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Session Laws, 1931
Volume 580, Page 796   View pdf image (33K)
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796                        LAWS OF MARYLAND.                  [CH. 313

sewerage system therein, the Commission shall cause to be
levied against all assessable property within said sanitary dis-
tricts in respect of which said bonds may have been issued by
the County Commissioners of Anne Arundel County annually
so long as any of said bonds are outstanding and not paid, a
tax sufficient to provide such sum, if any, as the Commission
may deem sufficient and necessary, in conjunction with any
amounts to its credit in the current interest and sinking fund
account provided for in Section 436 of this sub-title plus such
additional amount as the Commission may estimate that it
will be able to collect out of the benefit assessments therefor
levied by it but not yet paid and any other funds then available
for the purpose, to meet the interest on said bonds as it be-
comes due and to pay the principal thereof as the bonds ma-
ture, and said tax shall be determined, levied, collected and
paid over in the manner following; that is to say, at least sixty
days before the tax levying period of each year, the County
Commissioners shall certify to the Sanitary Commission the
whole valuation of the assessable property within each sani-
tary district. The Commission shall then determine in the
manner above prescribed the amount which it deems necessary
to be raised during the ensuing year for the payment of interest
and the proportionate part of principal of all outstanding
bonds and the amounts to be paid into the sinking fund for
said bonds in any one year to be determined by the usual table
of redemption of bonds by annual deposit in a sinking fund
on interest, and after deducting all amounts in hand or in con-
templation applicable to payments of interest and principal
on said bonds as hereinbefore and hereinafter in the Act pro-
vided, it shall determine the number of cents per $100. 00 nec-
essary to raise the said amount for each sanitary district and
shall certify the same to the Board of County Commissioners.
The said County Commissioners in their next annual levy shall
levy said tax on all land and improvements and all other prop-
erty assessed for county tax purposes within the respective
sanitary district, which tax shall be levied and collected and
have the same priority right, bear the same interest and penal-
ties and in every respect be treated the same as county taxes.
The tax so levied for the ensuing year shall be collected by
tax collecting authorities and every sixty days they shall remit
the whole amount of the tax so collected to the Commission.
From the money so received, together with the amount in hand
to the credit of said bond fund, the Commission shall first pay

 

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Session Laws, 1931
Volume 580, Page 796   View pdf image (33K)
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