1290 LAWS OF MARYLAND. [CH. 641

water courses, water rights or other property, either within or
outside of the municipality, either in fee or as an easement, for
the construction, establishment, extension, alteration, main-
tenance or operation of any part or appurtenance of said water
supply, sewerage, drainage or refuse disposal system, this to be
done by the purchase of the same from the owner or owners,
or upon the failure to agree, by the condemnation of the same by
proceedings in the Circuit Court for the County in which the
said land, structures, water courses, water rights or property
are located, as- now provided for condemnation of land by
Public Service Corporations in Article 33A of the Code of Public
General Laws of Maryland, and said authorities may at the
same time condemn the interest of any tenant, lessee or other
person having an interest in said property. At any time after
ten days after the return and recordation of the verdict and
award in said proceedings, the said authorities may enter upon
and take possession of said property so condemned, upon first
paying to the Clerk of the Court the amount of said award, and
all costs and taxes to date, notwithstanding any appeal or
further proceeding upon the part of the defendant. At the
time of said payment, however, it shall give its corporate under-
taking to abide by and fulfill any judgment on such appeal or
further proceedings.

348-C. For the purpose of providing funds for the design,,
construction, establishment, purchase or condemnation of any
water supply, sewerage, drainage or refuse disposal system,
said municipal authorities are authorized and empowered to
issue bonds from time to time in such amounts as they may
deem necessary to carry on said work, or any part of it; pro-
vided, however, that at no time shall the amount of outstanding
bonds so issued be more than five (5) per cent, of the aggregate
assessed valuation of all property listed and assessed for taxation
in such municipality. Said bonds may be issued without pre-
vious legislative authority and the amounts of said bonds out-
standing at any time may be in addition to the total indebtedness
otherwise permitted by law. Bonds issued under this section
may be of such type and denomination and may bear such rate
of interest, not exceeding five (5) per cent, per annum, as said
authorities issuing them may determine upon, provided that no
bonds shall be issued maturing at a period exceeding fifty years
from the date of issue. Said Bonds shall be forever exempt
from State, county or municipal taxation. They shall be a lien
upon all property within the jurisdiction issuing them.

348-D. For the purpose of retiring the bonds issued under
this Act, and of paying interest thereon, there shall be levied
against all of the assessable property within the municipality