1174                             LAWS OF MARYLAND                        [CH. 686

CHAPTER 686
(House Bill 727)

AN ACT to authorize the issuance of bonds of the Washington Sub-
urban Sanitary District in a sum not exceeding $2,000,000, for
constructing storm water or surface drainage systems in the
Washington Suburban Sanitary District, to provide for the pay-
ment of such bonds and the interest thereon by the levy of an ad
valorem tax, and specifying that said Sanitary District is not in-
cluded in the term "Municipal Corporation" in Article HE of the
Constitution.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That for the purpose of carrying out the provisions of Chapter 526 of
the Acts of the General Assembly of Maryland of 1943, as amended
by Chapter 917 of the Acts of the General Assembly of 1945, and
Chapter 732 of the Acts of 1947, the Washington Suburban Sanitary
Commission is empowered from time to time to issue under its hand
and seal bonds of the Washington Suburban Sanitary District in an
amount not to exceed Two Million Dollars ($2,000,000) in such
denominations and for such terms, not exceeding forty years (not-
withstanding any general or local law designating a shorter period),
and at such rate, not exceeding five per cent (5%) per annum, as it
may determine; which bonds shall be in addition to any bonds author-
ized under the provisions of any Act of the General Assembly of
Maryland authorizing the issuance of bonds by the Commission for
storm drainage construction. That 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 and the County
Council of Montgomery County are directed to levy annually upon
all of the property assessed for county tax purposes within the said
Sanitary District, upon the certification of the Washington Suburban
Sanitary Commission an ad valorem tax at a rate necessary to pro-
duce 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 AUTHORITY OF THIS ACT SHALL BE EXPENDED AS
FOLLOWS:

[See page image for strike-through]

FORTY PER
CENTUM (40%) THEREOF SHALL BE EXPENDED WITHIN
THE LIMITS OF PRINCE GEORGE'S COUNTY.

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.