1488                                 LAWS OF MARYLAND                               Ch. 475

any income derived therefrom, from all State, county,
municipal, and other taxation in the State of Maryland;
relating generally to the issuance and sale of such
bonds.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used herein, the term "County" means the"
body politic and corporate of the State of Maryland known as
the County Commissioners of St. Mary's County; the term
"hospital improvements" means the cost of planning,
expansion, reconstruction, rehabilitation, renovation, and
improvement facilities of St. Mary's Hospital of St. Mary's
County, including the construction of new hospital buildings
and other facilities necessary or useful for the effective
or orderly operation of the Hospital, including without
limitation parking facilities, means of access and utility
services, the acquisition of land, structures, properties,
real or personal, rights, rights-of-way, easements and other
interests, for such facilities, the alteration, renovation
or repair of existing facilities, the furnishing and
equipping of new or existing facilities, demolition, removal
and relocation of existing structures, financing charges,
interest prior to and during construction and, if deemed
necessary by the County, for a limited period after
completion of construction, interest and reserves for
principal and interest and for extensions, enlargements,
additions and improvements, architectural, engineering,
financial, legal and other professional services, plans,
specifications, studies, surveys, estimates of costs and of
revenues, administrative expenses necessary or incident to
determining the feasibility or practicability of the project
and such other expenses as may be necessary or incident to
the construction and acquisition of the improvements, the"
financing or refinancing of such construction and
acquisition and placing the improvements in operation; and
the term "Hospital" shall mean St. Mary's Hospital of St.
Mary's County and any successors or assignee thereof.

SECTION 2. AND BE IT FURTHER ENACTED, That the County
is hereby authorized and empowered to assist the Hospital in
financing hospital improvements, 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 Twelve Million Dollars
($12,000,000), 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.

SECTION 3. AMD BE IT FURTHER ENACTED, That the bonds
shall be issued pursuant to a resolution of the County which
shall describe generally the hospital improvements for which
the proceeds of the bond sale are intended and the amount