Theodore R. McKeldin, Governor                    1437

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.

(b)  The proceeds of such bonds shall be used solely for the pay-
ment of the cost of the project or projects on account of which such
bonds are issued and shall be disbursed in such manner and under
such restrictions, if any, as the Commission may provide in the
authorizing resolution. If the proceeds of such bonds, by error of
estimates or otherwise, shall be less than such cost, additional bonds
may in like manner be issued to provide the amount of such deficit,
and, unless otherwise provided in the authorizing resolution shall be
deemed to be of the same issue and shall be entitled to payment from
the same fund without preference or priority of the bonds first issued
for the same purpose. If the proceeds of the bonds of any issue shall
exceed the amount required for the purpose for which such bonds
shall have been issued, the surplus shall be used for the retirement
of bonds of such issue, as in the authorizing resolution provides.

(c)  Prior to the preparation of definitive bonds, the Commission
may, under like restrictions, issue interim receipts or temporary
bonds, with or without coupons exchangeable for definitive bonds
when such bonds have been executed and are available for delivery.
The Commission may also provide for the replacement of any bonds
which shall become mutilated or be destroyed or lost. Bonds may be
issued under the provisions of this sub-title without obtaining the
approval or consent of any department, division, commission, board,
bureau or agency of the State of Maryland, and without any other
proceeding or the happening of any other condition or thing than
those proceedings, conditions or things which are specifically required
by this sub-title. The provisions of Sections 32 to 34, inclusive, of
Article 31 of the Annotated Code of Maryland, 1951 Edition, as
amended, shall not apply to bonds issued under the provisions of
this sub-title.

587.  No District shall be required to pay any taxes or assessments
upon any project acquired, constructed or operated by it under the
provisions of this sub-title or upon the income therefrom, and the
bonds issued under the provisions of this sub-title, their transfer and
the income therefrom (including any profit made on the sale thereof)
shall at all times be free from taxation by the State of Maryland or
any of its political sub-divisions, or by any town or incorporated
municipality or any other public agency within the State.

588.   Whenever the plans and specifications for water supply,
sewerage or drainage systems for any sanitary district shall have
been completed and the Commission shall have decided, after oppor-
tunity for a hearing has been given, to proceed with the construction
thereof, it shall advertise, by notice in one newspaper published, or
of general circulation, in the county where the district is located and
such newspapers and technical press as it may deem proper, for bids
for the construction of said system or systems, in part or as a whole,
as in its judgment may appear advisable. The contract shall be let
to the lowest responsible bidder, or the Commission may reject any
and all bids, and, if in its discretion the prices quoted are unreason-
able or unbalanced, it may re-advertise the work or any part of it
or may do any part or all of the work by day labor; provided that
at any time the Commission may, in its discretion expend for con-