HARRY HUGHES, Governor

1487

specified in Section 1 hereof. The payments for the

aforesaid purposes, and for no other purposes, shall be made
from time to time by the County Commissioners to the St.

Mary's Hospital, Inc. The County Commissioners may not

issue any such order except upon written notification from
the St. Mary's Hospital, Inc. that in its best judgment and
discretion an expenditure for any of the aforesaid purposes

is necessary, such notification setting forth the

approximate amount of each expenditure and the specific use

to be made of it. The St. Mary's Hospital, Inc. shall

receive and expend the money so paid to it only for the
purposes authorized by Section 1 hereof, and the Hospital

shall account for the money so paid to it and the

expenditures thereof in the same manner as it accounts for
other moneys passing through its hands.

SECTION 5. AND BE IT FURTHER ENACTED, That for the

purpose of paying the maturing principal of and interest on
any bonds issued pursuant to the authority of this Act, and
for the purpose of redeeming the bonds prior to their
respective maturities, the County Commissioners of St.
Mary's County shall levy annually upon all property within
the corporate limits of the County, assessable for unlimited
taxation, ad valorem taxes in rate and amount sufficient to
provide for said purposes. In the event any such issue of
bonds are sold as term bonds, payable all at one time, the
County Commissioners of St. Mary's County shall, by the
resolution authorizing the bonds, establish a sinking fund
and thereafter the County shall annually levy the ad valorem
taxes above prescribed in rate and amount sufficient to pay
the interest on the bonds, due in each year, and sufficient
to pay into such sinking fund or increments thereon, will be
sufficient to provide for the payment in full of the
principal of the term bonds at maturity.

in order to assist in financing the planning, expansion,
reconstruction, rehabilitation, renovation, . an4
improvement of the facilities of St. Mary's Hospital of
St. Mary's County, and to effect such borrowing by the
issuance and sale at public or private sale of its
general obligation bonds in like par amount; empowering
the County to fix and determine, by resolution, the
form, tenor, interest rate or rates, or method of
determining the same, terms, conditions, maturities and
all other details incident to the issuance and sale of
the bonds; empowering the County to issue refunding
bonds for the purchase or redemption of bonds in
advance of maturity; empowering and directing the
County to enter into an agreement with the Hospital for
payment of the debt service requirements of the bonds
from revenues of the Hospital and further to levy,
Impose and collect, annually, ad valorem taxes in rate
and amount sufficient to provide funds that may
otherwise be necessary for the payment of the maturing
principal of and interest on the bonds; exempting the
bonds and refunding bonds, and the interest thereon and