HARRY HUGHES, Governor

661

of the North Dorchester High School, including the cost of
development of property rights, acquisition and installation
of furnishings and equipment, and any related financial,
planning, architectural or engineering services.

SECTION 2. AND BE IT FURTHER ENACTED, That the County
is hereby authorized and empowered to finance the
construction, improvement, or development of school
facilities, as defined in Section 1 of this Act, and to
borrow money and incur indebtedness for that purpose, at one
time or from time to time, in an amount not exceeding, in
the aggregate, Seven Hundred Fifty Thousand Dollars
($750,000), and to evidence such borrowing by the issuance
and sale upon its full faith and credit of general
obligation bonds in like par amount, which may be issued at
one time or from time to time, in one or more groups or
series, as the County may determine. Of the total amount
authorized to be borrowed hereunder, the sum of Seven
Hundred Thirty Thousand Dollars ($730,000) shall be
allocated to finance the construction, improvement, or
development of school facilities, as defined in Section 1 of
this Act, and the sum of Twenty Thousand Dollars ($20,000)
shall be allocated to finance the costs of issuance, sale,
and delivery of the bonds, including legal fees, fees of
financial advisors, costs of printing the bonds, and all
other reasonably related expenses.

SECTION 3. AND BE IT FURTHER ENACTED, That the bonds
shall be issued pursuant to a resolution of the County which
shall describe generally the school facilities for which the
proceeds of the bond sale are intended and the amount needed
for those purposes. The County shall have and is hereby
granted full and complete authority and discretion in the
resolution to fix and determine with respect to the bonds of
any issue: the designation, date of issue, denomination or
denominations, form or forms and tenor of the bonds; the
rate or rates of interest payable thereon, or the method of
determining the same; the date or dates and amount or
amounts of maturity, which need not be in equal par amounts
or in consecutive annual installments, provided only that no
bond of any issue shall mature later than twenty-five (25)
years from the date of its issue; the manner of selling the
bonds, which may be at either public or private sale, for
such price or prices as may be determined to be for the best
interests of the County; the manner of executing and sealing
the bonds, which may be by facsimile; the place or places of
payment of the principal of and the interest on the bonds,
which may be at any bank or trust company within or without
the State of Maryland; and generally all matters incident to
the terms, conditions, issuance, sale and delivery thereof.

The bonds may be made redeemable before maturity, at
the option of the County, at such price or prices and under
such terms and conditions as may be fixed by the County
prior to the issuance of the bonds, either in the resolution