4892

MUNICIPAL CHARTERS

purposes, objects and powers of the Town of Upper
Marlboro; providing that such revenue bonds shall not
constitute or give rise to an indebtedness of the Town
and shall not constitute a pledge of or involve the faith
and credit or the taxing power of the Town; providing the
procedure for the issuance and sale of such revenue
bonds; providing that such revenue bonds may be sold at
private sale without the necessity of soliciting
competitive bids therefor; providing for the issuance of
revenue refunding bonds, interim certificates or
temporary bonds; providing for the execution of a trust
agreement as security for such revenue bonds and
otherwise providing for the security of such bonds;
providing for the disbursements of the proceeds of such
revenue bonds and enforcement of the rights of
bondholders; providing that no referendum shall be
necessary for any issue of such revenue bonds and
generally providing for the authorization, issuance and
sale of revenue bonds by the Town.

SECTION 1. BE IT RESOLVED BY THE BOARD OF
COMMISSIONERS OF THE TOWN OF UPPER MARLBORO, that new
Section 83—53A to follow immediately after Section 82—53
be and it is hereby added to the Charter of the Town of
Upper Marlboro set forth in the Laws of Maryland of 1971,
Appendix A, titled "Amendments to Municipal Charters,"
subtitle "Upper Marlboro," to read as follows:

82-53A.

(A) IN ADDITION TO ANY OTHER BORROWING POWERS WHICH
THE TOWN OF UPPER MARLBORO MAY POSSESS (FROM WHATEVER
SOURCE DERIVED) AND NOTWITHSTANDING ANY OTHER PROVISION
OF THE CHARTER OF THE TOWN OR LIMITATION OF LAW (TO THE
EXTENT SUCH LIMITATION MAY BE REMOVED OR MODIFIED BY THIS
CHARTER PROVISION), THE TOWN SHALL HAVE THE POWER, BY
RESOLUTION OR ORDINANCE ADOPTED FROM TIME TO TIME, TO
BORROW HONEY TO FINANCE THE COST (AS DEFINED HEREIN) OF
PROJECTS FOR THE ACCOMPLISHMENT OF ANY OF THE PURPOSES,
OBJECTS AND POWERS OF THE TOWN OF UPPER MARLBORO AND IN
CONNECTION THEREWITH TO ISSUE ITS REVENUE BONDS, NOTES OR
OTHER OBLIGATIONS (INCLUDING REVENUE REFUNDING BONDS,
NOTES OR OTHER OBLIGATIONS AS PROVIDED IN THIS SECTION).
THE TERM "COST" SHALL INCLUDE, BUT NOT BE LIMITED TO, THE
COST OF (I) ACQUIRING, BY LEASE OR BY PURCHASE OR
OTHERWISE, ALL INTERESTS IN PROPERTY IN CONNECTION
THEREWITH; (II) FINANCIAL, ARCHITECTURAL, CONSULTING,
ENGINEERING OR LEGAL SERVICES; (III) PLANS,
SPECIFICATIONS, SURVEYS, ESTIMATES OR FEASIBILITY
REPORTS; (IV) DEVELOPMENT OF THE PROPERTY, INCLUDING,
WITHOUT LIMITATION, GRADING, ROAD CONSTRUCTION, AND
INSTALLATION OF WATER, SEWERS, STORM DRAINS AND OTHER
UTILITIES; (V) ERECTION OF STRUCTURES, INCLUDING LABOR,