838

LAWS OF MARYLAND

Ch. 99

FOR the purpose of authorizing the County Commissioners of
Caroline County, from time to time, to borrow not more
than $250,000 through the public or private sale of its
general obligation bonds in order to finance the costs
of development of solid waste facilities, as defined in
this Act, and providing the conditions for
determination of the form, tenor, interest rates,
terms, conditions, maturities, and all other details
incident to the issuance, sale, delivery, and payment
of the bonds and refunding bonds, and appropriation of
the proceeds of sale; directing the County annually to
levy, impose, and collect ad valorem taxes in rate and
amount sufficient to provide for payment of debt
service; and exempting the bonds and refunding bonds,
and the interest thereon and any income derived
therefrom, from all State, county, municipal, and other
taxation in the State of Maryland.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used in this Act, the term "County" means
the body politic and corporate of the State of Maryland
known as the County Commissioners of Caroline County, and
the term "solid waste facilities" means the costs of
alteration, enlargement, extension, expansion, improvement,
construction, and reconstruction of solid waste collection
and disposal facilities in Caroline County, including the
costs of acquisition and development of property rights,
acquisition, and installation of equipment, and any related
architectural, financial, legal, planning, and engineering
services.

SECTION 2. AND BE IT FURTHER ENACTED, That the County
is authorized to finance the development of solid waste
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, $250,000, and to evidence that 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. AND BE IT FURTHER ENACTED, That the bonds
shall be issued pursuant to a resolution of the County which
shall describe generally the solid waste facilities for
which the proceeds of the bond sale are intended and the
amount needed for those purposes. The County shall have
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, terms of replacement, and tenor of the bonds;
the terms of prior redemption, if any; the rate or rates of
interest payable thereon, or the method of determining the