2740                                       LAWS OF MARYLAND                                Ch. 940

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That as used herein, the term "County" shall mean
the body politic and corporate of the State of Maryland
known as the County Commissioners of Cecil County, and the
term "public facilities" shall mean the construction,
reconstruction, extension, acquisition, improvement,
enlargement, alteration, repair and modernization of any
structure or structures in Cecil County to house (i) a Cecil
County Sheriff's Office and (ii) a jail or (iii) any
combination of the foregoing (i) and (ii) , including the
acquisition and development of sites therefor, the
architectural and engineering services incident thereto and
the acquisition and installation of all customary permanent
appurtenances, furnishings and equipment therefor.

SECTION 2. AND BE IT FURTHER ENACTED, That the County
is hereby authorized and empowered to finance the public
facilities as defined in Section 1 of this Act and, in order
to make such financing possible, the County is hereby
granted the power and authority to borrow money and incur
indebtedness for such purposes, from time to time, in an
amount not exceeding the sum of One Million Two Hundred
Fifty Thousand Dollars ($1,250,000) and to evidence such
borrowing and indebtedness by the issuance and sale upon its
full faith and credit of its general obligation, serial
maturity bonds in like par amount, upon the terms and
conditions set forth in this Act. Such bonds may be issued
from time to time, in one or more groups or series, as funds
for the public facilities become necessary.

SECTION 3. AND BE IT FURTHER ENACTED, That subject to
the foregoing limitations, the County shall, before
borrowing any money or issuing any bonds pursuant to the
authority of this Act, adopt a resolution describing the
public facilities for which the borrowing and indebtedness
is intended, stating the amount needed for such purposes in
the aggregate, and determining to borrow money and incur
indebtedness for all or part of the amount so needed, and to
issue its bonds to evidence such borrowing and indebtedness.
Each series or group of bonds shall be issued to mature in
annual serial installments, the last installment to mature
not later than thirty (30) years from the date of issue of
the group or series. In the resolution, the County shall
fix the annual serial maturity plan with respect to the
bonds to be issued thereunder and the annual serial
maturities shall be so fixed as to conform to the general
financial plans of the County but need not be in equal par
amounts or in consecutive annual installments. Subject to
the limitations herein contained, the County shall have and
is hereby granted full and complete authority and discretion
to fix and determine, by resolution, the form and tenor of
the bonds, the rate or rates of interest payable thereon, or
the method of arriving at the same, the date or dates upon
which the bonds shall respectively mature and be payable.