HARRY HUGHES, Governor                                           739

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That as used herein, the terms "County" shall mean the
body politic and corporate of the State of Maryland known as the
County Commissioners of Carroll County, and the term "Library
Construction in Carroll County, Maryland" shall include the
construction, development, improvement, and equipping of
buildings and facilities of 4 libraries in Carroll County,
including planning, architectural and engineering services,
including the preparation of plans, drawings and specifications
for such buildings and facilities and the development of the
grounds and landscaping thereof, and all customary permanent
appurtenances, furnishings, and equipment appropriate to the full
use thereof.

SECTION 2. AND BE IT FURTHER ENACTED, That the County is
hereby authorized and empowered to borrow money and incur
indebtedness for such purpose to finance library construction in
Carroll County as defined in Section 1 of this Act, from time to
time, in an amount not exceeding the sum of 3 million dollars
($3,000,000), and to evidence such borrowing by the issuance and
sale upon its full faith and credit of its serial maturity,
general obligation bonds in like par amount, upon the terms and
conditions hereinafter set forth. Such bonds may be issued from
time to time, in one or more groups or series, as funds for such
buildings and facilities become necessary, provided, however,
that the total debt which may be incurred pursuant to the
authority of this Act shall not exceed 3 million dollars
($3,000,000).

SECTION 3. AND BE IT FURTHER ENACTED, That, subject to the
foregoing limitations, the county shall, before borrowing any
money or issuing any bonds pursuant to this authority of the Act,
adopt a resolution describing the projects of construction,
reconstruction, development, improvement, and modernization of
buildings and facilities of said Carroll County libraries the
amount needed for said purposes in the aggregate, and determining
to borrow money or incur indebtedness for all or a part of the
amount so needed, and to issue its bonds to evidence such
borrowing or indebtedness. Each series or group of said bonds
shall be issued to mature in annual serial installments, the last
installment to mature not later than twenty-five (25) years from
the date of issue of said group or series. In said resolution,
said county shall fix the annual serial maturity plan with
respect to the bonds to be issued thereunder, and said annual
serial maturities shall be so fixed as to conform to the general
financial plans of the county, but need not be in equal par
amounts or in consecutive annual installments. Subject to the
limitations herein "contained, said county shall have and is
hereby granted full and complete authority and discretion to fix
and determine, in said resolution, the form and tenor of any such
bonds, the rate or rates of interest payable thereon, or the
method of arriving at the same, the date or dates upon which said
bonds shall respectively mature and be payable, the manner of