630

this Act when they are obtainable at not exceeding one point above the
issue price or in bonds of the United States Government or of the State
of Maryland; and bonds issued under this Act when purchased for the
Sinking Fund shall not be cancelled and destroyed, but shall be imme-
diately stamped to show that they belong to the Sinking Fund and shall
be held and treated as other outstanding bonds bearing interest, and the
interest thereon shall be paid into the Sinking Fund until their maturity
and at maturity they shall be cancelled at the same time at which bonds
of the same series outstanding in the hands of the public are paid. The
Commissioners shall have power and authority to sell any United States
or State of Maryland bonds at any time in the Sinking Fund in order
to provide cash to pay any series of bonds issued under this Act as they
mature or to purchase with the proceeds bonds issued under this Act when-
ever the Commissioners can in their judgment make such a change of
investment advantageously. The provisions of this section shall not apply
to the properties, plants, franchises, and/or rights of the Mayor and City
Council of Baltimore or to any properties, plants, franchises and/or
rights that may be hereafter acquired by the Mayor and City Council of
Baltimore for the protection or enlargement of its water supply, sewerage,
storm water drainage or refuse disposal systems or any other of its utility
properties.

1924, ch. 539. sec. 11. B. Co. C. (1928), sec. 337.

337. For the purpose of providing for the organization and prelimi-
nary expenses of the Commissioners, the sum of $25,000 shall be pro-
vided by the issuance of notes, or some other form of certificates of indebt-
edness, the issuance whereof is hereby expressly authorized, which said
sum shall be repaid to the County Commissioners out of the first issue of
Metropolitan District bonds.

1924, ch. 539, sec. 12. B. Co. C. (1928), sec. 33S.

338. No water supply, sewerage or storm-water drainage system, or
any part or appurtenance thereof, or no water main, sewer or drain, or
connection therewith, within such parts or portions of said Metropolitan
District as have been supplied with sewerage or water systems under the
provisions of this Act, whether upon private premises or otherwise, shall
be constructed by any person or persons, firm, corporation, institution or
community without the written consent of and under rules prescribed by
the Commissioners, and any violation of this section shall be punishable
in the same manner and subject to the same penalties as provided under
Section 344 of this Article. The provisions of this section shall not apply
to the properties, plants, franchises and/or rights of the Mayor and City
Council of Baltimore or to any properties, plants, franchises and rights
that may be hereafter acquired by the Mayor and City Council of Balti-
more for the protection or enlargement of its water supply, sewerage,
storm-water drainage or refuse disposal systems or any other of its
uitility properties.