WM. PRESTON LANE, JR., GOVERNOR. 125

computed with relation to the absolute maturity of the
bonds in accordance with standard tables of bond values,
excluding, however, from such computation the amount of
any redemption premium. Such bonds shall not be subject
to the provisions of Sections 34, 35 and 36 of Article 31,
Code of Public General Laws of Maryland (1939 Edition).
Within the limitations prescribed hereby said bonds shall
be issued on an annual serial maturity plan so that a cer-
tain number of said bonds will mature in consecutive annual
serial installments. The City may provide by ordinance the
conditions upon which any bonds which shall become muti-
lated or be destroyed or lost after the issuance thereof may
be replaced.

SEC. 3. And be it further enacted, That the bonds hereby
authorized to be issued and the interest paid thereon, in
the hands of the persons entitled thereto, from time to time,
shall be and remain exempt from all State, county and
municipal taxation of any kind and nature whatsoever in
the State of Maryland.

SEC. 4. And be it further enacted. That in order to pro-
vide for the payment of the principal and interest of said
bonds as and when the same respectively mature and are pay-
able, the City shall, in each year that any of said bonds are
outstanding, levy upon all property within the corporate
limits of the City and subject to assessment for taxation
by it ad valorem taxes sufficient in rate and amount to pro-
vide the moneys necessary to pay said principal and in-
terest when due. Said taxes shall be levied without regard
to any limitations on the powers of taxation of the City and
shall have the same priority and lien and shall be levied
and collected in. the same manner as other City taxes and
the payment thereof shall be enforced in the same manner
as payment of other City taxes are enforced.

SEC. 5. And be it further enacted, That nothing herein
contained shall be taken or construed as in any way limit-
ing, impairing or modifying any powers, jurisdiction or
authority conferred by law upon the State Board of Health
of Maryland and said Board shall possess, with respect to
all sanitary facilities in the City, the authority and juris-
diction conferred upon it from time to time by law, not-
withstanding any of the provisions hereof. Nothing herein
contained shall be construed to limit or circumscribe the
powers of the City to borrow money and issue bonds pur-
suant to the authority of Sections 380 or 395 of Article 43
of the Code of Public General Laws of Maryland (1939
Edition), but the power and authority hereby granted shall
be construed as an addition and supplementary to the
powers so granted by said Sections of said Article.