574 LAWS OF MARYLAND. [CH. 245

coupon bonds, in such denomination or denominations as shall
be determined by commission, shall bear interest not exceeding
5 per cent per annum, payable semi-annually, and shall mature
not exceeding thirty years from date of issue, and shall be
forever exempt from county taxation. They shall be issued
under the hand and seal of said commission and shall be guar-
anteed as to payment of principal and interest by the County
Commissioners of Anne Arundel County, which guaranty shall
be indorsed on each of said bonds in the following language:
"The payment of interest when due and of the principal at
maturity is guaranteed by Anne Arundel County, Maryland. "
Such endorsement shall be signed on each of said bonds by the
President and Secretary or Clerk of the Board of County Com-
missioners of said county, within twenty days after the bonds
are presented by said commission to them for indorsement.
And the County Commissioners of Anne Arundel County are
hereby authorized and directed to issue notes or certificates
not to exceed five thousand dollars pending the floating or
issuance of the bond issue. Any amounts advanced to the said
Sanitary Commission shall be refunded out of the moneys

derived from sale of the first bonds issued.

SEC. 6. And be it further enacted, That, for the purpose of
returning the bonds authorized to be issued by this Act and the
payment of the interest thereon, there shall be levied against
all the assessable property within each of the said sanitary dis-
tricts by the County Commissioners of Anne Arundel County
annually, so long as any of said bonds are outstanding and not
paid, a tax sufficient to meet the interest on said bonds as it
becomes due, and to pay the principal thereof as they mature,
said tax to be determined, levied, collected and paid over in
the following manner: At least thirty days before the tax
levying period of each year, the County Commissioners shall
certify to the Sanitary Commission the whole valuation of
assessable property within each, of the sanitary districts. Said
Sanitary Commission shall then determine the amount neces-
sary to be raised for the ensuing year for the payment of in-
terest and proportionate part of principal of all outstanding
bonds, the amount to be paid on the principal of said bonds in
any one year to be determined by the usual table of redemption
of bonds by annual deposit in a sinking fund on interest, and
after deducting all amounts in hand applicable to payment of
interest and principal on said bonds, as hereinafter provided,
it shall determine the number of cents per $100 necessary to
raise the said amount for each of said sanitary districts and