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Session Laws, 1929
Volume 572, Page 843   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 843

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 Mont-
gomery County, shall be expended within that portion of the
district within Montgomery County. Upon the affirmative
vote of all of the members of the Commission from Prince
George's County requesting such action, the County Commis-
sioners of Prince George's County may, within their discre-
tion, in the first year of such levy, and shall thereafter levy
annually in the manner provided in this section against ail
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 hundred 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 interest on and retire at maturity such
bonds as may be issued and sold by the Commission, the pro-
ceeds 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 determined, levied, collected and paid over
and the money so received, 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 prin-
cipal 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
exceeding seven cents on each $100. 00 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 in Section 8 of this Act the difference between the
amount collected from said tax not exceeding; seven cents on


 

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Session Laws, 1929
Volume 572, Page 843   View pdf image (33K)
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