HARRY HUGHES, Governor                                       927

exchangeable for definitive bonds when such bonds or obligations
have been executed and are available for delivery, provided,
however, that any such interim certificates or temporary bonds
shall be issued in all respects subject to the restrictions and
requirements set forth herein. The county may, by appropriate
resolution, provide for the replacement of any bonds issued
hereunder which shall have become mutilated or be destroyed or
lost upon such conditions and after receiving such indemnity as
the county may think it proper and necessary to stipulate and
require.

SECTION 8. AND BE IT FURTHER ENACTED, That 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 or exchange
thereof, shall be and is hereby declared to be exempt from State,
county, and municipal taxation of every kind and nature
whatsoever in the State of Maryland.

SECTION 9. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1984.

Approved May 8, 1984.

CHAPTER 257

(House Bill 1362)

AN ACT concerning

Maryland-National Capital Park and Planning Commission -
Expense Reimbursement
PG/MC 7-84

FOR the purpose of altering the maximum annual dollar limitation
on the annual expense allowance of members of the
Maryland-National Capital Park and Planning Commission; and
providing that these expenses are shown according to the
rules and regulations that are adopted by the Commission.

BY repealing and reenacting, with amendments,

Article 28 - Maryland-National Capital Park and

Planning Commission
Section 2-104

Annotated Code of Maryland
(1983 Replacement Volume)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows: