J. MILLARD TAWES, GOVERNOR                       1241

(d)  Bonds not to be impaired.—Nothing in this section contained
or in any amendment thereof, shall be construed to impair the val-
idity of said bonds above described or the obligation of the Commis-
sion and the County to pay the principal and interest thereof when
due. The Commission is directed to certify annually to the County
the amount of money necessary to pay the principal and interest
and also to apply to such payment all funds in its hands received
from the County for this purpose.

(e)  Redemption prior to maturity.—In addition, the Commission
is empowered to solicit from the holders of said bonds, tenders for
the redemption thereof prior to maturity, either at, above, or below
the par value thereof plus accrued interest, and to purchase said
bonds from the funds so accumulated at the prices offered. No such
price shall exceed the par value of said bonds plus a premium of
five per centum (5%) of par value. In order to obtain any such
tenders, the Commission may employ any broker, banker, or other
person or persons, qualified to obtain the same and may, by public
notice or otherwise, prescribe the terms and conditions under which
it will receive the tenders.

53.    Levy of Taxes in Montgomery County for Payment of Bonds.

Immediately upon the sale of any bonds or notes issued under
the sections hereinabove in this sub-title on account of lands ac-
quired in Montgomery County the Commission is directed to certify
to Montgomery County the amount of bonds or notes so issued and
the rate of interest and maturities. So long as any of said bonds
or notes shall be outstanding and unpaid, the County is authorized
and directed to levy against all property within that portion of the
Metropolitan District within Montgomery County assessed for the
purposes of county taxation, an annual tax in a sum sufficient to
pay the interest on said bonds or notes and to pay the principal of
the said bonds or notes upon maturity. The tax shall be levied
and collected, and have the same priority rights, bear the same in-
terest and penalties, and in every respect be treated as county taxes.
As hereinabove provided, the proceeds of the collection of said tax
shall be the primary source of revenue for the payment of the prin-
cipal and interest maturities of said bonds or notes. The tax so
levied shall be collected by Montgomery County, and every sixty (60)
days it shall remit to the Commission the whole amount of the tax
so collected to date.

54.    Authority of Counties to Grant Monies to the Commission.

Montgomery and Prince George's Counties are authorized from
time to time to grant monies to the Commission, upon the request
of the Commission, for any of the purposes of this sub-title. A grant
of monies under this Section shall be expended within the county
making the grant. Any such grant is not to exceed annually in
Prince George's County an amount equal to one-half of the County's
share of the State Income Tax. Any such grant by Montgomery
County is not to exceed annually an amount equal to one-half of
that County's share of the State Income Tax plus one-half the profits
of the County Dispensary as turned over to the County Treasurer.