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Session Laws, 1967
Volume 681, Page 334   View pdf image (33K)
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334                              LAWS OF MARYLAND                     [CH. 193

payment of said bonds and the interest thereon by levy against
assessable property within the Sanitary District; and to provide
for the ratification and confirmation of any guarantee made by the
County Council of Montgomery County and the County Commis-
sioners of Prince George's County of any water supply bonds of the
Washington Suburban Sanitary District heretofore issued.

Section 1. Be it enacted by the General Assembly of Maryland,
That the Washington Suburban Sanitary Commission, created by
Chapter 122, of the Acts of the General Assembly of Maryland of
1918, be and it is hereby authorized and empowered to issue bonds
of said Sanitary District in an aggregate principal amount not exceed-
ing Twenty Million Dollars ($20,000,000), which bonds shall be in
addition to any bonds authorized to be issued under said Chapter 122,
or any amendments thereof, or under any other Act of the General
Assembly of Maryland, and shall be registered or coupon bonds, in
such denomination or denominations as shall be determined by said
Commission, and shall bear interest at a rate or rates not exceeding
five per centum (5%) per annum, payable semi-annually, and shall be
retired serially, the last bond to be retired not later than forty (40)
years from the date of issue. Said Commission may offer for sale
and issue such bonds, from time to time, as its necessity requires.
Said bonds shall be executed and issued under the same provisions,
limitations and restrictions, applicable to the bonds issued by said
Commission under the provisions of said Chapter 122, as amended,
except that the said bonds shall not be subject to the limitation in
said Chapter 122, as amended, on the amount of bonds that may be
issued and shall not be included in computing the amount of bonds
that may be issued under said Chapter 122, as amended, and said
bonds shall be forever exempt from taxation by the State of Maryland
and by the counties and municipalities in said State. The said bonds
shall be guaranteed, as to the payment of principal and interest, by
the County Council and by the County Commissioners, of both Mont-
gomery and Prince George's Counties, which guarantee shall be in the
form and under the provisions of Section 5 of said Chapter 122, or
any amendment thereof or any section enacted in lieu thereof. The
Commission may, however, at its option, waive the guarantee of the
Counties herein prescribed.

Sec. 2. And be it further enacted, That the proceeds of said bonds
shall be used for the purpose of enlarging, increasing and augmenting
the water supply of the area served by said Commission, including
the construction or enlargement of any impounding reservoir, filter
plant, filtered water storage structure, or pumping station, and all
the necessary pipe lines and accessories appurtenant thereto, and the
construction of major supply lines and reinforcing mains.

Sec. 3. And be it further enacted, That for the purpose of retiring
bonds authorized to be issued by this Act, and payment of the interest
thereon, there shall be levied against all of the assessable property
within the Sanitary District, by the County Council and by the County
Commissioners of Montgomery and Prince George's Counties, annu-
ally, so long as said bonds are outstanding and not paid, a tax suf-
ficient to meet the interest on said bonds, and to pay the principal
thereof as the said principal and interest mature or become due; said
tax shall be determined, levied, collected and paid over to said Com-

 

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Session Laws, 1967
Volume 681, Page 334   View pdf image (33K)
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