WM. PRESTON LANE, JR., GOVERNOR. 383

tables of bond values, excluding, however, from such computa-
tion 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
certain number of said bonds will mature in consecutive
annual serial installments. The City may provide by ordi-
nance the conditions upon which any bonds which shall be-
come mutilated 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 provide
for the payment of the principal and interest of said bonds as
and when the same respectively mature and are payable, the
City shall, in each year that any of said bonds are outstanding,
levy upon all property subject to assessment for taxation
within the corporate limits of the City, ad valorem taxes suffi-
cient in rate and amount to provide the moneys necessary to
pay said principal and interest 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 this Act is hereby
declared to be an emergency law and necessary for the imme-
diate preservation of the public health and safety, and having
been passed by a yea and nay vote, supported by three-fifths
of all the members elected to each of the two Houses of the
General Assembly of Maryland, the same shall take effect from
the date of its passage.

Approved March 29, 1947.

CHAPTER 260.
(House Bill 367)

AN ACT to repeal Section 1218 of the Prince George's County
Code (1943 Edition), being Article 17 of the Code of