712                                  LAWS OF MARYLAND                          [CH. 423

WITHIN ITS CORPORATE LIMITS SUBJECT TO ASSESSMENT
FOR UNLIMITED MUNICIPAL TAXATION, AD VALOREM
TAXES IN RATE AND AMOUNT SUFFICIENT IN EACH YEAR
IN WHICH ANY OF SAID BONDS ARE OUTSTANDING TO PRO-
VIDE FOR THE PAYMENT OF THE PRINCIPAL OF AND THE
INTEREST ON SUCH BONDS.

(C)   IF AT THE TIME OF ISSUANCE OF ANY SUCH BONDS
THERE SHALL BE A CHARTER OR STATUTORY LIMITATION
UPON THE POWER OF ANY SUCH MUNICIPAL CORPORATION
TO LEVY PROPERTY TAXES, THEN SUCH PLEDGE SHALL
CONSTITUTE A COVENANT ON THE PART OF SAID MUNICI-
PAL CORPORATION TO LEVY AD VALOREM TAXES AS ABOVE
DESCRIBED WITHIN THE LIMITATIONS SO PRESCRIBED BY
LAW.

(D)   NO CHARTER PROVISION OR STATUTE ADOPTED OR
ENACTED AFTER THE DATE OF ISSUE OF BONDS OF THE
TYPES DESCRIBED IN SUB-PARAGRAPHS (B) AND (C)
ABOVE, WHICH PLACES A MAXIMUM LIMIT ON THE RATE
AT WHICH PROPERTY TAXES MAY BE IMPOSED BY ANY
MUNICIPAL CORPORATION, OR WHICH REMOVES ANY SUCH
LIMIT THERETOFORE EXISTING, SHALL BE TAKEN OR CON-
STRUED AS IMPAIRING OR IN ANY MANNER AFFECTING
THE COVENANTS OF SAID MUNICIPAL CORPORATION WITH
RESPECT TO ITS BONDS OUTSTANDING AT THE TIME ANY
SUCH CHARTER PROVISION OR STATUTE SHALL BECOME
EFFECTIVE.

(E)   NO BONDS SHALL BE ISSUED BY A MUNICIPAL COR-
PORATION PURSUANT TO ITS CHARTER OR THE PROVISIONS
OF THIS SUB-HEADING, IF, BY THE ISSUANCE THEREOF,
EXISTING MAXIMUM LIMITS ON THE POWER OF SUCH
MUNICIPAL CORPORATION TO INCUR INDEBTEDNESS FIXED
BY THE CHARTER OF SAID MUNICIPAL CORPORATION OR
BY STATUTE, SHALL BE EXCEEDED, BUT NO SUCH MAXI-
MUM LIMITATION IMPOSED SUBSEQUENT TO THE ISSUE OF
ANY SUCH BONDS SHALL BE TAKEN OR CONSTRUED AS
IMPAIRING OR IN ANY MANNER AFFECTING THE OBLIGA-
TION THEREOF. NOR SHALL THE OBLIGATION OF ANY OUT-
STANDING BONDS OF A MUNICIPAL CORPORATION BE
TAKEN OR CONSTRUED AS HAVING BEEN IMPAIRED OR IN
ANY MANNER AFFECTED BY THE ISSUANCE OF BONDS
PURSUANT TO AN INCREASE IN SUCH MAXIMUM LIMITA-
TION ON THE POWER TO INCUR INDEBTEDNESS. OR THE
ELIMINATION OF SUCH MAXIMUM LIMITATION. ENACTED
SUBSEQUENT TO THE ISSUE OF SAID OUTSTANDING BONDS.

(F)   ANY SUCH MUNICIPAL CORPORATION MAY, IN ADDI-
TION TO THE PLEDGE OF ITS faITH AND CREDIT AND
TAXING POWER FOR THE PAYMENT OF THE PRINCIPAL OF
AND INTEREST ON ANY SUCH BONDS, SECURE SUCH PAY-
MENT BY THE ADDITIONAL PLEDGE THERETO OF ANY
OTHER REVENUES OF SAID MUNICIPAL CORPORATION, IN-
CLUDING PAYMENTS TO SAID MUNICIPAL CORPORATION
FROM THE STATE OR FEDERAL GOVERNMENTS AND
SPECIAL BENEFIT ASSESSMENTS, TAXES, FEES OR SERV-
ICE CHARGES WHICH SUCH MUNICIPAL CORPORATION IS