SPIRO T. AGNEW, Governor                     1653

the above purposes, the Board, on behalf of the County, shall levy
additional taxes in the succeeding fiscal year to make up any de-
ficiency.

(D) IN ADDITION TO ANY OTHER AUTHORIZATIONS
CONTAINED IN THIS SUBTITLE, THE BOARD IS EM-
POWERED AND DIRECTED TO MAKE PAYMENTS TO ANY
MUNICIPALITY OPERATING ITS OWN WATER, SEWERAGE
OR DRAINAGE FACILITIES IN AN AMOUNT EQUAL TO THE
AMOUNT OF AD VALOREM TAXES LEVIED AND COLLECTED
WITHIN SUCH MUNICIPALITY UNDER OTHER PROVISIONS
OF THIS SUBTITLE, PROVIDED THAT SUCH PAYMENTS
SHALL BE USED SOLELY FOR THE CONSTRUCTION OR
MAINTENANCE OF WATER, SEWERAGE OR DRAINAGE FA-
CILITIES WITHIN SUCH MUNICIPALITY. THE BOARD IS
HEREBY AUTHORIZED TO IMPOSE ADDITIONAL AD VAL-
OREM TAXES TO PROVIDE FOR SUCH PAYMENTS BUT THE
IMPOSITION OF SUCH TAXES SHALL BE DISCRETIONARY
WITH THE BOARD AND SHALL BE IN ADDITION TO ANY
OTHER TAXES OR CHARGES LEVIED OR IMPOSED UNDER
THIS SUBTITLE. NOTHING CONTAINED HEREIN SHALL BE
CONSTRUED AS IMPAIRING THE UNCONDITIONAL PLEDGE
OF THE COUNTY'S FULL FAITH AND CREDIT AND UN-
LIMITED TAXING POWER TO THE PAYMENT OF THE PRIN-
CIPAL OF AND INTEREST ON BONDS ISSUED UNDER THIS
SUBTITLE; ALL TAXES LEVIED AND COLLECTED FOR THE
PURPOSE OF PAYING SUCH PRINCIPAL AND INTEREST
SHALL BE KEPT SEPARATE AND APART FROM ANY OTHER
REVENUES AND RECEIPTS OF THE COUNTY AND SHALL
BE USED SOLELY AND ONLY FOR THE PURPOSE FOR
WHICH THEY WERE LEVIED.

439Q.

For the purpose of providing funds for the design, construction,
establishment, purchase, or condemnation of water supply, sewerage
and drainage systems in Carroll County pursuant to this subtitle,
the Commission is hereby authorized and empowered, in addition to
the authority and power conferred by Section 439P of this subtitle,
after the approval of the Board, to borrow money in such amounts
as may be needed for said purpose and to evidence such borrowing
by the issuance and sale of its negotiable revenue bonds, payable as
to principal and interest solely from the proceeds of special benefit
assessments and other charges imposed and made by the Commission
on the project or projects so financed with the proceeds of said bonds,
which revenues the Commission is hereby authorized to pledge to
such payment. The Commission is hereby authorized and empowered
to fix and determine the form and tenor of said revenue bonds, the
denominations thereof, the rate or rates of interest payable thereon,
the place or places of payment thereof, and the method of sale there-
of, all as provided in Section 439P of this subtitle, except that the
amount of such revenue bonds which may be issued by the Commis-
sion shall be limited only by the cost of the project or projects to be
financed thereby and such revenue bonds shall contain no guarantee
of payment of principal and interest by the County but, on the
contrary, shall recite that the principal and interest thereof are
payable solely from the revenues prescribed therein or in the resolu-