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Session Laws, 1927
Volume 569, Page 986   View pdf image (33K)
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986 LAWS OF MARYLAND. [CH. 507

manner as other debts are collectible in the respective coun-
ties.

SEC. 2. And be it further enacted, That this Act shall take
effect from the date of its passage.

Approved April 26, 1927.

CHAPTER 507.

AN ACT to authorize the Washington Suburban Sanitary
Commission to issue its bonds, guaranteed by the Commis-
sioners of Montgomery and Prince George's Counties, in an
amount not exceeding five hundred thousand dollars, ($500, -
000. 00), and to provide for the payment thereof.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Washington Suburban Sanitary Commis-
sion created by Chapter 122 of the Acts of the General Assem-
bly of Maryland of 1918 be and is hereby authorized and
empowered to issue its bonds in an amount not exceeding
five hundred thousand dollars, ($500, 000. 00), which bonds
shall be in addition to any bonds authorized to be issued under
said Chapter 122 of the Acts of 1918 or any amendment there-
of, and shall be registered or coupon bonds in such denomina-
tions as shall be determined by the said Commission and shall
bear interest at a rate not exceeding five per centum per annum,
payable semi-annually and shall mature not exceeding fifty
years from the date of issue or may be retired serially as said
Commission may determine. Said bonds shall be issued
under the same provisions, limitations and restrictions appli-
cable to the bonds heretofore issued by said Commission under

the provisions of Chapter 122 of the Acts of 1918, and shall
be exempt from State, County and Municipal taxation.
The said bonds shall be guaranteed as to the payment and
principal and interest by the County Commissioners of
both Montgomery and Prince George's Counties, which guar-
antee shall be in the form and under the provisions of Section
Five of said Chapter 122 of the Acts of 1918. Said bonds
shall not require the approval of the Public Service Commis-
sion of Maryland. The said bonds shall be issued at such
times and in such amounts as the Washington Suburban Sani-
tary Commission may determine.

 

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Session Laws, 1927
Volume 569, Page 986   View pdf image (33K)
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