J. MILLARD TAWES, GOVERNOR                            1235

Commissioners or the County Council, as the case may be, within
twenty (20) days after the bonds are presented by the Commission
to them for endorsement.

(e)  Liability under guarantee.—In the event of any liability un-
der the above guarantee, the liability for each county shall be in such
proportion as the assessable basis for that part of such county with-
in the Metropolitan District bears to the assessable basis of the
whole of said District.

(f)   Guarantee by Montgomery County only.—In the event that
the said seven cent (7c) tax is levied and collected PROCEEDS OF
ANY SERIES OF SAID BONDS ARE TO BE EXPENDED only
through that portion of the District that is in Montgomery County,
the said bonds shall be guaranteed as to the payment of principal and
interest by the County Council of Montgomery County. The guar-
antee shall be endorsed on each of said bonds in the following
language: "The payment of interest when due and of the principal
on maturity is guaranteed by Montgomery County, Maryland'⁹. Such
endorsement shall be signed on each of said bonds by the executive
head of the County Council of Montgomery County within twenty
(20) days after the bonds are presented by the Commission to the
Council for endorsement.

(g)   Guarantee by Prince George's County Only.—If the tax is
levied and collected PROCEEDS OF A SERIES OF SUCH BONDS
ARE TO BE EXPENDED only throughout that portion of the Dis-
trict within Prince George's County, the guarantee as to the pay-
ment of principal and interest shall apply in the same respect to
Prince George's County.

(h) Expenditures of Proceeds of Bonds.—In the event the said
seven cent (7c) tax is levied and collected PROCEEDS OF A SERIES

OF SUCH BONDS ARE TO BE EXPENDED throughout the Dis-
trict, the proceeds of the sale of bonds issued under this sub-title shall
be expended in that portion of each county within the District in
such proportion as the assessable basis of such portion of either
county bears to the assessable basis of the whole of said District,
In such event HOWEVER the Commission may issue such bonds for
carrying out its corporate purposes in that portion of the District
within either county, the principal and interest to be guaranteed by
and payable as provided in this sub-title from the seven cent (7¢) tax
levied by the county benefited. In the event that said seven cent

(7c) tax is levied and collected only in that portion of the District

in Montgomery County, the THE proceeds of the sale of bonds issued
under this section shall TO be expended within that portion of the
District within Montgomery County and SHALL BE EXPENDED
ONLY upon the recommendation of the members of the Commission
from Montgomery County. In like manner if said tax is levied only
in Prince George's County, the proceeds of the sale of bonds issued
shall TO be expended within that portion of the District within
Prince George's County and SHALL BE EXPENDED ONLY upon
the recommendation of the members of the Commission from Prince
George's County.

(i) Remaining proceeds of Little Falls Branch Development
Bonds.—The Commission is authorized to utilize and expend the