1734                                LAWS OF MARYLAND                          [CH. 817

ing whether it finds the installation of the contemplated service feasi-
ble from both engineering and financial standpoints, and if it so finds,
whether it proposes to install the contemplated service. If a majority
of the property owners are not satisfied with the decision of the
Commission, they may appeal to the County Commissioners within
thirty (30) days after said hearing requesting a review of the deci-
sion of the Commission. The County Commissioners shall then review
the Commission's decision and decide as to the necessity and pro-
priety of the installation of the contemplated service and whether
the area can stand the cost of the same; and the decision of the
County Commissioners shall be final.

518. Bonds, authorized, amount, interest.

For the purpose of providing funds for the design, construction,
establishment, purchase or condemnation of the facilities and systems
necessary to provide the authorized urban service or services in any
districts or sub-districts, said Commission, after the approval of said
County Commissioners, is authorized and empowered to issue bonds,
from time to time upon the full faith and credit of Wicomico County,
in such amounts as it may deem to be necessary to carry on its work,
but at no time shall the total outstanding amount of bonds issued by
the Commission exceed ten percent (10%) of the total value of the
property assessed for county taxation purposes within Wicomico
County. Said bonds shall be serial bonds issued upon serial maturing
plan and in such denominations as shall be determined by the Com-
mission, said bonds may be redeemable before maturity at the option
of the Commission at such price and under such terms and condi-
tions as may be fixed by the Commission prior to the issuance of said
bonds, shall bear interest at a rate not exceeding five percent (5%)
per annum, payable semi-annually and shall mature in not more
than forty (40) years after date of issue and shall be forever exempt
from state, city and county taxation. They shall be issued under
the signature and seal of the Commission and shall be guaranteed
as to payment of principal and interest by the County Commis-
sioners of Wicomico County which guarantee shall be endorsed on
each of said bonds in the following language: "The payment of
interest when due and the principal at maturity is guaranteed by
Wicomico County, Maryland." Such endorsement shall be signed on
each of said bonds by the President or Vice President of said Board
of County Commissioners of said county within ten (10) days after
the bonds are presented by the Commission to them for endorsement.
The issuance of such bonds shall not be subject to any limitations or
conditions contained in any other law, and the Commission may sell
such bonds in such manner, either at public or at private sale, and
for such price, as it may determine to be for the best interests of
the Commission and the area or sub-district to be served thereby,
but no such sale shall be made at a price so low as to require the
payment of interest on the money received therefor at more than
five percent (5%) per annum, computed with relation to the abso-
lute maturity of the bonds in accordance with standard tables of
bond value, excluding, however, from such computation the amount
of any premium to be paid on the redemption of any bonds prior to
maturity. At the time of the issuance of any bonds, the County
Commissioners shall be repaid any sum or sums advanced to the
Commission for its use in connection with the improvements for
which such bonds were issued.