2480                                         LAWS OF MARYLAND                                     Ch. 470

known as the "Halfway Park", including the development and
landscaping of the ground surrounding the swimming pool, in an
amount not exceeding $5,000,000, together with any related
architectural, financial, legal, planning, or engineering
services.

SECTION 2. AND BE IT FURTHER ENACTED, That the County is
hereby authorized to finance any part or all of the costs of the
public facilities described 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, $5,000,000 and to evidence its 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.

SECTION 3. AND BE IT FURTHER ENACTED, That the bonds shall
be issued pursuant to a resolution of the County which shall
describe generally the public facilities for which the proceeds
of the bond sale are intended and the amount needed for those
purposes. 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 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 for the best interests of the County; the manner
of executing and sealing the bonds, which may be by facsimile;
the terms and conditions, if any, under which bonds may be
tendered for payment or purchase prior to their stated maturity;
the terms and conditions, if any, under which bonds may or shall
be redeemed prior to their stated maturity; 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; and generally all matters incident to the
terms, conditions, issuance, sale and delivery thereof.

The County may enter into agreements with agents, banks,
fiduciaries, insurers or others for the purpose of enhancing the
marketability of and security for the bonds and for the purpose
of securing any tender option that may be granted to holders of
the bonds.

In case any officer whose signature appears on any bond
ceases to be such officer before the delivery thereof, the
signature shall nevertheless be valid and sufficient for all
purposes as if the officer had remained in office until delivery.
The bonds, and their issuance and sale, shall be exempt from the