1182 LAWS OF MARYLAND. [CH. 679
CHAPTER 679.
(House Bill 748)

AN ACT authorizing and directing the Board of County Com-
missioners of Prince George's County to issue general obli-
gation bonds of the County in a sum not exceeding Eight
Hundred Thousand Dollars ($800, 000) for the purpose of
making general improvements in the Metropolitan District
of said County, as defined in this Act; to provide for the
repayment of said bonds and the interest thereon by a gen-
eral tax levy against all of taxable property within said
Metropolitan District; and to provide for the manner of
the expenditures of the proceeds of said bonds.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Board of County Commissioners of Prince
George's County are hereby authorized and directed to issue
general obligation bonds of said County in an amount not
exceeding Eight Hundred Thousand Dollars ($800, 000), pro-
rated annually over the calendar years 1941 and 1942, pro-
vided, said Commissioners may issue and sell not less than
Three Hundred Thousand Dollars ($300, 000) or more than Five
Hundred Thousand Dollars ($500, 000) in any one year; and
may issue and sell all or any part of the bonds to be issued
for any one calendar year in one or more public offerings;
said bonds shall bear interest at a rate not exceeding three
(3) per cent, payable semi-annually; shall mature serially
over a period of twenty-five (25) years, the amounts of ma-
turities to be fixed by said Commissioners, provided, not
more than Three (3) per cent of the total of any one issue
shall mature, annually, within the first five (5) years; said
bonds shall be the general obligations of Prince George's
County, exempt from State, County and Municipal taxation
within the State of Maryland, and in such form as may be
adopted or prescribed by said Board of County Commission-
ers. The said County Commissioners shall levy, annually, at
the time taxes are levied for general County purposes, a tax
upon all of the property assessed for County tax purposes
within the Metropolitan District, as hereinafter defined, in
an amount sufficient to meet the principal and interest on
said bonds so long as any of them shall be outstanding, pro-
vided, however, that if the interest matures on any one or
more of said issues before the annual levy, or before a sufficient
amount of taxes levied for the purpose of paying said interest
is collected, the said County Commissioners may pay said in-
terest out of the proceeds of the sale of said issue or issues.
The Metropolitan District is defined, for the purpose of levy-