WILLIAM DONALD SCHAEFER, Governor Ch. 383

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, alteration,
improvement, rehabilitation, renovation, remodeling,
construction, furnishing and equipping of the public facilities,
the financing or refinancing of such planning, alteration,
improvement, rehabilitation, renovation, remodeling,
construction, furnishing 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 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,
$4,500,000, 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
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 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 term 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; the collateral, if any, to be pledged or
assigned to the payment of principal of and interest on the
bonds; and generally all matters incident to the terms,
conditions, issuance, sale and delivery of the bonds.

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