CHAPTER 91
(House Bill 395)

AN ACT concerning

Charles County - Public Facilities Bonds - Charles County Nursing Home

FOR the purpose of authorizing and empowering the County Commissioners of
Charles County, from time to time, to borrow not more than $2,000,000, in order
to finance the cost of certain public facilities in Charles County, as herein
defined, and to effect such borrowing by the issuance and sale at public or
private sale of its general obligation bonds in like par amount; empowering the
County to fix and determine, by resolution, the form, tenor, interest rate or rates
or method of determining the same, terms, conditions, maturities, and all other
details incident to the issuance and sale of the bonds; empowering the County to
issue refunding bonds for the purchase or redemption of bonds in advance of
maturity; empowering and directing the County to levy, impose, and collect,
annually, ad valorem taxes in rate and amount sufficient to provide funds for
the payment of the maturing principal of and interest on the bonds; exempting
the bonds and refunding bonds and the interest thereon and any income derived
therefrom from all State, county, municipal, and other taxation in the State of
Maryland; providing that nothing in this Act shall prevent the County from
authorizing the issuance and sale of bonds the interest on which is not
excludable from gross income for federal income tax purposes; and generally
relating to the issuance and sale of the bonds by Charles County.

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 Charles
County; the term "Board" means the Board of County Commissioners of Charles
County, the governing body of the County; and the term "public facilities" means the
planning, design, repair, renovation, reconstruction, alteration, and capital equipping
of, and other capital improvements made to, the Charles County Nursing Home.

SECTION 2. AND BE IT FURTHER ENACTED, That the County is hereby
authorized to finance any part or all of the costs of the acquisition, construction,
improvement, development, rehabilitation, repair, furnishing, and equipping of the
public facilities 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, $2,000,000
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
pursuant to a resolution of the Board, 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,