THEODORE R. MCKELDIN, GOVERNOR 1769
fined by Chapter 374 of the Laws of Maryland of 1947 and
said Chapter 1, 23 of the Laws of Maryland of 1949.
The Commission is hereby authorized and empowered
from time to time during any fiscal year to borrow such
sums of money on promissory notes, to be known as Tax
Anticipation Certificates of Indebtedness to bear interest
at not exceeding six per centum (6%), per annum, to be
signed by the Chairman and the Secretary-Treasurer of
the Commission, as may be necessary to meet its adminis-
trative operating expenses within [Montgomery] either
County [under this sub-title, ] from any bank or institu-
tion or individual willing to lend the same, and from time
to time to issue and to renew its Tax Anticipation Certifi-
cates of Indebtedness for the same bearing interest at not
exceeding six per centum (6%) per annum, provided that
the total amount so borrowed and outstanding in any fiscal
year shall not exceed 75 per centum of the total proceeds
received by the Commission from the [4-cent] adminis-
trative tax levied and collected during the Commission's
preceding fiscal year within [Montgomery] such County
[either in the Maryland-Washington Metropolitan District
or in the Maryland-Washington Regional District as the
case may be]; and provided further, that all moneys so
borrowed within any fiscal year shall be repaid during the
next succeeding fiscal year from the proceeds of the [4-
cent] administrative tax received by the Commission from
such County in the fiscal year last mentioned.
As compensation for acting as District Council of Prince
George's County [; ] the members, the attorney, and the
clerk of the Board of County Commissioners of Prince
George's County shall each receive in addition to the com-
pensation now received by them the sum of Four Hundred
Dollars ($400. 00) per annum, payable monthly, which
amounts as to the Board of County Commissioners to the
extent of $200. 00 each per annum shall be paid from the
proceeds of the [three cents] administrative tax levied in
said county under the provision of this section, and as to
said Commissioners to the extent of $200. 00 each per an-
num from the general funds of said county, and as to the
Clerk and Attorney of the Board of County Commissioners
said sum of $400. 00 respectively, shall be paid to them from
the general funds of the County.
Any funds over and above that necessary for operating
and administrative purposes and any other funds not spe-
cifically pledged by law which heretofore or hereafter re-
main in the hands of the Commission may be used in the
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