J. MILLARD TAWES, Governor                     1213

original notes and/or certificates of indebtedness. Said notes and/or
certificates of indebtedness shall bear interest at a rate not exceeding
five per centum (5%) per annum, said interest to be payable at such
time or times as may be determined by said Commission. All of said
notes and/or certificates of indebtedness issued under the provisions
of this section shall be payable, in so far as it may be necessary, within
the time prescribed herein from the proceeds of the sale of bonds
authorized to be issued hereunder. All of said notes and/or certifi-
cates of indebtedness issued hereunder, including interest thereon,
shall be forever exempt from taxation by the State of Maryland and
by the counties and municipalities in said State. Said notes and/or
certificates of indebtedness shall be issued under the hand and seal
of said Commission, shall be general obligations of the District for
which the full faith, credit and taxing power of the District shall
be pledged and shall be guaranteed as to payment of principal and
interest by the County Council or the County Commissioners of both
Montgomery and Prince George's Counties, which guaranty shall be
endorsed on each of said notes and/or certificates of indebtedness in
the following language: "The payment of interest when due and
the principal at maturity is guaranteed by Montgomery and Prince
George's Counties, Maryland." The notes and/or certificates of the
Sanitary Commission shall be signed by the Chairman and the
[Secretary-Treasurer] Secretary and the Treasurer of the Commis-
sion or, if the Commission shall so provide, by any two of its members
and the official seal of the Commission shall be impressed upon the
notes and/or certificates of indebtedness. Said guaranty or endorse-
ment by the County Council or the County Commissioners shall be
signed on each of said notes and/or certificates of indebtedness on
behalf of each County by the Secretary or Clerk of the County
Council or the Board of County Commissioners or by any officer
designated for such purpose by the County Council or the Board of
County Commissioners, within twenty days after the notes and/or
certificates of indebtedness are presented by said Commission for
the signing of such endorsement. In the event of any liability under
the above guaranty, such liability for each county shall be in such
proportion as the assessable basis of that part of either county within
the Sanitary District bears to the assessable basis of the whole of said
District.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1965.

Approved May 4, 1965.

CHAPTER 781
(House Bill 209)

AN ACT to propose an amendment to Article III of the Constitution
of the State of Maryland, title "Legislative Department," by adding
thereto a new section, to be known as Section 40C, to follow im-
mediately after 40B of said Article, providing for an optional
procedure for the acquisition of land and interests in land IN
PRINCE GEORGE'S COUNTY by the Washington Suburban