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Session Laws, 1927
Volume 569, Page 987   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 987

SEC. 2. And be it further enacted, That the proceeds of
said bonds shall be used, first, to repay the construction fund
of said Commission such amounts as the Commission has
advanced for the actual operation and maintenance of its sys-
tems and for such amounts as it has advanced for the replace-
ments of pipe in the systems acquired by it and the amount so
refunded shall be used by said Commission for the purpose of
constructing water and sewer lines under the provisions of said
Acts of 1918. The remainder of the proceeds of said bonds
shall be used for the construction of water supply project known
as Burnt Mills Filter Plant and Pumping Station or any other
supply project the Commission determines to construct.

SEC. 3. And be it further enacted, That for the purpose
of retiring 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 the Sanitary District
by the 'County Commissioners of Montgomery and Prince
George's Counties, annually, so long as said bonds are out-
standing and not paid, a tax sufficient to meet the interest on
said bonds as it becomes due and to pay the principal thereof
at maturity said tax to be determined, levied, collected and paid
over to the said Commission in the manner provided by Section
Six of the said Chapter 122 of the Acts of 1918 and all of the
provisions of said Section Six shall apply to the bonds author-
ized to be issued hereunder.

SEC. 4. And be it further enacted, That the said Commis-
sion shall annually determine the amount necessary to pay the
interest on the outstanding bonds authorized to be issued by
this Act and to pay the proportion of principal whether said
bonds are issued serially or to mature at a single stated time,
and shall annually fix the water service charge at such a sum
as to produce in addition to the cost of such service to the
Commission an amount determined as necessary to pay the
principal and interest of said bonds. The sum so collected
annually from water service shall be deducted from the amount
which the Commission has determined to be necessary to be

raised by direct taxation upon certification to the County
Commissioners of said Counties.

SEC. 5. And be it further enacted, That this Act become
effective from the date of its passage.

Approved April 26, 1927.

 

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Session Laws, 1927
Volume 569, Page 987   View pdf image (33K)
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