PARRIS N. GLENDENING, Governor

Ch. 439

expansion, extension, improvement, rehabilitation, renovation, upgrading, and repair of
public buildings and facilities and public works projects, including, but not limited to, the
following, together with related architectural, financial, legal, planning or engineering
services:

(a)     Public school buildings, administrative facilities, sites, and grounds;

(b)     Community College buildings, sites, and grounds;

(c)     Highways and bridges;

(d)     Stormwater drainage facilities;

(e)     Detention facilities, sites, and grounds;

(f)     Airport facilities and grounds;

(g)     The St. Mary's County Circuit Courthouse and other public facilities;

(h) Buildings and facilities for public safety, health and social services, libraries,
County administration purposes, refuse collection, recycling or disposal by whatever
means and park and recreation purposes; and

(i) Acquisition of land or interests in land and any improvement thereon for
public use, including, but not limited to, the acquisition, improvement, or development of
land and any improvements thereon for lease, sale, or other use in connection with the
development of an industrial park or for other economic development purposes.

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, $10,000,000 and to
evidence such 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
in accordance with a resolution of the County, which shall describe generally the
construction, improvement, or development of 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 St. Mary's County; the manner of executing and
sealing 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

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