WILLIAM DONALD SCHAEFER, Governor Ch. 478

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 Garrett County, and the term "public
facilities" means the costs of renovating, expanding, and
improving the Southern High School and expanding and improving
the Northern High School in Garrett County together with any
related architectural, financial, legal, 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,
$6,900,000 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
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, under which bonds may be tendered for payment
or purchase prior to their stated maturity; the terms or
conditions, if any, under which bonds may or shall be redeemed
prior to their stated maturity; the place or places of payment of
the principal of and the interest on the bonds, which may be at
any bank or trust company within or without the State of
Maryland; and generally all matters incident to the terms,
conditions, issuance, sale and delivery thereof.

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

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