1652                              Laws of Maryland                       [Ch. 895

bonds shall exceed in amount the par amount of such bonds so
described in said resolution. No such refunding bonds shall actually
be delivered to the purchaser or purchasers thereof more than six
(6) months in advance of redemption date or dates of bonds to be
redeemed and refunded and the proceeds of the sale of any such
refunding bonds shall be segregated and set apart by the County
as a separate trust fund to be used solely for the purpose of paying
the purchase or redemption prices of the bonds to be refunded.

Sec. 7. And be it further enacted, That, in the issuance of any of
the bonds authorized hereby, the County may, prior to the preparation
of definitive bonds or obligations, issue interim certificates or tem-
porary bonds, with or without coupons, exchangeable for definitive
bonds when such bonds or obligations have been executed and are
available for delivery, provided, however, that any such interim
certificates or temporary bonds shall be issued in all respects subject
to the restrictions and requirements set forth herein. The County
may, by appropriate resolution, provide for the replacement of any
bonds issued hereunder which shall have become mutilated or be
destroyed or lost upon such conditions and after receiving such
indemnity as the County may think it proper and necessary to stipu-
late and require.

Sec. 8. And be it further enacted, That any and all obligations
issued pursuant to the authority of this Act, the interest payable
thereon, and the income derived therefrom in the hands of the holders
thereof from time to time, shall be and is hereby declared to be
exempt from State, county and municipal taxation of every kind and
nature whatsoever in the State of Maryland.

Sec. 9. And be it further enacted, That this Act shall take effect
June 1, 1961.

Approved May 8, 1961.

CHAPTER 895
(House Bill 605)

AN ACT to repeal and re-enact, with amendments, Section 6 of
Chapter 122 of the Laws of Maryland of 1918, as amended, said
section being also Section 1568 of the Code of Public Local Laws
of Prince George's County (1953 Edition) and Section 74-33 of
the Montgomery County Code (1955 Edition), being respectively,
Articles 17 and 16 of the Code of Public Local Laws of Maryland,
titles "Prince George's County" and "Montgomery County", sub-
title "Washington Suburban Sanitary District", relating generally
to the Washington Suburban Sanitary District; providing for
the retirement of bonds and notes of the District authorized to be
issued by this sub-title and the payment of the interest thereon,

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.