ALBERT C. RITCHIE, GOVERNOR.                  795

Arundel County, who shall review after due notice and hear-
ing the Commission's decision and decide as to the necessity
and propriety of the improvement contemplated and whether
the district can stand the cost of the same; and the decision
of the County Commissioners shall be final.

429.    For the purpose of providing funds for the design,,
construction, establishment, purchase or condemnation of the
water supply, sewerage and drainage systems in any of the
sanitary districts, said Commission is authorized and empow-
ered to issue bonds, from time to time upon the faith and
credit of Anne Arundel County, in such amounts as it may
deem to be necessary to carry on its work, but at no time shall
the total issue of bonds in any sanitary district for all pur-
poses under this Act exceed twelve and one-half per centum of
the total value of the property assessed for county taxation pur-
poses within said sanitary district. Said bonds shall either
be registered or coupon bonds in such denominations as shall
be determined by the Commission, shall bear interest at a rate
not exceeding five per centum per annum, payable semi-annu-
ally, and shall mature in not more than thirty years after date
of issue and shall be forever exempt from State, city and coun-
ty taxation. They shall be issued under the signature and
seal of the Commission and shall be guaranteed as to payment
of principal and interest by the County Commissioners of Anne
Arundel County, which guarantee shall be endorsed on each of
said bonds in the following language: "The payment of in-
terest when due and the principal at maturity is guaranteed
by Anne Arundel County, Maryland, " Such endorsement shall
be signed on each of said bonds by the president and by the
clerk of the Board of County Commissioners of said county
within ten days after the bonds are presented by the Commis-
sion to them for endorsement. At any time prior to the issu-
ance of any such bonds the County Commissioners are hereby
authorized and directed to loan to the Commission or any
person, bank or corporation may loan to said Commission on
notes or other evidence of indebtedness a sum not exceeding
five thousand ($5, 000. 00) dollars, which shall be repaid out
of the first available moneys derived from the sale of the first
bonds issued thereafter.

430.    For the purpose of retiring the bonds authorized by
this Act to be issued and of paying the interest thereon, or in
connection with the water supply or the water, drainage or