restrictions and requirements set forth in this Act. The County may, by appropriate
resolution, provide for the replacement of any bonds issued hereunder which shall
have become mutilated or lost or destroyed upon such conditions and after receiving
such indemnity as the County may require.

SECTION 8. AND BE IT FURTHER ENACTED, That any and all obligations
issued pursuant to the authority of this Act, their transfer, the interest payable
thereon, and any income derived therefrom in the hands of the holders thereof from
time to time (including any profit made in the sale thereof) shall be and are hereby
declared to be at all times exempt from State, county, municipal, or other taxation of
every kind and nature whatsoever within the State of Maryland.

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.

SECTION 9. AND BE IT FURTHER ENACTED, That the authority to borrow
money and issue bonds conferred on the County by this Act shall be deemed to provide
additional, alternative, and supplemental authority for borrowing money and shall be
regarded as supplemental and additional to powers conferred upon the County by
other laws and shall not be regarded as in derogation of any power now existing; and
all Acts of the General Assembly of Maryland heretofore passed authorizing the
County to borrow money are hereby continued to the extent that the powers contained
in such Acts have not been exercised, and nothing contained in this Act may be
construed to impair, in any way, the validity of any bonds that may have been issued
by the County under the authority of any said Acts, and the validity of the bonds is
hereby ratified, confirmed, and approved. This Act, being necessary for the welfare of
the inhabitants of Charles County, shall be liberally construed to effect the purposes
hereof. All Acts and parts of Acts inconsistent with the provisions of this Act are
hereby repealed to the extent of such inconsistency.

SECTION 10. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1999.

Approved April 13, 1999.

CHAPTER 92
(House Bill 412)

AN ACT concerning

Montgomery County - Alcoholic Beverages Licenses - Theaters

MC 917-99

FOR the purpose of authorizing the Montgomery County Board of License
Commissioners to issue a special theater (on-sale) beer, wine and liquor beer
and wine license for use in a theater that meets certain conditions; establishing
the times for sale under the license; establishing a certain fee for the license;