THEODORE R. MCKELDIN, GOVERNOR 665
CHAPTER 355
(House Bill 580)
AN ACT to authorize the issuance of bonds of the Washing-
ton Suburban Sanitary District in an amount not exceed-
ing $1,350,000 $2,100,000 for the construction, enlarge-
ment or improvement of incinerators or other garbage or
refuse disposal facilities in said District, to provide that
said bonds shall be guaranteed as to payment of principal
and interest by the County Council of Montgomery
County and the County Commissioners of Prince George's
County, and to provide for the payment of such bonds
and the interest thereon.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That for the purpose of constructing, enlarging
or improving incinerators or other garbage or refuse dis-
posal facilities in the Washington Suburban Sanitary Dis-
trict, including the acquisition of necessary land and equip-
ment therefor or required in connection therewith, the
Washington Suburban Sanitary Commission is hereby au-
thorized and empowered to issue under its hand and seal
bonds of the Washington Suburban Sanitary District from
time to time in an aggregate principal amount not exceeding
One Million Two Hundred Fifty Thousand Dollars ($1,250,
000) TWO MILLION ONE HUNDRED THOUSAND
DOLLARS ($2,100,000). Said bonds shall be in such de-
nomination or denominations, shall bear interest at such
rate or rates, not exceeding five per centum (5%) per
annum, and shall mature at such time or times not exceed-
ing twenty (20) years from their date, as may be deter-
mined by the Commission, and said bonds shall be sold as
the general construction bonds of said Commission or Dis-
trict are now sold. Said bonds shall be forever exempt
from taxation by the State of Maryland and by the counties
and municipalities in said State. Said bonds shall be
guaranteed as to the payment of principal and interest by
the County Council of Montgomery County and the County
Commissioners of Prince George's County, which guarantee
shall be in the form and under the provisions of Section 5
of Chapter 122 of the Acts of the General Assembly of
Maryland of 1918 and any amendment thereof or any
section enacted in lieu thereof.
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EXPLANATION: Italics indicate new matter added to existing law.
[Brackets] indicate matter stricken from existing law,
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.
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