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1451
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HARRY HUGHES, Governor
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FOR the purpose of authorizing and empowering County
Commissioners of Frederick County, at one time or from time
to time, to borrow in an amount not exceeding in the
aggregate thirty million dollars ($30,000,000) in order to
finance the construction of additions and improvements to
buildings and facilities of Frederick Memorial Hospital in
Frederick County, as herein defined, and to effect such
borrowing by the issuance and sale to the highest bidder or
bidders at private or public sale of its general obligation
bonds in like principal amount; empowering said County to
fix and determine, by resolution, the form, tenor,
maturities, interest rates or method of arriving at the
same, and all other terms and conditions, including
redemption and registration provisions, incident or
necessary to the issuance, public sale and delivery of said
bonds, without reference to the provisions of Sections 9,
10, and 11 of Article 31 of the Annotated Code of Maryland
(1976 Replacement Volume); providing for notice and
prescribing the manner of publishing said notice in the
event said bonds are sold at public sale; empowering said
County, subject to certain limitations, to sell said bonds
at, above or below the par value thereof; empowering said
County to issue refunding bonds for the purchase or
redemption of bonds at or in advance of maturity; empowering
and directing said County to apply to the payment of
principal and interest of said bonds and said refunding
bonds any funds received from the State of Maryland and the
United States of America, which may be properly allocable to
said purposes; empowering said County to enter into an
agreement with Frederick Memorial Hospital, Inc. for payment
of the debt service requirements of the bonds from revenues
of Frederick Memorial Hospital and to contract to levy and
to levy, impose and collect annually ad valorem taxes which,
in addition to available State and Federal revenues, if any,
and revenues from Frederick Memorial Hospital, Inc., will
provide funds sufficient for the payment of the maturing
principal of and interest on said bonds; exempting said
bonds and said refunding bonds and the interest thereon and
any income derived therefrom, from all State, County, and
municipal taxation in the State of Maryland; and providing
for related matters.
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SECTION 1. BE IT ENACTED BY THE' GENERAL ASSEMBLY OF
MARYLAND, That as used herein, the term "County " shall mean the
body politic and corporate of the State of Maryland known as
County Commissioners of Frederick County, and the term
"construction of additions and improvements to Frederick Memorial
Hospital" shall include the cost of planning, construction,
reconstruction, demolition, development development,
improvement, expansion and modernization of buildings and
facilities of Frederick Memorial Hospital in Frederick County,
including architectural, engineering, financial, legal and other
professional services, plans, specifications, studies, surveys,
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