350                               LAWS OF MARYLAND                        [CH. 243

PRICE, AS IT MAY DETERMINE TO BE FOR THE BEST INTER-
ESTS OF THE COMMISSION AND THE DISTRICT TO BE
SERVED THEREBY, BUT NO SUCH SALE SHALL BE MADE
AT A PRICE SO LOW AS TO REQUIRE THE PAYMENT OF
INTEREST ON THE MONEY RECEIVED THEREFOR AT MORE
THAN FIVE PER CENTUM PER ANNUM, COMPUTED WITH
RELATION TO THE ABSOLUTE MATURITY OF THE BONDS
IN ACCORDANCE WITH STANDARD TABLES OF BOND
VALUES, EXCLUDING, HOWEVER, FROM SUCH COMPUTA-
TION THE AMOUNT OF ANY PREMIUM TO BE PAID ON THE
REDEMPTION OF ANY BONDS PRIOR TO MATURITY. AT
ANY TIME PRIOR TO THE ISSUANCE OF ANY SUCH BONDS
THE COUNTY COMMISSIONERS ARE HEREBY AUTHORIZED
AND DIRECTED TO FURNISH TO THE COMMISSION A SUM
NOT EXCEEDING FIVE THOUSAND DOLLARS ($5,000.00),
WHICH SHALL BE REPAID OUT OF THE FIRST AVAILABLE
MONEYS DERIVED FROM THE SALE OF THE FIRST BONDS
ISSUED, IF ANY.

428. for the purpose of retiring the bonds authorized to be issued
by this sub-title and of paying the interest thereon, the Commission
shall cause to be levied, against all assessable property within said
sanitary districts for which said bonds have been issued, by the said
Commissioners annually so long as any of said bonds are outstanding
and not paid, a tax sufficient to provide such sum as the Commission
may deem sufficient and necessary, in conjunction with any amounts
as the Commission may estimate that it will be able to collect out of
the benefit assessments therefor levied by it but not yet paid and any
further funds then available for the purpose, to meet the interest on
said bonds as it becomes due and to pay the principal thereof as the
bonds mature, and said tax shall be determined, levied, collected and
paid over in the manner following, that is to say, at least sixty (60)
days before the tax levying period of each year, the County Commis-
sioners shall certify to the Commission the whole valuation of the
assessable property within each sanitary district. The Commission
shall then determine in the manner above prescribed the amount
which it deems necessary to be raised during the ensuing year for
the payment of interest and principal of all serial bonds maturing
in said year, and after deducting all amounts in hand or in contempla-
tion applicable to payments of interest and principal on said bonds
as hereinbefore and hereinafter in the sub-title provided; it shall
determine the number of cents per One Hundred Dollars ($100.00)
necessary to raise the said amount for each such sanitary district
and shall certify the same to the Board of County Commissioners.
The said County Commissioners in their next annual levy shall levy
said tax on all land and improvements and all other property assessed
for county tax purposes within the respective sanitary district, which
tax shall be levied and collected and have the same priority rights,
bear the same interest and penalties and in every respect be treated
the same as county taxes. The tax so levied for the ensuing year
shall be collected by the tax collecting authorities and placed in the
joint Sinking Fund of the County Commissioners and the Commis-
sion as provided in Section 421 hereof. From the money so received,
together with the amount in hand to the credit of said bond fund,
the County Commissioners and the Commission shall first pay all
interest and principal on said bonds as it becomes due, and the