1020 LAWS OF MARYLAND [CH. 323

event of a deficiency, by an ad valorem tax levy upon all
property within the corporate limits of said County sub-
ject to, assessment at the full County taxation rate; 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 Maryland,
That the Board of County Commissioners of Prince
George's County is hereby authorized to issue general ob-
ligation bonds of said County in an amount not exceeding
Five Hundred Thousand Dollars ($500, 000) and said
Board of County Commissioners may issue and sell said
bonds, in whole or in part, at such time or times as said
Commissioners, in their discretion, shall determine. Said
bonds shall bear interest at a rate not exceeding four per
cent (4%) per annum, payable semi-annually, shall ma-
ture serially over a period of twenty-five (25) years from
date of issue, the amount of maturities to be fixed by said
Commissioners, provided, not more than three (3) per
cent of the total of said issue shall mature annually, with-
in the first five (5) years, and said bonds shall be the gen-
eral obligations of Prince George's County, exempt from
State, County and municipal taxation of every kind and
nature whatsoever within the State of Maryland, as to
both principal and interest in the hands of the person or
persons entitled thereto from time to time, and said bonds
shall be in such form as may be adopted or prescribed by
the Board of County Commissioners. 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 that
portion of Prince George's County lying within the Mary-
land-Washington Metropolitan District, as hereinafter de-
fined, in an amount sufficient to meet the principal and in-
terest on said bonds so long as any of them shall be out-
standing; provided, 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 pur-
pose of paying said interest is collected, the said County
Commissioners may pay said interest out of the proceeds
of the sale of said issue or issues. The Prince George's
County portion of the Maryland-Washington Metropolitan
District is defined, for the purpose of levying the taxes re-
quired herein to be levied and for making the improve-
ments herein authorized, as all of that part of Prince
George's County defined as the Maryland-Washington
Metropolitan District, in Chapter 1008 of the Acts of
1943 of the General Assembly of Maryland, and said taxes