WILLIAM DONALD SCHAEFER, Governor                   Ch. 204

financial, advisory, and legal fees, incurred in the issuance and
sale of the revenue bonds.

SECTION 2. AND BE IT FURTHER ENACTED, That the County
Commissioners of Calvert County shall by resolution fix the
maturity of any of the revenue bonds, provided that the bonds may
not mature later than 40 30 years from the date of their issue,
and provided further that the revenue bonds may be issued on the
serial maturity plan or such other plan as the County
Commissioners of Calvert County find and determine to be
necessary or desirable in connection with the issuance and sale
of the revenue bonds. The resolution may fix the denomination of
the revenue bonds, the interest rate, or the manner of
determining the interest rate of the revenue bonds, the manner
and place of payment, the date, place, and terms of the sale of
the revenue bonds, and all details not provided for with respect
to the form, issuance, and sale. The revenue bonds shall be
signed by the President of the Board of County Commissioners of
Calvert County and by the Clerk to the County Commissioners of
Calvert County. The seal of the County Commissioners of Calvert
County, or a facsimile, shall be affixed to the revenue bonds.

SECTION 3. AND BE IT FURTHER ENACTED, That any revenue bonds
issued under this Act may be sold, in the discretion of the
County Commissioners of Calvert County, at public or private
sale. Bonds may be sold at less than par. Any revenue bonds
sold under the authority conferred by this Act shall be exempted
from the provisions of Sections 10 and 11 of Article 31 of the
Annotated Code of Maryland (1983 Replacement Volume), and the
revenue bonds and the interest payable on the revenue bonds shall
be exempt from State, County, and Municipal taxation.

SECTION 4. AND BE IT FURTHER ENACTED, That the proceeds of
the sale of the revenue bonds shall be paid to the County
Commissioners of Calvert County, shall be placed in a special
fund, and shall be paid out by the Board of County Commissioners
of Calvert County. The proceeds net of any expenses of issuance
and sale of the revenue bonds shall be expended from time to time
for the purposes specified in Section i of this Act upon the
terms, conditions, and documentation as the County Commissioners
of Calvert County may by resolution provide.

SECTION 5. AND BE IT FURTHER ENACTED, That for the purpose
of paying the principal of and interest on any revenue bonds
issued by this Act, as they mature, the County Commissioners of
Calvert County shall provide by resolution for the pledging of
all proceeds of any rents or other revenues derived from the
lease to the State of the building constructed -and equipped with
the proceeds of the revenue bonds issued under this Act, or as

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