MARVIN MANDEL, Governor

33

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1976.

Approved March 16, 1976.

CHAPTER 24
(Senate Bill 659)

AN ACT concerning

Charles County — Bonds for County
Sheriff's Department and Jail

FOR the purpose of authorizing and empowering the County
Commissioners of Charles County, from time to time,
to borrow not exceeding One Million Dollars
($1,000,000) in order to finance the construction,
acquisition, improvement or extension of certain
public facilities as herein defined, and to effect
such borrowing by the issuance and sale to the
highest bidder or bidders at public sale or, at the
discretion of the County, private 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 registration provisions,
conditions, maturities and all other details
incident or necessary to the issuance, sale and
delivery of said bonds, without reference to the
provisions of Sections 9, 10 and 11 of Article 31 of
Annotated Code of Maryland (1971 Replacement
Volume); prescribing the method and manner of
selling said bonds at public or private sale;
empowering said County to sell said bonds at or
above the par value thereof; empowering said County
to refund any of said bonds purchased or redeemed in
advance of maturity; empowering 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, the United States of
America or any other source 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 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