1636                              Laws of Maryland                       [Ch. 890

CHAPTER 890
(House Bill 293)

AN ACT to authorize the issuance of bonds of the Washington
Suburban Sanitary District in an aggregate principal amount not
exceeding $6,000,000 for paying the cost of storm water or sur-
face drainage systems, including any portion of the costs of sani-
tary sewer or water supply facilities resulting from the construc-
tion or planned construction of such systems in the Washington
Suburban Sanitary District, to authorize the issuance of notes
in anticipation of the issuance of such bonds, and to provide for
the payment of such bonds and notes and the interest thereon.

Section 1. Be it enacted by the General Assembly of Maryland,
(a) That, for the purpose of paying the cost of storm water or
surface drainage systems and carrying out the provisions of Chapter
526 of the Laws of Maryland of 1943, as amended by Chapter 917
of the Laws of Maryland of 1945, and Chapter 732 of the Laws of
Maryland of 1947 with respect thereto, the Washington Suburban
Sanitary Commission is empowered to issue from time to time
bonds of the Washington Suburban Sanitary District as herein-
after provided in an aggregate principal amount not exceeding six
million dollars ($6,000,000), which bonds shall be in addition to
any bonds authorized to be issued under any other law for such
purpose. The cost of such storm water or surface drainage systems
shall be deemed to include, in addition to all other items of cost, any
portion of the costs of the design and construction of trunk sewers,
sewage pumping stations and sewage disposal facilities and major
water supply lines and reinforcing mains and other sanitary sewer
and water supply facilities of the Washington Suburban Sanitary
District which the Commission shall determine to have been or
will be incurred on account of the construction or planned con-
struction of such storm water or surface drainage systems. Said
bonds shall be dated, shall bear interest at such rate or rates not
exceeding five per centum (5%) per annum, shall mature at such
time or times not exceeding forty years from their date or dates,
as may be determined by the Commission, and may be made re-
deemable before maturity, at the option of the Commission, at such
price or prices and under such terms and conditions as may be
fixed by the Commission prior to the issuance of the bonds. Such
bonds may be issued in coupon or in registered form, or both, as
the Commission may determine, and provision may be made for the
registration of any coupon bonds as to principal alone. The Com-
mission shall fix the denomination or denominations of the bonds
and the form and manner of execution of the bonds and of any
interest coupons to be attached thereto.

(b) Said Commission is authorized and empowered to issue its
negotiable notes from time to time in anticipation of the issuance
of bonds authorized under this Section. Such notes may be issued
for periods not exceeding one year and may be renewed from time

Explanation: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.