260 ARTICLE 43.

alteration, maintenance or operation of any part or appurtenance of said
water supply, sewerage, drainage or refuse disposal system, this to be done
by the purchase of the same from the owner or owners, or upon the failure
to agree, by the condemnation of the same by proceedings in the Circuit
Court for the County in which the said land, structures, water courses,
water rights or property are located, as now provided for condemnation of
land by Public Service Corporations in Article 33A of the Code of Public
General Laws of Maryland, and said authorities may at the same time
condemn the interest of any tenant, lessee or other person having an inter-
est in said property. At any time after ten days after the return and recor-
dation of the verdict and award in said proceedings, the said authorities
may enter upon and take possession of said property so condemned, upon
first paying to the Clerk of the Court the amount of said award, and all
costs and taxes to date, notwithstanding any appeal or further proceeding
upon the part of the defendant. At the time of said payment, however, it
shall give its corporate undertaking to abide by and fulfill any judgment on
such appeal or further proceedings.

1927, ch. 641, sec. 348C.

348C. For the purpose of providing funds for the design, construction,
establishment, purchase or condemnation of any water supply, sewerage,
drainage or refuse disposal system, said municipal authorities are author-
ized and empowered to issue bonds from time to time in such amounts as
they may deem necessary to carry on said work, or any part of it; pro-
vided, however, that at no time shall the amount of outstanding bonds so
issued be more than five (5) per cent, of the aggregate assessed valuation
of all property listed and assessed for taxation in such municipality. Said
bonds may be issued without previous legislative authority and the amounts
of said bonds outstanding at any time may be in addition to the total in-
debtedness otherwise permitted by law. Bonds issued under this section
may be of such type and denomination and may bear such rate of interest,
not exceeding five (5) per cent, per annum, as said authorities issuing
them may determine upon, provided that no bonds shall be issued maturing
at a period exceeding fifty years from the date of issue. Said Bonds shall
be forever exempt from State, county or municipal taxation. They shall
be a lien upon all property within the jurisdiction issuing them.

1927, ch. 641, sec. 348D.

348D. For the purpose of retiring the bonds issued under Sections
348A-348R, and of paying interest thereon, there shall be levied against all
of the assessable property within the municipality served annually, so long
as any of said bonds are outstanding, a tax of sufficient amount to meet the
interest on said bonds as it may become due and to pay the principal thereof
as they mature, or such part of said amount as may not be raised by annual
assessments, as hereinafter provided in Section 348E, said tax to be de-
termined, levied and collected in the same manner as in the case of other
municipal taxes. The taxes levied under Sections 348A-348R shall have the
same priority rights, bear the same interest and penalties, and in every re-