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Session Laws, 1951
Volume 603, Page 1127   View pdf image (33K)
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THEODORE R. MCKELDIN, GOVERNOR 1127

from time to time to issue its bonds in an amount not to ex-
ceed Two Million Dollars ($2, 000, 000) in such denominations
and for such terms, not exceeding forty years, (notwithstand-
ing any general or local law designating a shorter period),
and at such rate, not exceeding four percent (4%), as it may
determine, such bonds to be the general obligation of the Wash-
ington Suburban Sanitary District guaranteed by Prince
George's and Montgomery Counties as the construction bonds
of the Commission are now guaranteed under the provisions of
Chapter 122 of the Acts of 1918 and the amendments thereto.
This authorization is to be in addition to any bonds issued
and outstanding under the provisions of any other Act au-
thorizing the issuance of bonds by the Commission for storm
drainage construction. That for the purpose of paying the
principal of said bonds as they mature and the interest there-
on, the County Commissioners of Prince George's County and
the County Council of Montgomery County are directed to levy
annually upon all of the property assessed for county tax pur-
poses within the said Sanitary District, upon the certification
of the Washington Suburban Sanitary Commission an ad
valorem tax at a rate necessary to produce annually the sum
required to pay the principal and interest for the current year
on said bonds or any part thereof outstanding, which tax shall
be levied and collected as other Commission ad valorem taxes
are levied and collected and paid to said Commission. In the
event the first or second maturing interest payment on said
bonds becomes due before the levy and collection of the taxes
so authorized herein, the Commission may advance the interest
due at said first or second interest paying period out of the
proceeds of the sale of said bonds.

SEC. 2. AND BE IT FURTHER ENACTED, THAT THE
SAID COMMISSION SHALL PAY FROM THE PROCEEDS
OF THE SALE OF SAID BONDS, TO THE COUNTY COM-
MISSIONERS OF PRINCE GEORGE'S COUNTY, THE
SUM OF $52, 482. 10, REPRESENTING THE DRAINAGE
COST INCURRED IN RIVERDALE HEIGHTS SPECIAL
IMPROVEMENT DISTRICT NO. 4, IN PRINCE GEORGE'S
COUNTY, MARYLAND.

SEC. 3. And be it further enacted, That Chapter 94 of the
Act of the General Assembly of 1950 be and the same is hereby
repealed.

SEC. 4. And be it further enacted, That this Act is hereby
declared to be an emergency measure and necessary for the
immediate preservation of the public health and safety, and
having been passed by a yea and nay vote, supported by three-


 

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Session Laws, 1951
Volume 603, Page 1127   View pdf image (33K)
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