WILLIAM DONALD SCHAEFER, Governor Ch. 636

which time their terms shall expire. On July 1, 1988, 3
successors shall be elected as provided for under this Act and
their terms shall be staggered as follows:

(1)  1 successor shall be elected for a term expiring
at the annual meeting of the Corporation in 1990;

(2)  1 successor shall be elected for a term expiring
at the annual meeting of the Corporation in 1991; and

(3)  1 successor shall be elected for a term expiring
at the annual meeting of the Corporation in 1992.

SECTION 6. AND BE IT FURTHER ENACTED, That this Act shall
take effect July June 1, 1988.

Approved May 27, 1988.

CHAPTER 636

(House Bill 148)

AN ACT concerning

Creation of a State Debt - Strathmore Hall Foundation, Inc.

MC 822-88

FOR the purpose of authorizing the creation of a State Debt in
the amount of $350,000 $250,000, the proceeds to be used as
a grant to Strathmore Hall Foundation, Inc., for the
exterior repair of the mortar, foundation, pillars, and wood
of the Strathmore Hall located in Montgomery County, subject
to the requirement that the County Executive and County
Council of Montgomery County provide at least an equal and
matching fund of a certain kind for the same purpose by a
certain date; requiring that certain easements to be granted
to the Maryland Historical Trust; and providing generally
for the issue and sale of bonds evidencing the loan.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(1) The Board of Public Works may borrow money and incur
indebtedness on behalf of the State of Maryland through a State
loan to be known as the Strathmore Hall Foundation, Inc. Loan of
1988 in the total principal amount of $350,000 $250,000. This
loan shall be evidenced by the issuance, sale, and delivery of
State general obligation bonds authorized by a resolution of the

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