WM. PRESTON LANE, JR., GOVERNOR. 2089

after payment of costs of engraving and all other incidental
costs and expenses connected with the issuance of such bonds,
shall be used, either alone or in connection with any federal
funds which may be made available, for the construction and
establishment of sewerage and drainage systems in Mont-
gomery County outside of the Washington Suburban Sanitary
District.

SEC. 2. And be it further enacted, That said bonds shall
be issued in such denominations as shall be determined by
the said Board of County Commissioners and shall bear
interest at a rate to be determined by said Board of County
Commissioners, not in excess of four and one-half per cent
(4 1/2%) per annum, payable semi-annually. The dates of is-
suance, the portions of said bonds to be issued from time to
time at specified dates, and the time and place for the pay-
ment of said bonds and interest shall all be within the deter-
mination of said Board of County Commissioners, provided,
however, that the total amount of said bonds ultimately
issued shall not exceed the actual cost of constructing and
establishing the said sewerage and drainage systems. The
issue of said bonds must comply strictly with the provisions
of Sections 35 and 36 of Article 31 of the Annotated Code
of Maryland (1939 Edition), and such bonds shall be exempt
from all State, county and municipal taxation and shall
have printed on them a distinct reference to the Act authoriz-
ing their issuance.

SEC. 3. And be it further enacted, That the Board of
County Commissioners of Montgomery County be and it is
hereby authorized and directed to levy each year so long as
said bonds are outstanding and not paid a tax sufficient to
redeem the same at their maturity and to pay the interest
thereon. Said tax shall become a lien on the property as-
sessed and shall be collected in the same manner as other
taxes, the proceeds therefrom to be kept in a special fund
and in no case to be used for any other purpose. In case
such bonds shall be issued in any year after the making of the
regular levy for that year, then the said Board of County
Commissioners is authorized and directed to pay any and all
interest coming due before the next levy out of any funds at
its disposal and to levy at the next succeeding levy, to reim-
burse such other funds.

SEC. 4. And be it further enacted, That the Board of
County Commissioners of Montgomery County be and it is
hereby authorized and empowered to do all acts and things
necessary to issue and sell said bonds, to have the same regis-