J. MILLARD TAWES, GOVERNOR                            579

aggregate said bonds shall not exceed the sum of $300,000.00; and
provided that said bonds shall bear a rate of interest not exceeding
four FIVE per centum per annum; and provided further that if said
money or any part thereof shall be borrowed by the sale of bonds that
said bonds shall be designated "Savage Water Transmission Main
Bonds of Allegany County", and shall be of such denomination or de-
nominations, callable or non-callable, and of such type, or form, and
of such period of maturity as the said County Commissioners of Alle-
gany County may deem advisable. Said bonds shall be signed by the
President of the Board of County Commissioners of Allegany County
and the Treasurer of the County and have the corporate seal of said
Allegany County affixed thereto. The principal amount of said bonds
and the interest payable thereon shall be and remain exempt from
taxation by the State of Maryland and by the counties and munici-
palities of this State. If any such bonds shall be sold the provisions
of Article 31, Sections 10 and 11 of the Annotated Code of Maryland
(1957 Edition, as amended from time to time), shall be complied
with.

Sec. 3. And be it further enacted, That the project covered by
the provisions of this Act is more fully described as follows:

A water transmission main, extending from Savage River Dam
and connecting to the Ridgedale Reservoir or to another reservoir
in the City of Cumberland a distance of approximately thirty miles;
together with a water filtration and/or a water chlorination plant as
required to deliver approximately eighteen million gallons daily of
safe potable water; and including all necessary appurtenances to
the several industries, municipalities and communities along the
route thereof. The construction of this project or of any part thereof
is subject to the approval of both the Corps of Engineers of the
United States Army and of the Upper Potomac River Commission
in accordance with Public Law No. 526 of the 79th Congress of the
United States.

Sec. 4. And be it further enacted, That the proceeds from the
sale of such bonds shall be placed in a special fund by the County
Treasurer of Allegany County and shall be paid out by him only on
warrants from the Board of County Commissioners of Allegany
County in accordance with the purposes and project of this Act.

Sec. 5. And be it further enacted, That for the purpose of pay-
ing the interest on said bonds and for redeeming said bonds as they
mature, the County Commissioners of Allegany County shall annually
levy such tax upon the assessable property of said county as may be
necessary to pay the annual interest on said bonds and to redeem
said bonds as they become due until all of said bonds shall have
matured and been redeemed. The taxes so levied shall be collected in
the same manner as other taxes are levied and collected in said
county.

Sec. 6. And be it further enacted, That in lieu of borrowing any
part of or all of such monies and issuing bonds therefor the County
Commissioners of Allegany County are authorized to accept part or
all of said bonds the County Commissioners may accept funds from
any governmental unit or agency of the United States, OR THE
STATE OF MARYLAND for the purposes of this project.