350                               Laws of Maryland                      [Ch. 281

thereof as the bonds mature, and said tax shall be determined, levied,
collected and paid over in the manner following, that is to say, at
least sixty (60) days before the tax levying period of each year, the
County Commissioners shall certify to the Commission the whole
valuation of the assessable property within each district [.] except
those properties which have paid said assessment in full as provided
in Section 517 (a) hereof. The Commission shall then determine in
the manner above prescribed the amount which it deems necessary
to be raised during the ensuing year for the payment of interest and
principal of all serial bonds maturing in said year, and after deduct-
ing all amounts in hand or in contemplation applicable to payments
of interest and principal on said bonds as hereinbefore and herein-
after in the sub-title provided; it shall determine the number of cents
per One Hundred Dollars ($100.00) necessary to raise the said
amount for each such district and shall certify the same, to the Board
of County Commissioners. The said County Commissioners in their
next annual levy shall levy said tax on all land and improvements
and all other property assessed for county tax purposes within the
respective district, except those properties exempt from said tax
under Section 517 (a) hereof, which tax shall be levied and collected
and have the same priority rights, bear the same interest and penal-
ties and in every respect be treated the same as county taxes. The
tax so levied for the ensuing year shall be collected by the tax col-
lecting authorities and placed in the joint Sinking Fund of the
County Commissioners and the Commission as provided in Section
512 hereof. From the money so received, together with the amount
in hand to the credit of said bond fund, the County Commissioners
and the Commission shall first pay all interest and principal on said
bonds as it becomes due, and the residue of said money in said
account shall be retained in said account for further payments of
principal and interest on said bonds. The Commission is authorized
to pay the interest on any bonds it may issue out of the proceeds of
the sale of said bonds, but not more than one year's interest may be
so expended.

Sec. 2. And be it further enacted, That this Act shall take effect

June 1, 1961.

SEC. 2. AND BE IT FURTHER ENACTED, THAT THIS
SECTION IS HEREBY DECLARED TO BE AN EMERGENCY
MEASURE AND NECESSARY FOR THE IMMEDIATE PRES-
ERVATION OF THE PUBLIC HEALTH AND SAFETY, AND
HAVING BEEN PASSED BY A YEA AND NAY VOTE SUP-
PORTED BY THREE-FIFTHS OF THE MEMBERS ELECTED
TO EACH OF THE TWO HOUSES OF THE GENERAL ASSEM-
BLY, THE SAME SHALL TAKE EFFECT FROM THE DATE OF
ITS PASSAGE.

Approved April 24, 1961.