J. MILLARD TAWES, GOVERNOR                             1637

to time for periods not exceeding one year, but such notes, including
renewals, shall mature and be paid not more than five years from
the date of the note or notes, first issued. Such notes shall bear
interest at a rate or rates not exceeding five per centum (5%)
per annum, the interest to be payable at such time or times on or
before the maturity of the notes as the Commission shall determine.
Such notes shall be in such form and shall be executed in such
manner as the Commission shall provide. Such notes shall be pay-
able from the proceeds of the bonds in anticipation of which they
shall be issued; provided, however, that the Commission may, in
its discretion, in lieu of retiring such notes by means of bonds,
retire such notes from any funds available for the payment of bonds
authorized hereunder for the project or projects for which such
notes were issued, in which event the maximum amount of bonds
which may be issued under the provision of this Section shall be
reduced by the amount of such notes so retired.

Sec. 2. And be it further enacted, That the bonds authorized by
the Commission to be issued hereunder at any one time for payment
of the cost of storm water or surface drainage systems in the por-
tion of the Washington Suburban Sanitary District in Montgomery
County shall constitute a separate series, and for the payment of
the principal of and the interest on the bonds of such series and the
interest on any notes issued under the provisions of Section 1 above
in anticipation of the issuance of any bonds of such series the
County Council of Montgomery County shall levy annually upon
all of the property assessed for county tax purposes within the
portion of said Sanitary District in Montgomery County, upon the
certification of the Washington Suburban Sanitary Commission,
an ad valorem tax at a rate necessary to produce annually the sum
required to pay such principal and interest for the current year,
which tax shall be levied and collected as other Commission ad
valorem taxes are levied and collected and paid to said Commission.
Said bonds and any notes issued in anticipation thereof for the pur-
pose stated in this Section shall be guaranteed as to both principal
and interest by the County Council of Montgomery County, and
the County Council of Montgomery County is hereby authorized and
directed to guarantee said bonds and notes substantially in the
manner and form provided for guarantee of the construction bonds
of said Sanitary District. Such guarantee shall operate as a pledge
of the full faith and credit of the County Council of Montgomery
County to the payment of the maturing principal of and interest on
said bonds and notes and, to the extent that the taxes above pro-
vided for in this Section and any other moneys available or to
become available therefor (either through the issuance of bonds or
notes authorized hereunder or otherwise) are inadequate to pro-
vide the funds necessary to pay such principal and interest in any
year, said County Council shall levy upon all property subject to
taxation within Montgomery County ad valorem taxes in rate and
amount sufficient to make up any such deficiency.

Sec. 3. And be it further enacted, That the bonds authorized by
the Commission to be issued hereunder at any one time for pay-
ment of the cost of storm water or surface drainage systems in the
portion of the Washington Suburban Sanitary District in Prince
George's County shall constitute a separate series and for the pay-
ment of the principal of and the interest on the bonds of such