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Session Laws, 1981
Volume 741, Page 2316   View pdf image
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2316

LAWS OF MARYLAND

Ch. 571

shall by resolution authorize the execution thereof by some
other member or officer, and such execution shall be valid
and sufficient for all purposes as if the bonds had been
executed by the person or persons originally designated.

Should any person signing the bonds die or become

incapacitated, or should he cease to be an officer or a

commissioner, before the delivery of the bonds, his

signature shall nevertheless be valid and sufficient for all
purposes and shall be equally effective to bind the County
Commissioners of Charles County as if delivery had been made
before his death or incapacity or the expiration or other
termination of his term of office., 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
Charles County; the term "Board" means the Board of County
Commissioners of Charles County, the governing body of the
County; the term "public facilities" means the acquisition
and construction of a building to serve as central office
space and a warehouse for the Charles County Board of
Education, including without limitation parking facilities,
means of access and utility services, the acquisition of
land, structures, real or personal property, rights,
rights-of-way, easements and other interests for such public
facilities, the furnishing and equipping of the public
facilities, 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 cost and of revenues, administrative expenses necessary
or incident to determining the feasibility or practicability
of the public facilities and such other expenses as may be
necessary or incident to the acquisition and construction of
the public facilities, the financing or refinancing of such
acquisition and construction and placing the public
facilities in operation.

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 to
borrow money and incur indebtedness for that purpose, at one
time or from time to time, in a principal amount not
exceeding, in the aggregate, $5,100,000, and to evidence
such borrowing by the issuance and sale upon its full faith
and credit of its 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 Board which
shall describe generally the public facilities for which the
proceeds of the bond sale are intended and the amount needed
for such purpose. The County shall have and is hereby
granted full and complete authority and discretion in the

 

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Session Laws, 1981
Volume 741, Page 2316   View pdf image
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