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2540
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Ch. 612
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LAWS OF MARYLAND
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(1972 Edition and 1975 Supplement, as amended)
being also
The Public Local Laws of Prince George's County
Section 83—64
Article 17 — Public Local Laws of Maryland
(1963 Edition and 1967 Supplement, as amended)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 4-9 of the Code of the Washington
Suburban Sanitary District (1969 Edition, as amended),
being also Section 86—4-9 of the Public Local Laws of
Montgomery County being Article 16 of the Public Local
Laws of Maryland (1972 Edition and 1975 Supplement, as
amended), being also Section 83-64 of the Public Local
Laws of Prince George's County being Article 17 of the
Public Local Laws of Maryland (1963 Edition and 1967
Supplement, as amended) be and they are hereby repealed
to read as follows:
The Code of the Washington Suburban
Sanitary District
4-9. (86-4-9 and 83-64)
[(a) The Washington Suburban Sanitary Commission be
and it is hereby authorized to issue bonds of the
Washington Suburban Sanitary District at any time or
times for the purpost purpose of refunding any bonds
theretofore issued by said district or by said commission
which shall then be outstanding and which shall have
matured or which shall mature or be subject to redemption
within five years after the date of such refunding,
provided that such refunding bonds shall not exceed the
aggregate principal amount of the bonds to be refunded.
Such refunding bonds shall be dated, shall bear interest
at such rate or rates not exceeding four per centum (4%)
per annum, shall mature at such time or times not
exceeding twenty years from their date, as may be
determined by the commission, and may be made redeemable
before maturity, at the option of the commission, at such
price or prices and under such terms and conditions as
nay be fixed by the commission prior to the issuance of
the bonds. Such bonds may be issued in coupon or in
registered form, or both, as the commission may
determine, and provision may be made for the registration
of any coupon bonds as to principal alone and also as to
both principal and interest, and for the reconversion
into coupon bonds of any bonds registered as to both
principal and interest. The commission shall fix the
denomination or denominations of the bonds and the form
and manner of execution of the bonds and of any interest
coupons to be attached thereto. In case any officer
whose signature or a facsimile of whose signature shall
appear on any bond or coupon shall cease to be such
officer before the delivery of such bonds, such signature
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