SPIRO T. AGNEW, Governor                       701

guaranteed by the County Commissioners of St. Mary's County,
Maryland." Such endorsement shall be signed on each of said bonds
by the President and by the Clerk of the Board of County Commis-
sioners of said County within ten days after the bonds are pre-
sented by the Commission to them for endorsement. At any time
prior to the issuance of any such bonds the County Commissioners
are hereby authorized and directed to furnish to the Commission a
sum not exceeding one hundred thousand dollars ($100,000.00),
which shall be repaid out of the first available moneys derived from
the sale of the first bonds issued, it any.

162.

(a) For the purpose of retiring the bonds authorized to be is-
sued by this subtitle and of paying the interest thereon, the Com-
mission shall cause to be levied, against all assessable property
within said sanitary districts for which said bonds have been issued,
by the County Commissioners of St. Mary's County annually so long
as any of said bonds are outstanding and not paid, a tax sufficient
to provide such sum as the Commission may deem sufficient and
necessary, in conjunction with any amounts as the Commission may
estimate that it will be able to collect out of the benefit assessments
therefor levied by it but not yet paid and any further funds then
available for the purpose, to meet the interest on said bonds as
it becomes due and to pay the principal thereof as the bonds mature,
and said tax shall be determined, levied, collected and paid over
in the manner following, that is to say, at least [sixty days before
the tax levying period] ninety (90) days before July 1 of each
year, the County Commissioners shall certify to the Metropolitan
Commission the whole valuation of the assessable property within
each sanitary district. The Commission shall then determine in the
manner above prescribed the amount which it deems necessary to
be raised during the ensuing year for the payment of interest and
principal of all serial bonds maturing in said year, and after
deducting all amounts in hand or in contemplation applicable to
payments of interest and principal on said bonds as hereinbefore
and hereinafter in the subtitle provided; it shall determine the num-
ber of cents per $100.00 necessary to raise the said amount for
each such sanitary district and shall certify the same to the Board
of Commissioners[.] at least sixty (60) days before July 1 of
each year. The said County Commissioners in their next annual
levy shall levy said tax on all land and improvements and all other
property assessed for county tax purposes within the respective
sanitary district, which tax shall be levied and collected and have
the same priority rights, bear the same interest and penalties and
in every respect be treated the same as county taxes. The tax
so levied for the ensuing year shall be collected by the tax collecting
authorities and every [sixty] One Hundred Twenty (120) days
they shall remit the whole amount of the tax so collected to the
Commission. From the money so collected to the Commission. From
the money so received, together with the amount in hand to the
credit of said bond fund, the Commission shall first pay all interest
and principal on said bonds as it becomes due, and shall then deposit
the residue of said moneys in some bank or banks in said County to
the joint credit of the County Commissioners and the Commission.
The Commission is authorized to pay the interest on any bonds it
may issue out of the proceeds of the sale of said bonds, but not