HARRY HUGHES, Governor                               2319

such conditions and after receiving such indemnity as the
County may require.

SECTION 7. AND BE IT FURTHER ENACTED, That any and all
obligations issued pursuant to the authority of this Act
shall be deemed to be negotiable instruments and shall have
and possess all the attributes of negotiable instruments
under the laws of the State of Maryland. Any and all
obligations issued pursuant to the authority of this Act,
their transfer, the interest payable thereon and any income
derived therefrom (including any profit made in the sale
thereof) shall be and are hereby declared to be at all times
exempt from Stage, county, municipal, or other taxation of
every kind and nature whatsoever within the State of
Maryland.

SECTION 8. AND BE IT FURTHER ENACTED, That the
authority to borrow money and issue bonds conferred on the
County by this Act shall be deemed to provide an additional
and alternative authority for borrowing money and shall be
regarded as supplemental and additional to powers conferred
upon the County by other laws and shall not be regarded as
in derogation of any power now existing; and all Acts of the
General Assembly of Maryland heretofore passed authorizing
the County to borrow money are hereby continued to the
extent that the powers contained in such Acts have not
heretofore been exercised, and nothing herein contained
shall be construed to impair, in any way whatsoever, the
validity of any bonds which may have been issued by the
County under the authority of any of such Acts, and the
validity of such bonds is hereby ratified, confirmed, and
approved. This Act, being necessary for the welfare of the
inhabitants of Charles County, shall be liberally construed
to effect the purposes hereof. All Acts and parts of Acts
inconsistent with the provisions of this Act are hereby
repealed to the extent of such inconsistency.

SECTION 6 9. AND BE IT FURTHER ENACTED, That this
Act shall take effect June 1, 1981.

Approved May 19, 1981.

CHAPTER 572

(Senate Bill 819)

AN ACT concerning

Charles County - Scholarships for Nurses and
Technicians

FOR the purpose of eliminating the categories under which
the County Commissioners of Charles County may grant a