392 ARTICLE 31.

1933, ch. 153, sec. 2. 1933 (Special Sess. ), ch. 25, sec. 2.

26. Each such county, municipal or public corporation, special district
and/or political sub-division of this State, except the Mayor and City
Council of Baltimore, is hereby authorized and empowered to issue its
notes or coupon bonds for the sums so borrowed under the provisions of
this sub-title at any time and from time to time in such form as may
be determined by each such respective county, municipal or public corpo-
ration, special district and/or political sub-division of this State, to be
issued and sold in such manner either at public sale or by private negotia-
tion and to bear such rate of interest and to be in such form and payable
serially or otherwise at such time or times not later than twenty (20)
years from their respective date or dates of issue, as such issuing county,
municipal or public corporation, special district and/or political sub-
division may determine, it being the intent of this sub-title to authorize
and empower each and every such county, municipal or public corporation,
special district and/or political sub-division of this State to borrow upon
its own faith and credit such sums as may be necessary to meet such of its
obligations, including the accrued interest thereon, evidenced by coupon
bonds or notes maturing on or after March 1st, 1933, until June 1st, 1935,
for which funds may not otherwise be available, to the end that no default
occur in connection with any such obligations so evidenced by any such
coupon bonds or notes maturing during said period; and to provide money
to reimburse its treasury for any funds derived from its general revenues
and not levied for or dedicated to the payment of any such obligation
which shall have been advanced after March 1st, 1933, and until June
1st, 1935, for the payment of any such obligations so evidenced by coupon
bonds or notes.

1933, ch. 153, sec. 3. (1933 (Special Sess. ), ch. 25, sec. 3.

27. Such notes or coupon bonds as may be issued under the provisions
of this sub-title shall be and remain the obligations of the issuing county,
municipal or public corporation, special district and/or political sub-
division of this State, as the case may be, issued upon its full faith and
credit and that the entire property subject to taxation by such issuing
county, municipal or public corporation, special district and/or political
sub-division of this State shall be liable for the payment thereof and
that each and every such county, municipal or public corporation, special
district and/or political sub-division of this State so issuing any such notes
or coupon bonds under the provisions of this sub-title shall levy a tax
upon all property subject to assessment by it, sufficient to provide funds
for the payment of said indebtedness so evidenced by its notes or coupon
bonds issued under the provisions of this sub-title, together with the
interest thereon, before the maturity of all such notes or coupon bonds
not later than twenty (20) years from their respective date or dates of
issue, provided, however, that in the event it be necessary to provide
funds for the payment of such notes or coupon bonds so issued under the
provisions of this sub-title by and such general levy that nothing herein