670 LAWS OF MARYLAND [CH. 357

County or by the Board of County Commissioners of
Prince George's County or either of their duly authorized
agents at any time.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 5 of the Acts of the General As-
sembly of Maryland of 1918, as amended, (being Section
1287 of the Code of Public Local Laws of Montgomery
County (1947 Edition), being Section 130-22 of the Mont-
gomery County Code (1950 Edition), being Article 16 of
the Code of Public Local Laws of Maryland, title "Mont-
gomery County", sub-title "Washington Suburban Sanitary
District", and Section 1424 of the Code of Public Local
Laws of Prince George's County (1943 Edition), being
Article 17 of the Code of Public Local Laws of Maryland,
title "Prince George's County", sub-title "Washington
Suburban Sanitary District",) said section having been
amended by Chapter 385 of the Acts of 1951, be and it is
hereby repealed and re-enacted with amendments to read
as follows:

5(1287) (130-22) (1424). (a) For the purpose of pro-
viding funds for the design, construction, reconstruction,
establishment, extension, enlargement, purchase or con-
demnation of the water, sewerage and drainage systems in
the Sanitary District, or in any other areas where extension
of any of the aforementioned systems may be authorized
by law, said Commission is authorized and empowered to
issue bonds of the Sanitary District, from time to time,
in such amounts as it may deem necessary to carry on its
work, but the aggregate amount of bonds heretofore or
hereafter issued under this section which may be out-
standing at any time, less the amount held in the joint
sinking fund account for the payment of the principal of
said bonds, shall not exceed fourteen per centum (14%) of
the total assessable basis of all property assessed for county
taxation purposes within the Sanitary District; provided,
however, that in computing the amount of bonds which
may be issued under this section, there shall not be included
any bonds heretofore or hereafter issued for the payment
of which the Commission is required by law to fix and
collect water service charges at least sufficient to pay the
principal and interest requirements of such bonds. Bonds
hereafter issued under the authority of this section shall
be serial bonds with the principal of any given issue pay-
able annually, commencing not more than three years from
the date of the bonds. The bonds may be either registered
or coupon bonds, or registerable as to principal with in-