728                               LAWS OF MARYLAND                        [CH. 483

CHAPTER 483
(House Bill 315)

AN ACT to add new Section 1569A to the Code of Public Local
Laws of Prince George's County (1953 Edition), being Article
17 of the Code of Public Local Laws of Maryland, title "Prince
George's County," subtitle "Washington Suburban Sanitary Dis-
trict," and to add new Section 73-54A to the Montgomery County
Code (1960 Edition), being Article 16 of the Code of Public Local
Laws of Maryland, title "Montgomery County," subtitle "Washing-
ton Suburban Sanitary District," to follow immediately after Sec-
tions 1569 and 73-54 of the respective Codes, authorizing the Wash-
ington Suburban Sanitary Commission, on behalf of the Washington
Suburban Sanitary District, to borrow money for any of the
purposes for which any bonds of the District are to be issued,
and to issue negotiable bond anticipation notes of the District
for the money so borrowed in anticipation of the issuance of such
bonds.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 1569A be and it is hereby added to the Code of Public
Local Laws of Prince George's County (1953 Edition), being Article
17 of the Code of Public Local Laws of Maryland, title "Prince
George's County," subtitle "Washington Suburban Sanitary Dis-
trict," and that Section 73-54A be and it is hereby added to the
Montgomery County Code (1960 Edition), being Article 17 of the
Code of Public Local Laws of Maryland, title "Montgomery County,"
subtitle "Washington Suburban Sanitary District," to follow im-
mediately after Sections 1569 and 73-54 of the respective Codes and
to read as follows:

1569 A. (73-54A)

(73-54A) (a) The Washington Suburban Sanitary Commission,
on behalf of the Washington Suburban Sanitary District, is au-
thorized and empowered, at any time and from time to time and
in such manner as it shall determine, to borrow money for any of the
purposes for which any bonds of the District are to be issued, and
to issue negotiable bond anticipation notes of the District for the
money so borrowed in anticipation of the issuance of such bonds;
provided, however, that the aggregate amount of all bond antici-
pation notes outstanding under the authority of this Act at any
one time shall not exceed Five Million Dollars ($5,000,000); and
provided, further, that aggregate amount of bond anticipation notes
issued under the authority of this Act in anticipation of the issuance
of bonds which are subject to the fourteen per centum (14%) limita-
tion, together with the aggregate amount of bonds then outstanding
which are subject to said limitation, shall not exceed said limitation.

(b) Such bond anticipation notes shall mature within a period
of not exceeding one (1) year, and may be renewed from time to
time for successive periods of not exceeding one (1) year each,
but such notes, including renewals, shall be payable not more
than five (5) years from the date of the notes first issued. Such
notes shall be in such denomination or denominations, shall bear