WM. PRESTON LANE, JR., GOVERNOR 373

said districts, requesting erosion prevention works, the County
Commissioners, acting as District Council for any of such
districts, are hereby authorized and empowered to construct
erosion prevention works in said districts to prevent erosion
by the Chesapeake Bay and tributaries, or by any other
stream or body of water in this State. The said County Com-
missioners, acting as District Council shall provide the neces-
sary engineering agency for the preparation of plans, specifi-
cations, contracts and supervision.

(b) For the purpose of providing funds for the purchases
and condemnations authorized by Section 168 hereof, for the
construction of erosion prevention works in or for any of said
Tawing and Assessment Districts, the said County Commis-
sioners, acting as District Council for the district in or for
which erosion prevention works are to be construed, is ARE
hereby authorized and empowered to borrow money upon the
faith and credit of the Taxing and Assessment District to be
so protected in such amount or amounts as it may deem neces-
sary to complete the construction of such erosion prevention
works in or for such Tawing and Assessment District. The
money so borrowed shall bear interest at a rate to be fixed by
said County Commissioners, not exceeding six per centum
per annum, payable semi-annually, and shall be secured by
notes, certificates of indebtedness or bonds issued by the
County Commissioners, acting as District Council for each
district to be so improved, upon the faith and credit of such
Taxing and Assessment District. Said notes, certificates of
indebtedness or bonds shall be and remain exempt from
State, county and municipal taxation. Said notes, certifi-
cates of indebtedness or bonds shall be made payable within
fifteen years after the issuance thereof. Said notes, certifi-
cates of indebtedness or bonds shall be issued under the hand
and seal of the County Commissioners, acting as District
Council for the district for which said notes, certificates of
indebtedness or bonds are issued, and said bonds, only,
shall be guaranteed as to the payment of principal and inter-
est by the County Commissioners of the County, which
guaranty shall be endorsed on each of said bonds in the fol-
lowing language: "The payment of interest when due and the
principal at maturity is guaranteed by ............ County,

Maryland." Such endorsement shall be signed on each of said
bonds by the president and attested by the clerk, of the
Board of County Commissioners of said county, and its cor-
porate seal thereto affixed, within twenty days after said
bonds are ready for endorsement.

(c) The said notes, certificates of indebtedness or bonds
shall be issued so as to mature serially and at such times as