Ch. 331                                           LAWS OF MARYLAND

SECTION 5. AND BE IT FURTHER ENACTED, That the bonds hereby
authorized shall constitute, and they shall so recite, an
irrevocable pledge of the full faith and credit and unlimited
taxing power of the County to the payment of the maturing
principal of and interest on the bonds as and when they become
payable. In each and every fiscal year that any of the bonds are
outstanding, the Country shall levy or cause to be levied ad
valorem taxes upon all the assessable property within the
corporate limits of the County in rate and amount sufficient to
provide for or assure the payment, when due, of the principal of
and interest on all the bonds maturing in each such fiscal year
and, if the proceeds from the taxes so levied in any fiscal year
prove inadequate for such payment, additional taxes shall be
levied in the succeeding fiscal year to make up any . deficiency.
The County may apply to the payment of the principal of and
interest on any bonds issued hereunder any funds received by it
from the State of Maryland, the United States of America, any
agency or instrumentality of either, or from any other source, if
such funds are granted for the purpose of assisting the County in
financing the jail facilities defined in this Act and, to the
extent of any such funds received or receivable in any fiscal
year, taxes that might otherwise be required to be levied under
this Act may be reduced or need not be levied.

SECTION 6. AND BE IT FURTHER ENACTED, That the County may,
prior to the preparation of definitive bonds, issue interim
certificates or temporary bonds, exchangeable for definitive
bonds when such bonds have been executed and are available for
delivery. The County may, by appropriate resolution, provide for
the replacement of any bonds issued under this Act which may have
become mutilated or lost or destroyed upon whatever conditions
and after receiving whatever indemnity the County may require.

SECTION 7. AND BE IT FURTHER ENACTED, That any and all
obligations issued under this Act, their transfer, the interest
payable on them, and any income derived from them from time to
time (including any profit made in their sale) shall be and are
hereby declared to be at all times exempt from State, county,
municipal or other taxation of every kind and nature whatsoever
within the State of Maryland.

SECTION 8. AND BE IT FURTHER ENACTED, That the authority to
borrow money and issue bonds conferred on the County by this Act
shall be deemed to provide additional, alternative and
supplemental authority for borrowing money and shall be regarded
as supplemental and additional to powers conferred upon the
County by other laws and shall not be regarded as in derogation
of any power now existing; and all previously enacted laws
authorizing the County to borrow money are hereby continued to
the extent that the power contained in them has not been

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