HARRY HUGHES, Governor

2403

the planning, design, acquisition, construction and equipping of
a multipurpose senior center in Charles County, including
(without limitation) parking facilities, means of access and
utility services, and the acquisition and development, as
applicable, of land, structures, real or personal property,
rights, rights-of-way, easements and other interests for such
public facilities, the acquisition and installation of
furnishings and equipment of the public facilities, together with
any related financing charges, interest prior to ' and during
construction (and, if deemed necessary by the County, for a
limited period after completion of construction), interest and
reserves for principal and interest and for extensions,
enlargements, additions and improvements, architectural,
engineering, financial, legal, planning, and other professional
services, plans, specifications, studies, surveys, estimates of
cost and of revenues, administrative expenses necessary or
incident to determining the feasibility or practicability of the
public facilities and such other expenses as may be necessary or
incident to the planning, design, acquisition, construction and
equipping, of the public facilities, the financing or refinancing
of such planning, design, acquisition, construction and equipping,
and placing the public facilities in operation.

SECTION 2. AND BE IT FURTHER ENACTED, That the County is
hereby authorized and empowered to finance any part or all of the
costs of the 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 a principal amount not
exceeding, in the aggregate, $1,200,000 $1,000,000, and to
evidence its borrowing by the issuance and sale upon its full
faith and credit of its 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.

SECTION 3. AND BE IT FURTHER ENACTED, That the bonds shall
be issued pursuant to a resolution of the Board which shall
describe generally the public facilities for which the proceeds
of the bond sale are intended and the amount needed for such
purpose. The County shall have and is hereby granted full and
complete authority and discretion in the resolution to fix and
determine with respect to the bonds of any issue: the
designation, date of issue, denomination or denominations, form
or forms and tenor of the bonds; the rate or rates of interest
payable thereon, or the method of determining the same which may
include a variable rate; the date or dates and the amount or
amounts of maturity, which need not be in equal par amounts or in
consecutive annual installments, provided only that no bond of
any issue shall mature later than 30 years from the date of its
issue; the manner of selling the bonds, which may be at either
public or private sale, for such price or prices as may be
determined to be in the best interests of the County; the manner
of executing and sealing the bonds, which may be by facsimile;
the place or places of payment of the principal of and the
interest on the bonds, which may be at any bank or trust company
within or without the State of Maryland; the collateral, if any,