ALBERT C. RITCHIE, GOVERNOR. 85

ty, " subtitle "Health and Sanitation, " authorizing the Coun-
ty Commissioners of said county to create loans for the con-
struction of sewer systems and to sell certificates of indebted-
ness, instead of notes, as evidence of said loans, and provid-
ing for the payment of said certificates, principal and inter-
est, by taxation and by assessments imposed on the properties
benefited by such sewer systems.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Sections 288 and 289 of Offutt's Code of the Public
Local Laws of Baltimore County of the Edition of 1916, be
and the same are hereby repealed and re-enacted with amend-
ments so as to read as follows:

Section 288. That for the purpose of providing funds for
constructing and establishing any sewerage system petitioned
for under Section 287 the County Commissioners of Baltimore
County are hereby authorized and empowered to create loans
from time to time on the faith and credit of Baltimore County,
each loan to be in an amount equal to the aggregate of all the
assessments of benefits on the properties benefited by any such
sewer system, and to issue and sell certificates of indebtedness
of Baltimore County as evidence of any such loan, said certifi-
cates to be in good and sufficient form and to be in denomina-
tions of five hundred dollars ($500. 00) and multiples thereof,
and to be dated, to mature at such time or times and in such
amounts and to bear such rate of interest, payable at such
time or times, as the County Commissioners may determine,
said certificates to be signed by the President of said County
Commissioners and by the Treasurer of said County and to
have the corporate seal of Baltimore County affixed thereto,
and every such loan shall be given an appropriate name by said
County Commissioners with the word "sewerage" included
therein, and every such loan and every part thereof and the
interest payable thereon shall be and remain exempt from State,
county and municipal taxes; and all Acts or parts of Acts and
all laws or parts of laws, whether public, local or general laws
of the State of Maryland, inconsistent herewith, are repealed
to the extent of such inconsistency.

Section 289. That for the purpose of paying said cer-
tificates of indebtedness when and as they mature and for
the purpose of paying the interest thereon when and as the
same becomes due a tax of 1 per cent, of the assessed value of
all the property benefited by any such system as may have been