SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That, as used in this Act, the term "County" means that body politic
and corporate of the State of Maryland known as the County Commissioners of Cecil
County; and the term "public facilities" means the costs of alteration, construction,
reconstruction, enlargement, expansion, extension, improvement, replacement,
rehabilitation, renovation, upgrading and repair, and related costs for architectural,
financial, legal, planning, designing, or engineering services, for public capital
projects in Cecil County, including any finance charges or interest prior to or during
such financing and any other costs or expenditures incurred by the County in
connection with the projects.

SECTION 2. AND BE IT FURTHER ENACTED, That the County is hereby
authorized to finance any part or all of the costs of the public 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,
$12,000,000 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 of securing any tender option that may be granted to holders of
the bonds.

In case any officer whose signature appears on any bond ceases to be such
officer before delivery, the signature shall nevertheless be valid and sufficient for all