WILLIAM DONALD SCHAEFER, Governor Ch. 452

BEHALF OF THE COUNTY, IN EACH AND EVERY FISCAL YEAR IN WHICH
BONDS ARE OUTSTANDING SHALL LEVY AND COLLECT AD VALOREM TAXES
UPON ALL THE LEGALLY ASSESSABLE PROPERTY WITHIN THE CORPORATE
LIMITS OF CARROLL COUNTY IN RATE AND AMOUNT SUFFICIENT TO PROVIDE
FOR SUCH PAYMENTS WHEN DUE, TOGETHER WITH ACCRUED INTEREST TO THE
DATE OF PAYMENT. IN THE EVENT THE PROCEEDS FROM THE TAXES SO
LEVIED IN ANY FISCAL YEAR ARE INADEQUATE FOR THE ABOVE PURPOSES,
THE BOARD, ON BEHALF OF THE COUNTY, SHALL LEVY ADDITIONAL TAXES
IN THE SUCCEEDING FISCAL YEAR TO MAKE UP ANY DEFICIENCY. BONDS
SECURED AS PROVIDED IN THIS SUBSECTION, IN THE BOARD'S
DISCRETION, ALSO MAY BE SECURED BY ANY REVENUES OR PLEDGE
AUTHORIZED UNDER SUBSECTION 15A-6(A).

15A-7.

(A)  THE COUNTY MAY ENTER INTO AGREEMENTS WITH AGENTS,
BANKS, FIDUCIARIES, INSURERS, OR OTHERS FOR THE PURPOSE OF
ENHANCING THE MARKETABILITY OF AND SECURITY FOR THE BONDS AND FOR
THE PURPOSE OF SECURING ANY TENDER OPTION THAT MAY BE GRANTED TO
HOLDERS OF THE BONDS. AS ADDITIONAL SECURITY FOR THE PAYMENT OF
THE PRINCIPAL OF AND INTEREST ON THE BONDS, THE COUNTY MAY CONVEY
OR ASSIGN ANY REAL OR PERSONAL PROPERTY WHICH CONSTITUTES A SOLID
WASTE PROJECT OR THE SYSTEM OF WHICH IT FORMS A PART. SUCH
PLEDGE, CONVEYANCE, OR ASSIGNMENT SHALL BE VALID AND BINDING
AGAINST ANY PERSON HAVING A CLAIM OF ANY KIND AGAINST THE COUNTY,
IRRESPECTIVE OF WHETHER THE PERSON HAS NOTICE.

(B)  (1) ANY TRUST INDENTURE ENTERED INTO UNDER THIS SECTION
MAY CONTAIN COVENANTS ON THE PART OF THE COUNTY DEEMED NECESSARY
OR APPROPRIATE BY THE BOARD FOR THE PROPER SECURITY OF THE
PURCHASERS OF ANY SUCH BONDS, BUT THE COUNTY MAY NOT ENTER INTO
ANY COVENANT WHICH PERMITS THE TRUSTEE OR BONDHOLDERS IN ANY
MANNER TO SELL OR OTHERWISE DIVEST THE COUNTY OF ITS TITLE TO ANY
SOLID WASTE PROJECT OR PROJECTS FINANCED WITH THE PROCEEDS OF ANY
SUCH BONDS, WITHOUT THE PRIOR WRITTEN CONSENT OF THE COUNTY.
SUBJECT TO THE FOREGOING LIMITATION, ANY SUCH TRUST INDENTURE MAY
CONTAIN COVENANTS FOR THE PROTECTION OF BONDHOLDERS, RELATING TO
ALL OR ANY OF THE FOLLOWING:

(I)  THE NATURE, EXTENT AND PROCEDURE FOR
ACQUIRING OR CONSTRUCTING ANY SOLID WASTE PROJECT OR PROJECTS AND
THE SUPERVISION THEREOF;

(II)  THE MAINTENANCE AND OPERATION OF ANY SUCH
PROJECT OR PROJECTS, AND THE SUPERVISION THEREOF, THE EMPLOYMENT
OF CONSULTING ENGINEERS, AUDITORS, ATTORNEYS AND OTHER EXPERTS IN
CONNECTION WITH ANY SUCH ACQUISITION, CONSTRUCTION, MAINTENANCE
OR OPERATION;

(III)  THE TERMS AND PROVISIONS OF THE BONDS AND
THE SECURING OF THE PROCEEDS THEREOF, THE IMPOSITION AND
COLLECTION OF RATES AND CHARGES FOR THE USE OF ANY SUCH PROJECT
OR PROJECTS AND THE USE, APPLICATION AND SECURITY OF ANY REVENUES

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