Ch. 432                                           LAWS OF MARYLAND

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used herein, the term "County" means the body
politic and corporate of the State of Maryland known as the
County Commissioners of Carroll County, and the term "public
facilities" means the costs of acquisition, alteration,
construction, reconstruction, enlargement, equipping, expansion,
extension, improvement, rehabilitation, renovation, upgrading and
repair of public buildings and facilities, including, but not
limited to, public works projects such as roads, bridges and
storm drains, public school buildings and facilities, Carroll
Community College buildings and facilities, public operational
buildings and facilities such as buildings and facilities for
public safety, health and social services, libraries, and County
administration purposes, refuse disposal buildings and facilities
and parks and recreation buildings and facilities, together with
the costs of acquiring land or interests in land as well as 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 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,
$11,500,000 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 each of
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, which (without limitation) may
be issued in "registered form" within the meaning of Section 30
of Article 31 of the Annotated Code of Maryland as effective from
time to time; 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 the bonds,
which may be by facsimile; the terms and conditions, if any,

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