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Session Laws, 1941
Volume 582, Page 433   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 433

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Washington Suburban Sanitary District, cre-
ated by Chapter 122 of the Acts of the General Assembly of
Maryland of 1918, be and is hereby authorized and empowered
to issue its bonds in an amount not exceeding Two Million
Dollars (12, 000, 000. 00), which bonds shall be in addition to
any bonds authorized to be issued under said Chapter 122, or
any amendments thereof, and shall be registered or coupon
bonds, in such denominations as shall be determined by the
said Commission, and shall bear interest at a rate not exceed-
ing four (4) per cent per annum, payable semi-annually, and
shall be retired serially, the last bond to be retired not later
than forty (40) years from the date of issue. Said Com-
mission may offer for sale and issue said bonds, from time to
time, as its necessity requires. Said bonds shall be issued
under the same provisions, limitations and restrictions, appli-
cable to the bonds heretofore issued by said Commission under
the provisions of said Chapter 122, and shall be exempt from
all State, County and Municipal taxation. The said bonds
shall be guaranteed, as to the payment of principal and inter-
est, by the County Commissioners of both Montgomery and
Prince George's Counties, which guarantee shall be in the
form and under the provisions of Section 5 of said Chapter
122, or any amendment thereof. Said bonds shall not require
the approval of the Public Service, Commission of Maryland.

SEC. 2. And be It further enacted, That the proceeds of
said bonds shall be used for the purpose of enlarging, increas-
ing and augmenting the water supply of the area served by
said Commission, including the construction of any impound-
ing reservoir, filter plant or pumping station, and all the
necessary pipe lines and accessories appurtenant thereto.

SEC. 3. And be it -further enacted. That for the purpose
of retiring the bonds authorized to be issued by this Act, and
payment of the interest thereon, there shall be levied against
all of the assessable property within the Sanitary District, by
the County Commissioners of Montgomery and Prince
George's Counties, annually, so long as said bonds are out-
standing and not paid, a tax sufficient to meet the interest on
said bonds, and to pay the principal thereof as the said prin-
cipal and interest mature or become due; said tax to be de-
termined, levied, collected and paid over to the said Commis-
sion in the manner provided by Section 6 of said Chapter 122,
or any amendment thereof, and all of the provisions of said
Section 6 shall apply to the bonds issued hereunder.

SEC. 4. And be it -further enacted, That said Commission
shall annually determine the amount necessary to pay the

 

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Session Laws, 1941
Volume 582, Page 433   View pdf image (33K)   << PREVIOUS  NEXT >>


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