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Session Laws, 1965
Volume 676, Page 1217   View pdf image (33K)
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J. MILLARD TAWES, Governor                     1217

Sec. 7. And be it further, enacted, That this Act shall take effect
June 1, 1965.

Approved May 4, 1965.

CHAPTER 783
(House Bill 211)

AN ACT to authorize the issuance of bonds of the Washington Subur-
ban Sanitary District in an aggregate principal amount not ex-
ceeding $3,000,000 for paying the cost of storm water or surface
drainage systems, including any portion of the costs of sanitary
sewer or water supply facilities resulting from the construction or
planned construction of such systems in the Washington Suburban
Sanitary District, to authorize the issuance of notes in anticipation
of the issuance of such bonds, and to provide for the payment of
such bonds and notes and the interest thereon.

Section 1. Be it enacted by the General Assembly of Maryland,
(a) That, for the purpose of paying the cost of storm water or surface
drainage systems and carrying out the provisions of Chapter 526 of
the Laws of Maryland of 1943, as amended by Chapter 917 of the
Laws of Maryland of 1945, and Chapter 732 of the Laws of Maryland
of 1947 with respect thereto, for the purpose of paying the cost of
any engineering or other surveys of storm water or surface drainage
system needs in the District or any portion thereof, and for the pur-
pose of paying for or towards the construction in the Washington
Suburban Sanitary District of any storm water or surface drainage
system subject of an agreement between the Commission and another
commission, agency or public authority pursuant to Chapter 228 of
the Laws of Maryland of 1959, the Washington Suburban Sanitary
Commission is empowered to issue from time to time bonds of the
Washington Suburban Sanitary District as hereinafter provided in
an aggregate principal amount not exceeding three million dollars
($3,000,000), which bonds shall be in addition to any bonds authorized
to be issued under any other law for such purpose. The cost of such
storm water or surface drainage systems shall be deemed to include,
in addition to all other items of cost, any portion of the costs of the
design and construction of trunk sewers, sewage pumping stations
and sewage disposal facilities and major water supply lines and
reinforcing mains and other sanitary sewer and water supply facili-
ties of the Washington Suburban Sanitary District which the Com-
mission shall determine to have been or will be incurred on account
of the construction or planned construction of such storm water or
surface drainage systems. Said bonds shall be dated, shall bear
interest at such rate or rates not exceeding five per centum (5%)
per annum, shall mature at such time or times not exceeding forty
years from their date or dates, as may be determined by the Com-
mission, and may be made redeemable before maturity, at the option
of the Commission, at such price or prices and under such terms and
conditions as may be fixed by the Commission prior to the issuance
of the bonds. Such bonds may be issued in coupon or in registered
form, or both, as the Commission may determine, and provision may

 

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Session Laws, 1965
Volume 676, Page 1217   View pdf image (33K)
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