3674 ARTICLE 16

1918, ch 122, sec 4 1924, ch 189, sec 4

993. As soon after organization as possible, said Commission shall
cause surveys, plans, specifications and estimates to be made for water
supply, sewerage and drainage systems in those portions of the Sanitary
District in which, in its judgment, such systems, or any of them, are
necessary, and shall divide such territory into water, sewerage or drain-
age districts in such a way as shall, in its judgment, best seive the needs
of the various communities and shall promote convenience and economy
of installation and operation

That said Commission may thereafter proceed with such construction
in any of said districts as in its judgment it deems advisable, but that
wherever such construction is upon the motion of the Commission without
petition oi lequest from any party interested, said Commission may give
such reasonable notice as it deems advisable

1918, ch 122 sec 5 1924, ch 189, sec 5 1927, ch 506, sec 5

994. For the purpose of roviding funds for the design, construction,
establishment, purchase or condemnation of the water supply, sewerage
and drainage system in the Sanitary District, said Commission is author-
ized and empowered to issue bonds, from time to time, in such amounts
as it may deem necessaiy to carry on its work, but at no time shall the
total issue of bonds, not including the payment of bonds assumed under
this Act, exceed fourteen per centum of the total assessable basis of all
property assessed for county taxation purposes, within the Sanitary Dis-
trict, provided, however, that the issuance of said bonds under this Act
shall be first approved by the Public Service Commission of Maryland,
upon proper petition, thirty days' notice and hearing as now provided by
the law for Public Service Corporations in the State of Maryland and the
said Public Service Commission is hereby given jurisdiction and authority
to determine the reasonableness of all such issues of bonds Said bonds
shall be either registered or coupon bonds in such denomination or denomi-
nations as shall be determined by the Commission, shall bear interest not
exceeding five pei centum (5%) per annum, payable semi-annually and
shall mature not exceeding fifty years from the date of issue, and all bonds
of said Commission, including those heretofore issued, shall be forever
exempt from taxation by the State of Maryland, and by the counties and
municipalities in said State

They shall be issued under the hand and seal of said Commission and
shall be guaranteed as to payment of principal and interest by the County
Commissioners of both Montgomery and Prince George's Counties, which
guaranty shall be endoised on each of said bonds in the following lan-
guage "The payment of interest when due and the principal at maturity
is guaranteed by Montgomery and Prince George's Counties, Maryland"
Such endorsement shall be signed on each of said bonds by the President
and Secretary or Clerk of the Board of County Commissioners of each
county, within twenty days after the bonds are presented by said Com
mission to them for endorsement In the event of any liability under the