704 LAWS OF MARYLAND [CH. 374

Commission is empowered from time to time to issue under
its hand and seal bonds of the Washington Suburban Sani-
tary District in an amount not to exceed Two Million Dol-
lars ($2,000,000) in such denominations and for such
terms, not exceeding forty years, (notwithstanding any
general or local law designating a shorter period), and at
such rate, not exceeding five percent (5%) per annum,
as it may determine; such bonds to 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 in the form and under the pro-
visions of Section 5 of Chapter 122 of the Acts of the
General Assembly of Maryland of 1918 and any amend-
ment thereof or any section enacted in lieu thereof. 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 pay-
ing the principal of said bonds as they mature and the
interest thereon, the County Commissioners of Prince
George's County and the County Council of Montgomery
County are directed to levy annually upon all of the prop-
erty assessed for county tax purposes within the said Sani-
tary District, upon the certification of the Washington Sub-
urban 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. Said
bonds shall be forever exempt from taxation by the State
of Maryland and by the Counties and municipalities in said
State. The proceeds of any bonds issued under the au-
thority of this Act shall be expended as follows: at least
sixty per centum (60%) thereof shall be expended within
the limits of Montgomery County and not more than forty
per centum (40%) thereof shall be expended within the
limits of Prince George's County.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1953.

Approved April 6, 1953.