article 31
of the Annotated Code of Maryland (1976 Replacement
Volume); prescribing the method and manner of selling
the bends at public or private sale; empowering the
County to sell the bonds at or above the par value
thereof; empowering the County to apply to the payment
of principal and interest of the bonds any funds
received from the State of Maryland, the United States
of America or any other source which may be properly
allocable to said purpose; empowering and directing the
County to contract to levy and to levy, impose and
collect annually ad valorem taxes which, in addition to
State and Federal allotments, if any, will provide
funds sufficient to the payment of the maturing
principal and interest; exempting the bonds and the
interest thereon from all State, county and municipal
taxation in the State of Maryland; providing that the
power to incur indebtedness and issue bonds therefor
under the provisions of this Act is additional and
alternative authority for borrowing money and shall be
regarded as supplemental and additional to powers
conferred upon the County by other laws.