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2000 LAWS OF MARYLAND
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Ch. 558
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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Acts inconsistent with the provisions of this Act are hereby repealed to the extent of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, as used in this section
and Sections 11, 12, 13, 14, 15, 16, 17, and 18 of this Act, the term "County" means the
body politic and corporate of the State of Maryland known as the County
Commissioners of Frederick County, and the term "construction of additions and
improvements of the Tourism Council of Frederick County, Inc." means the cost of
planning, acquisition, alteration, renovation, construction, reconstruction, demolition,
development, improvement, expansion, and modernization of buildings and facilities
for the use and benefit of the Tourism Council of Frederick County, Inc., including
architectural, engineering, financial, legal, and other professional services, plans,
specifications, studies, surveys, estimates of costs and of revenues, administrative
expenses necessary or incident of determining the feasibility or practicability of the
project and the development of the grounds and landscaping thereof, all customary
permanent appurtenances, furnishings and equipment appropriate to the full use
thereof, financing charges, interest prior to and during construction (and if deemed
necessary by the County for a limited period after completion of construction), reserves
for principal and interest and for extensions, enlargements, additions and
improvements, and such other expenses as may be necessary or incident to the
construction of additions and improvements of the Tourism Council of Frederick
County, Inc., and the financing or refinancing of such additions and improvements
including expenses of issuance of the bonds herein authorized. "Tourism Council of
Frederick County, Inc." means the private nonsectarian corporation that operates the
Frederick Tourism Council in Frederick County.
SECTION 11. AND BE IT FURTHER ENACTED, That the County is hereby
authorized, but is in no way obligated, 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, $3,000,000 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 12. AND BE IT FURTHER ENACTED, That the bonds shall be
issued pursuant to a resolution of the County, which shall describe generally the
projects of the construction of additions to and improvements of the Tourism Council of
Frederick County, Inc. 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 to determine whether or not to issue the bonds
hereby authorized and 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 35 years from the date of its issue; the manner of selling the bonds, which
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