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Session Laws, 1957
Volume 640, Page 344   View pdf image (33K)
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344                               Laws of Maryland                        [Ch. 271

for enlarging, increasing and augmenting the water supply and
major distribution facilities of said District; to provide that said
bonds shall be guaranteed as to payment of principal and interest
by the County Council of Montgomery County and the County
Commissioners of Prince George's County; to provide for the pay-
ment of said bonds and the interest thereon; and to provide for the
ratification and confirmation of any guarantee made by the County
Council of Montgomery County and the County Commissioners of
Prince George's County of any water supply bonds of the Wash-
ington Suburban Sanitary District heretofore issued.

Section 1. Be it enacted by the General Assembly of Maryland,

That the Washington Suburban Sanitary Commission, created by
Chapter 122, of the Acts of the General Assembly of Maryland of
1918, be and it is hereby authorized and empowered to issue bonds of
said Sanitary District in an aggregate principal amount not exceed-
ing Twelve Million Dollars ($12,000,000), which bonds shall be in ad-
dition to any bonds authorized to be issued under said Chapter 122,
or any amendments thereof, or under any other Act of the General
Assembly of Maryland, and shall be registered as coupon bonds, in
such denomination or denominations as shall be determined by said
Commission, and shall bear interest at a rate or rates not exceeding
five per centum (5%) per annum, payable semi-annually, and shall be
retired serially, the last bond to be retired not later than forty (40)
years from the date of issue. Said Commission may offer for sale
and issue such bonds, from time to time, as its necessity requires.
Said bonds shall be executed and issued under the same provisions,
limitations and restrictions, applicable to the bonds heretofore issued
by said Commission under the provisions of said Chapter 122, as
amended, except that the said bonds shall not be subject to the limita-
tion in said Chapter 122, as amended, on the amount of bonds that
may be issued and shall not be included in computing the amount of
bonds that may be issued under said Chapter 122, as amended, and
said bonds shall be forever exempt from taxation by the State of
Maryland and by the counties and municipalities in said State. The
said bonds shall be guaranteed, as to the payment of principal and
interest, by the County Council and by the County Commissioners, of
both Montgomery and Prince George's Counties, which guarantee
shall be in the form and under the provisions of Section 5 of said
Chapter 122, or any amendment thereof or any section enacted in
lieu thereof. The Commission may, however, at its option, waive the
guarantee of the counties herein prescribed and waive the certifica-
tion of an ad
valorem tax as hereinafter prescribed.

Sec. 2. And be it further enacted, That the proceeds of said bonds
shall be used for the purpose of enlarging, increasing and augmenting
the water supply of the area served by said Commission, including
the construction or enlargement of any impounding reservoir, filter
plant, filtered water storage structure, or pumping station, and all
the necessary pipe lines and accessories appurtenant thereto, and the
construction of major supply lines and reinforcing mains.

Sec. 3. And be it further enacted, That for the purpose of retiring
bonds authorized to be issued by this Act, and payment of the in-
terest thereon, there shall be levied against all of the assessable prop-
erty within, the Sanitary District, by the County Council and by the

 

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Session Laws, 1957
Volume 640, Page 344   View pdf image (33K)
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