1282                            LAWS OF MARYLAND                       CH. 638

county, respectively. (2) Any such bonds shall be issued under
the hand and seal of the Commission and shall be guaranteed as to
the payment of principal and interest in the following manner: in
the event that the Commission resolves to expend the proceeds of any
series of such bonds throughout the District, the said bonds shall be
guaranteed to the payment of principal and interest by the County
Commissioners of Prince George's County and by Montgomery
County. The guarantee shall be endorsed on each of said bonds in
the following language: "The payment of interest when due and of
the principal on maturity is guaranteed by Montgomery and Prince
George's Counties, Maryland." Such endorsement shall be signed
on each of the bonds by the President and Secretary or the clerk or
other executive head of the County Commissioners or the County
Council, as the case may be, within twenty (20) days after the bonds
are presented by the Commission to them for endorsement.

(h) Expenditures of proceeds of bonds. In the event the said
proceeds of a series of such bonds are to be expended throughout the
District, the proceeds of the sale of bonds issued under this sub-
heading shall be expended in that portion of each County within the
District in such proportion as the assessable basis of such portion of
either county bears to the assessable basis of the whole of said
District. However, the Commission may issue such bonds for carry-
ing out its corporate purposes in that portion of the District within
either county, the principal and interest to be guaranteed by and
payable as provided in this subheading from the [nine cents (9˘)]
twelve cents (12˘) in Montgomery County and seven cents (7˘)
in Prince George's County levied by the county benefited. The pro-
ceeds of the sale of bonds issued under this section to be expended
within or for the benefit of that portion of the District within
Montgomery County shall be expended only upon the recommenda-
tion of the members of the Commission from Montgomery County.
In like manner, the proceeds of the sale of bonds issued to be expended
within that portion of the District within Prince George's County
shall be expended only upon the recommendation of the members of
the Commission from Prince George's County.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1968.

Approved May 7, 1968.

CHAPTER 638
(House Bill 111)

AN ACT to repeal and re-enact, with amendments, Section 114(a),
114(b) and 114(c) of Article 66˝ of the Annotated Code of
Maryland (1967 Replacement volume), title "Motor Vehicles,"
subtitle "Administration—Registration—Titling," to require
trailers be rented to licensed drivers only; to require the person
renting a trailer or a motor vehicle to inspect the operator's or
chauffeur's license of the person wishing to rent a trailer to com-
pare and verify the signature and physical description thereon;
and to require the renter of trailers to maintain certain records.