MARVIN MANDEL, Governor 1483
their date or dates, as may be determined by the Commission, and
may be made redeemable before maturity, at the option of the Com-
mission, 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 be
made for the registration of any coupon bonds as to principal alone.
The Commission shall fix the denomination or denominations of the
bonds and the form and manner of execution of the bonds and of any
interest coupons to be attached thereto.
(b) The bonds authorized by the Commission to be issued here-
under at any one time for payment of the cost of storm water, sur-
face drainage or flood control projects or systems, including the
cost of any engineering or other surveys in connection therewith,
in that portion of the Washington Suburban Sanitary District situated
in Prince George's County, shall constitute a separate series from
any other bonds of the District, and the proceeds thereform shall be
used for the aforesaid purposes in that portion of the District. For
the payment of the principal of and the interest on the bonds of such
series, and for the payment of the interest on any notes issued
under the provisions of subsection (c), below, in anticipation of the
issuance of any bonds of such series, the County Commissioners of
Prince George's County shall levy annually upon all of the property
assessed for county tax purposes within such portion of said Sanitary
District in Prince George's County, upon the certification of the
Washington Suburban Sanitary Commission, an ad valorem tax at a
rate necessary to produce annually the sum required to pay such
principal and interest for the current year, which tax shall be levied
and collected as other Commission ad valorem taxes are levied and
collected and paid to the Commission. The bonds and any notes
issued in anticipation thereof for the purposes stated in this Section
shall be guaranteed as to both principal and interest by the County
Commissioners of Prince George's County, and the County Com-
missioners of Prince George's County are hereby authorized and
directed to guarantee said bonds and notes substantially in the
manner and form provided for guarantee of the construction bonds
of said Sanitary District. Such guarantee shall operate as a pledge
of the full faith and credit of the County Commissioners of Prince
George's County to the payment of the maturing principal of and
interest on said bonds and notes and, to the extent that the taxes
above provided for in this Section and any other moneys available
or to become available therefor (either through the issuance of bonds
or notes authorized hereunder or otherwise) are inadequate to pro-
vide the funds necessary to pay such principal and interest in any
year, said County Commissioners shall levy upon all property subject
to taxation within Prince George's County ad valo |