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Session Laws, 1931
Volume 580, Page 212   View pdf image (33K)
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212                         LAWS OF MARYLAND.                 [CH. 104

its corporate undertaking to abide by and fulfill any judgment
on such appeal or further proceedings.

SEC. 4. And be it further enacted, That as soon after organ-
ization as possible, this Commission shall cause surveys, plans,
specifications and estimates to be made for sewerage and drain-
age systems, and treatment works other than those sewers used
exclusively as lateral and sub-main sewers, in those portions of
the Sewerage District where, in its judgment, main or trunk
sewers, intercepting sewers, pumping plants and treatment
works in which, in its judgment, such systems, or any of them
are necessary, and shall promote convenience and economy of
installation and operation. Whenever, and as, plans are com-
pleted in those sections most needing service, the Commission
shall give notice, by publication in one or more newspapers
published in Annapolis, that said improvements are contem-
plated and shall state the probable cost thereof, that plans of
same may be seen at its office, and that at a time specified in
said notice, any persons interested in said improvements will
be heard. Said Commission may, however, without notice
make such connections of sewer lines as may be deemed neces-
sary for the immediate relief of any community.

SEC. 5. And be it further enacted, That for the purpose of
providing funds for the design, construction, establishment,
maintenance, purchase or condemnation of the sewerage and
drainage systems and treatment plants in the Sewerage Dis-
trict, as described in Section 4 in the Sewerage District, said
Commission is authorized and empower to issue bonds, from
time to time, in such amount as may be necessary to carry out
said purpose, but at no time shall the total issue of bonds for
any purpose, under this Act, exceed five per centum of the total
assessable basis of property assessed for county taxation pur-
poses within said Sewerage District; said bonds shall be either
registered or coupon bonds, in such denomination or denomina-
tions as shall be determined by the Commission, shall bear inter-
est not exceeding 5 per cent, per annum, payable semi-annually,
and shall mature not exceeding fifty years from the date of issu-
ance, or shall be on the serial annuity plan as determined by
said Commission. Said bonds shall be forever exempt from
state, county and municipal taxation. They shall be issued
under the hand and seal of said Commission and shall be guar-
anteed as to payment of principal and interest by the Mayor,
Counsellor and Aldermen of the City of Annapolis and by the

 

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Session Laws, 1931
Volume 580, Page 212   View pdf image (33K)
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