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Ch. 58
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2007 Laws of Maryland
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not limited to, public works projects such as roads, bridges and storm drains, public
school buildings and facilities, landfills, Carroll Community College buildings and
facilities, public operational buildings and facilities such as buildings and facilities for
County administrative use, public safety, health and social services, libraries, refuse
disposal buildings and facilities, water and sewer infrastructure facilities, easements
or similar or related rights in land that restrict the use of agricultural land or
woodland to maintain the character of the land as agricultural land or woodland, and
parks and recreation buildings and facilities, together with the costs of acquiring land
or interests in land as well as any related architectural, financial, legal, planning, or
engineering services.
SECTION 2. AND BE IT FURTHER ENACTED, That the County is hereby
authorized to finance any part or all of the costs of the construction, improvements or
development of public facilities described in Section 1 of this Act, to make loans to
each and every volunteer fire department in the County upon such terms and
conditions as may be determined by the County for the purpose of financing certain
fire or emergency-related equipment, buildings, or other facilities of volunteer fire
departments, to finance the payment of contributions to the Carroll County Pension
Plan, to finance the payment of contributions to other postemployment benefits
to borrow money and incur indebtedness for those purposes, at one time or from time
to time, in an amount not exceeding, in the aggregate, $80,000,000 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.
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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, including water and
sewer projects, the fire or emergency-related equipment, buildings, or other facilities
of volunteer fire departments in the County, the contributions to the Carroll County
Pension Plan, the contributions to other postemployment benefits provided by the
County, and the contributions to the length of service award program for members of
volunteer fire departments in the County, 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 which, without
limitation, may be issued in registered form within the meaning of Section 30 of
Article 31 of the Annotated Code of Maryland, as amended; 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
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-892 -
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