2094                              MUNICIPAL CHARTERS

such bonds or subsequent resolutions of the County Council adopted prior
to their issuance.

Section 4. The bonds of each such series shall mature in such number
of consecutive annual installments, not exceeding thirty (30) and begin-
ning not more than one year from the date of such bonds, as may be deter-
mined by the resolution or resolutions of the County Council authorizing
such bonds, and no one of such installments shall be less than fifty per
centum (50%) of any other installment. None of such bonds shall bear
interest at any rate or rates higher than five per centum (5%) per annum.

Section 5. Such bonds shall not be subject to the provisions of Sec-
tions 9, 10, and 11 of Article 31 of the Annotated Code of Maryland (1967
Replacement Volume), and the County Council may issue, deliver and sell
said bonds at public sale in such manner and for such price or prices as it
may by resolution determine, provided that no sale shall be for a price or
prices less than the face value of said bonds and accrued interest thereon.

Section 6. All such bonds shall be issued upon the full faith and credit
of the County which is hereby pledged to the punctual payment of the
principal thereof and interest thereon, and they shall be payable pri-
marily from the taxes and other funds collected from the Silver Spring
Parking Lot District pursuant to Title II, Chapter 44, of the Montgomery
County Code 1965, as now or hereafter amended, but if such taxes and
other funds are insufficient for such purpose, such bonds shall be payable
from unlimited ad valorem taxes levied upon all assessable property within
the County, and the resolution or resolutions of the County Council author-
izing the issuance of such bonds or certificates of indebtedness shall so
provide. In each and every fiscal year that any such bonds are or will be
outstanding, the County and the County Council shall levy or cause to be
levied the special taxes authorized by said Chapter 44 in an amount or
amounts sufficient to provide for the payment when due of the interest and
principal of all such bonds becoming due in such fiscal year, and if the
amount of estimated receipts from such special taxes, together with other
revenues available for the payment of such interest and principal, shall be
insufficient to pay such interest and principal, the County shall levy or
cause to be levied ad valorem taxes upon all the assessable property with
the corporate limits of the County in rate and amount sufficient to provide
for such payments. In the event that the proceeds from such special
taxes and ad valorem taxes upon all the assessable property with the
County levied in any fiscal year, together with other revenues available
for the payment of the interest and principal of such bonds or certificates
of indebtedness, shall prove inadequate for such purpose, additional taxes
shall be levied in the succeeding fiscal year to make up any such deficiency.

Section 7. All such bonds shall have, and are hereby declared to have,
as between