1002 LAWS OF MARYLAND. [CH. 356
same shall not be sold at less than par and accrued interest.
All sums so borrowed shall be kept in a separate account to
be known as "The Street Improvement Account. " The sums
arising from the special assessments provided for in this sec-
tion shall constitute the primary fund for the payment of the
interest on and the retirement of said certificates of indebted-
ness and shall be applied in the manner hereinafter provided.
The payment of interest on and the retirement of said certifi-
cates of indebtedness shall be provided for in the following man-
ner. At least thirty (30) days before the regular annual levy
date the said County Commissioners in each year shall estimate
the amount necessary to pay the interest on all outstanding
certificates, for the ensuing year plus such amount as may be
necessary to retire all such certificates maturing during the
year for which the taxes are levied, or to provide a sinking fund
sufficient to retire all such certificates as they mature, and
shall levy annually against all the assessable property within
the said Montgomery County Suburban District such sum or
sums as may be necessary to raise such amount (less the sums
then in hand and to be received in each year from the said
special assessments provided for in this section, which said
sums shall, as aforesaid, be applied to and shall constitute the
primary fund for the payment of the interest on and the re-
tirement of said certificates of indebtedness); provided, that
in the event such sums so levied on the assessable property
within the said Montgomery County Suburban District shall
not be sufficient for the purposes aforesaid, then the said Coun-
ty Commissioners shall levy annually against all taxable prop-
erty in Montgomery County a sufficient sum to make up the
deficiency.
SEC. 2. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the immedi-
ate preservation of the public health and safety, and being
passed by a yea and nay vote supported by three-fifths of all
the members elected to each of the two Houses of the General
Assembly, the same shall take effect from the date of its pas-
sage.
Approved April 11, 1929.
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