2644

LAWS OF MARYLAND

Ch. 705

to issue refunding bonds for the purchase or redemption
of bonds in advance of maturity; empowering and
directing the County to levy, impose and collect,
annually, ad valorem taxes in rate and amount
sufficient to provide funds for the payment of the
maturing principal of and interest on the bonds;
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; and 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, and the term
"construction, improvement or development of public
facilities" includes the following:

(a)  Construction, acquisition, improvement,
rehabilitation, repair, and furnishing and equipping of
public school buildings, sites, and grounds; and

(b)  Highway and bridge construction, reconstruction
and surfacing together with any planning, architectural and
engineering services related to the foregoing public
facilities; and

(c)  Construction of storm water drainage facilities;
together with any planning, architectural and engineering
services related to the foregoing public facilities; and

(d)  Construction, improvement, rehabilitation, repair
and furnishing and equipping of a detention facility, site
and grounds; and

(e)  Construction, acquisition, improvement, of airport
facilities and grounds; and

(f)  Construction of new buildings, additions to,
improvements of existing county-owned buildings and
facilities and acquisition of equipment therefor.

SECTION 2. AND BE IT FURTHER ENACTED, That the County
is hereby authorized and empowered to finance the
construction, improvement or development of 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 an amount not exceeding, in
the aggregate, Ten Million Dollars ($10,000,000), 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.