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Session Laws, 1969
Volume 692, Page 1484   View pdf image
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1484                            LAWS OF MARYLAND                     [CH. 651

maturity of the notes as the Commission shall determine. Such
notes shall be in such form and shall be executed in such manner as
the Commission shall provide. Such notes shall be payable from the
proceeds of the bonds in anticipation of which they shall be issued;
provided, however, that the Commission may, in its discretion,
in lieu of retiring such notes by means of bonds, retire such notes
from any funds available for the payment of bonds authorized here-
under for the project or projects for which such notes were
issued, in which event the maximum amount of bonds which may be
issued under the provisions of this Section shall be reduced by the
amount of such notes so retired.

Sec. 2. And be it further enacted, That in the event the first or
second maturing interest payment on any of said bonds or notes
becomes due before the levy and collection of the taxes herein
authorized, the Commission may advance the interest due at said first
or second interest paying period out of the proceeds of the sale of
said bonds or notes.

SEC. 3. And be it further enacted, That this Act shall take effect
July 1, 1969.

Approved May 14, 1969.

CHAPTER 651
(House Bill 292)

AN ACT relating to the Washington Suburban Sanitary District,
repealing and re-enacting, with amendments, Section 83-66A of
the Code of Public Local Laws of Prince George's County (1963
Edition), being also Section 71-12A of the Montgomery County
Code (1965 Edition), being Articles 17 and 16, respectively, of the
Code of Public Local Laws of Maryland, titled "Prince George's
County" and "Montgomery County," both subtitled "Washington
Suburban Sanitary District," as said sections were enacted by
Chapter 629 of the Acts of 1968, relating to the maximum rate of
interest which may be paid on any bond, note, certificate of in-
debtedness or other evidence of indebtedness to be issued by the
Washington Suburban Sanitary District, re-stating the applicable
provisions with more clarity.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 83-66A of the Code of Public Local Laws of Prince
George's County (1963 Edition), being also Section 71-12A of the
Montgomery County Code (1965 Edition), and being Articles 17
and 16, respectively, of the Code of Public Local Laws of Maryland,
titled "Prince George's County" and "Montgomery County," sub-
titled "Washington Suburban Sanitary District," as said sections
were enacted by Chapter 629 of the Acts of 1968, be and they are
repealed and re-enacted, with amendments, to read as follows:

83-66A. (71-12A).

Any bonds, notes, certificates of indebtedness or other instru-
ments evidencing debt of the Washington Suburban Sanitary Dis-

 

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