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Session Laws, 1959
Volume 642, Page 1068   View pdf image (33K)
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1068                             Laws of Maryland                       [Ch. 707

cipal and interest by the County Council of Montgomery County
and the County Commissioners of Prince George's County, and
to provide for the payment of such bonds and the interest thereon.

Section 1. Be it enacted by the General Assembly of Maryland,
That for the purpose of constructing, enlarging or improving incin-
erators or other garbage or refuse disposal facilities in Montgomery
County in the Washington Suburban Sanitary District, including the
acquisition of necessary land and equipment therefor or required in
connection therewith, the Washington Suburban Sanitary Commis-
sion is hereby authorized and empowered to issue under its hand and
seal bonds of the Washington Suburban Sanitary District from time
to time in an aggregate principal amount not exceeding Two Million
Seven Hundred Fifty Thousand Dollars ($2,750,000.00), which bonds
shall be in addition to any bonds authorized to be issued under any
other law for such purpose. Said bonds shall be in such denomination
or denominations, shall bear interest at such rate or rates, not exceed-
ing five per centum (5%) per annum, and shall mature at such time
or times not exceeding twenty (20) years from their date, as may
be determined by the Commission, and said bonds shall be sold as
the general construction bonds of said Commission or District are
now sold. Said bonds shall be forever exempt from taxation by the
State of Maryland and by the counties and municipalities in said
State. Said bonds shall be guaranteed as to the payment of principal
and interest by the County Council of Montgomery County and the
County Commissioners of Prince George's County, which guarantee
shall be in the form and under the provisions of Section 5 of Chapter
122 of the Acts of the General Assembly of Maryland of 1918 and
any amendment thereof or any section enacted in lieu thereof. The
Commission may, however, at its option, waive the guarantee of the
Counties or of either of them herein prescribed.

Sec 2. And be it further enacted, That said Washington Subur-
ban Sanitary Commission is authorized to make and fix such sched-
ule of charges for the collection, reception and disposal of garbage,
trash, rubbish, refuse or junk in the District as shall be required for
the purpose of paying the principal of and the interest on said bonds,
and the receipts therefrom shall, after payment of all costs and ex-
penses incident to or in the operation and maintenance of all the
incinerators and other garbage or refuse disposal facilities of the
District and after meeting the requirements of all incinerator bonds
of the District or the Commission presently outstanding, be applied
to the payment of the principal of and the interest on the bonds here-
in authorized; provided, however, that in the event that the receipts
from said charges available therefor shall not be sufficient to meet
the principal and interest requirements of said bonds said Commis-
sion is authorized and directed to pay the difference out of the gen-
eral water receipts of the Commission provided for in Chapter 122 of
the Acts of the General Assembly of Maryland of 1918, as amended;
provided, however, that in the event part of the said water receipts
is used for the carrying charges of said bonds or notes, the Commis-
sion shall adjust the water rates, either consumption charge or serv-
ice charge, in its discretion, on all property served by the Commission
to the extent necessary to meet said adjustment, which charges may
be changed from time to time by said Commission.

 

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Session Laws, 1959
Volume 642, Page 1068   View pdf image (33K)
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