782 LAWS OF MARYLAND. [CH. 455

being payable as to principal and interest primarily from un-
limited ad valorem taxes which said municipality is authorized
and empowered by said Act to levy upon all assessable prop-
erty within the corporate limits of said municipality notwith-
standing any limitation on the taxing power thereof contained
in any other law.

SEC. 3. And be it further enacted, That this Act shall take
effect June 1, 1947.

Approved April 16, 1947.

CHAPTER 455.
(House Bill 718)

AN ACT authorizing and directing the Board of County Com-
missioners of Prince George's County to issue general
obligation bonds of the County in a sum not exceeding
One Million Dollars ($1,000,000) for the purpose of making
general improvements in that portion of Prince George's
County lying wtihin the Maryland-Washington Metropoli-
tan District of said County, as defined in this Act; to pro-
vide for the repayment of said bonds and the interest
thereon by a general tax levy against all of the taxable
property within said Metropolitan District; and to provide
for the manner of the expenditures of the proceeds of said
bonds.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Board of County Commissioners of Prince
George's County is hereby authorized and directed to issue
general obligation bonds of said County in an amount not
exceeding One Million Dollars ($1,000,000) and said County
Commissioners may issue and sell said bonds, in whole or in
part at such time or times as said Commissioners, in their dis-
cretion, shall determine. Said bonds shall bear interest at a rate
not exceeding three percent (3%) payable semi-annually, shall
mature serially over a period of twenty-five (25) years from
date of issue, the amount of maturities to be fixed by said
Commissioners, provided, not more than three per cent (3%)
of the total of any one issue shall mature, annually, within
the first five (5) years said bonds shall be the general obliga-
tions of Prince George's County, exempt from State, County
and Municipal taxation within the State of Maryland, and in
such form as may be adopted or prescribed by said Board of