WILLIAM DONALD SCHAEFER, Governor                   Ch. 448

private sale of its general obligation bonds in like par
amount; empowering the County is to fix and determine, by
resolution, the form, tenor, interest rate or rates or
method of determining the same, terms, conditions,
maturities, and all other details incident to the issuance
and sale of the bonds; empowering the County to issue
refunding bonds for the purchase or redemption of bonds in
advance of maturity; empowering and directing the County to
levy, impose, and collect, annually, ad valorem taxes in
rate and amount sufficient to provide funds for the payment
of the maturing principal of and interest on the bonds;
exempting the bonds and refunding bonds, and the interest
thereon and any income derived therefrom, from all State,
county, municipal and other taxation in the State of
Maryland; and relating generally to the issuance and sale of
such bonds by Queen Anne's County.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used in this Act, the term "County" means the
body politic and corporate of the State of Maryland known as the
Board of County Commissioners of Queen Anne's County, and the
term "public facilities" means the costs of acquisition,
alteration, construction, reconstruction, enlargement, expansion,
extension, improvement, rehabilitation, renovation, and repair of
county buildings and facilities, including development of
property, acquisition and installation of equipment and
furnishings, 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
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,
$2,000,000 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

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