J. MILLARD TAWES, GOVERNOR                              1585

WASHINGTON METROPOLITAN DISTRICT IN PRINCE
GEORGE'S COUNTY WITH RESPECT TO THE INTEREST
RATE OF SAID BONDS AND THE MATURITY DATES OF
CERTAIN OF THE SAID BONDS AND TO CHANGE THE
PURPOSES FOR WHICH THE SAID BONDS MAY BE ISSUED.

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

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEM-
BLY OF MARYLAND, THAT SECTIONS 1 AND 2 OF CHAPTER
371 OF THE ACTS OF THE GENERAL ASSEMBLY OF 1953 BE
AND THEY ARE HEREBY REPEALED AND RE-ENACTED
WITH AMENDMENTS TO READ AS FOLLOWS:

SEC. 1. That the Board of County Commissioners of Prince George's
County is hereby authorized to issue general obligation bonds of said
County in an amount not exceeding Eight Hundred Thousand Dollars
($800,000) and said Board of County Commissioners may issue and
sell said bonds, in whole or in part, at such time or times as said
Commissioners, in their discretion, shall determine. Said bonds shall
[bear interest at a rate not exceeding four per cent (4%) per
annum,] be payable semi-annually, shall mature serially over a period
of twenty-five (25) years from date of issue, the amount of maturities
to be fixed by said Commissioners, [provided, not more than three
(3) per cent of the total of said issue shall mature annually, within
the first five (5) years,] and said bonds shall be the general obliga-
tions of Prince George's County, exempt from State, County and mu-
nicipal taxation of every kind and nature whatsoever within the
State of Maryland, as to both principal and interest in the hands of
the person or persons entitled thereto from time to time, and said
bonds shall be in such form as may be adopted or prescribed by the
Board of County Commissioners. The said County Commissioners
shall levy, annually, at the time taxes are levied for general County
purposes a tax upon all of the property assessed for County tax
purposes within that portion of Prince Georges' County lying within
the Maryland-Washington Metropolitan District, as hereinafter de-
fined, in an amount sufficient to meet the principal and interest on
said bonds so long as any of them shall be outstanding; provided,
however, that if the interest matures on any one or more of said issues
before the annual levy, or before a sufficient amount of taxes levied
for the purpose of paying said interest is collected, the said County
Commissioners may pay said interest out of the proceeds of the sale
of said issue or issues. The Prince George's County portion of the
Maryland-Washington Metropolitan District is defined, for the pur-
pose of levying the taxes required herein to be levied and for making
the improvements herein authorized, as all of that part of Prince
George's County defined as the Maryland-Washington Metropolitan
District, in Chapter 1008 of the Acts of 1943 of the General Assembly
of Maryland, and said taxes shall not be levied in any regional dis-
trict or any other part of said County unless the same shall be added
to said Maryland-Washington Metropolitan District by this or under
any subsequent General Assembly. Any of said bonds issued pursuant
to the authority contained in this Act shall be issued upon the full
faith and credit of the County Commissioners of Prince George's
County, and in the event the proceeds from the taxes hereinabove
authorized to be levied for the purpose of paying the principal and
interest of all bonds issued hereunder are insufficient in any year to