J. MILLARD TAWES, GOVERNOR                            1643

CHAPTER 893

(House Bill 486)

AN ACT to authorize and empower the County Commissioners for
Prince George's County, from time to time, to borrow not ex-
ceeding Ten Million Dollars ($10,000,000) in order to finance the
construction, acquisition, improvement or extension of public
schools in said County, as herein defined, and to effect such bor-
rowing by the issuance and sale to the highest bidder or bidders
at public sale of its general obligation, serial maturity coupon
bonds in like par amount; empowering said County to fix and
determine, by resolution, the form, tenor, interest rate or method
of arriving at the same, terms, including redemption and registra-
tion provisions, conditions, maturities and all other details inci-
dent or necessary to the issuance, public sale and delivery of
said bonds, without reference to any other law heretofore en-
acted; prescribing the method and manner of selling said bonds
at public sale; empowering said County, subject to certain limita-
tions, to sell said bonds at, above or below the par value thereof;
empowering said County to refund any of said bonds purchased or
redeemed in advance of maturity; empowering and directing said
County to apply to the payment of principal and interest of said
bonds and said refunding bonds any funds received from the
State of Maryland and the United States of America, which may
be properly allocable to said purpose; empowering and directing
said County to contract to levy and to levy, impose and collect
annually ad valorem taxes which, in addition to the State and
Federal allotments, if any, will provide funds sufficient for the
payment of said maturing principal and interest; exempting said
bonds and said refunding bonds and the interest thereon from all
State, county and municipal taxation in the State of Maryland;
and providing that power to incur indebtedness and issue bonds
therefor under the provisions of Chapter 634 of the Acts of the
General Assembly of Maryland of 1957 and Chapter 634 of the
Acts of the General Assembly of Maryland of 1959 shall be con-
tinued.

Section 1. Be it enacted by the General Assembly of Maryland,
That, as used herein, the term "County" shall mean the body politic
and corporate of the State of Maryland known as the County Com-
missioners for Prince George's County, and the term "public schools"
shall include the construction, reconstruction, improvements, exten-
sion, acquisition, alteration, repair and modernization of public school
buildings or buildings for school purposes in Prince George's County,
including sites therefor, the cost of acquiring any such sites, archi-
tectural and engineering services, including preparation of plans,
drawings and specifications for such schools and the development of
the grounds and landscaping thereof, and all customary permanent
appurtenances and recreational and pedagogical equipment for such
schools.

Explanation: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.