THEODORE R. MCKELDIN, GOVERNOR 989

AFTER PROVIDED FOR FINANCING SAID FLOOD
CONTROL AND NAVIGATION PROJECTS.

(1) THE COUNTY COMMISSIONERS OF PRINCE
GEORGE'S COUNTY ARE AUTHORIZED AND DI-
RECTED TO ISSUE BONDS IN AN AMOUNT NOT
EXCEEDING $1, 500, 000 IN SUCH DENOMINATIONS
AND FOR SUCH TERMS, NOT EXCEEDING FORTY
YEARS, AND AT SUCH RATES, NOT EXCEEDING
FOUR PER CENT (4%), AS IT MAY DETERMINE,
SUCH BONDS TO BE THE GENERAL OBLIGATION OF
PRINCE GEORGE'S COUNTY. FOR THE PURPOSE
OF PAYING THE PRINCIPAL OF SAID BONDS AS
THEY MATURE AND THE INTEREST THEREON,
THE COMMISSIONERS OF PRINCE GEORGE'S COUN-
TY SHALL LEVY ANNUALLY UPON ALL OF THE
PROPERTY ASSESSED FOR COUNTY TAX PUR-
POSES AN AD VALOREM TAX AT A RATE NECES-
SARY TO PRODUCE ANNUALLY THE SUM REQUIR-
ED TO PAY THE PRINCIPAL AND INTEREST FOR
THE CURRENT YEAR.

(2) The Washington Suburban Sanitary Commission is
authorized AND DIRECTED to issue its bonds in an
amount not exceeding [$500, 000] $750, 000 in such denomi-
nations and for such terms, not exceeding forty years, and
at such rate, not exceeding four per cent (4%), as it may
determine, such bonds to be the general obligation of the
Washington Suburban Sanitary District, guaranteed as to
both principal and interest by the County Commissioners of
Prince George's County only; the County Commissioners of
Prince George's County are hereby authorized and directed
to guarantee said bonds in substantially the manner and
form of the guarantee of the construction bonds of said
Commission. Such guarantee shall operate as a pledge of
the full faith and credit of the County Commissioners of
Prince George's County to the payment of the maturing
principal and interest of said bonds and, to the extent that
the taxes hereinafter in this sub-section provided for are in-
adequate to provide the funds necessary to pay such princi-
pal and interest in any year, said County Commissioners
shall levy upon all property subject to taxation within its
corporate limits ad valorem taxes in rate and amount suf-
ficient to make up any such deficiency. For the purpose of
paying the principal of said bonds as they mature and the
interest thereon, the County Commissioners of Prince
George's County are directed to levy annually upon all of
the property assessed for county tax purposes within the