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Session Laws, 1927
Volume 569, Page 845   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 845

tion of the District within Montgomery County and to pay
over to the Commission for the purposes set forth in Section
8 of this Act the difference between the amount collected
from said seven cent tax and the amount necessary to pay
the interest and principal on said bonds; and if no bonds are
issued then the whole amount collected from the said seven
cent tax shall be paid to the Commission and used for the
purposes hereinbefore set forth, provided that the moneys
collected from the tax on assessable property within that
portion of the District of Montgomery County, shall be ex-
pended within that portion of the District within Mont-
gomery County. Upon the affirmative vote of all of the
members of the Commission from Prince George's County
requesting such action, the County Commissioners of Prince
George's County may, within their discretion, in the first year

of such levy, and shall thereafter levy annually in the manner
provided in this Section against all assessable property within
that portion of the District located in Prince George's County
not to exceed in one year seven (7c) cents upon each one hun-
dred dollars ($100. 00) of assessed valuation of the assessable
property within that portion of the District located in Prince
George's County. Such tax shall be sufficient to pay the inter-
est on and retire at maturity such bonds as may be issued and
sold by the Commission, the proceeds of which are expended
within that portion of the District within Prince George's
County. All of the provisions of this Section with respect to
the method whereby such seven cent (7c) tax shall be deter-
mined, levied, collected and paid over and the money so re-
ceived, expended and invested with respect to Montgomery
County shall apply to the determination, levy, collection and
paying over of the tax and the expenditure and investment of
the money so received with respect to Prince George's County.
In the event that the amount necessary to be levied in any
year on the assessable property within that portion of the
District within Prince George's County to pay the principal
and interest on such bonds as may be issued does not require
a levy of seven cents on each $100. 00 of assessable property
then the County Commissioners of Prince George's County
are authorized and empowered upon the affirmative vote of all
of the members of the Commission from Prince George's
County, requesting such action, to levy a tax of not exceed-
ing seven cents on each $106 of assessable property within
that portion of the District within Prince George's County,
and to pay over to the Commission for the purposes set forth

 

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Session Laws, 1927
Volume 569, Page 845   View pdf image (33K)
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