Marvin Mandel, Governor                        1071

credit of such current bond fund, or applicable to the payment of
interest on its bonds and notes and the principal thereof, the Sanitary
Commission shall first pay all interest on such bonds and notes as it
matures, pay, or reserve a sufficient amount of money to pay, its
serial bonds maturing in such taxable year, and shall then deposit
in some bank or banks in one or both of the counties, to the credit of
the County Council and Commissioners of both counties and the
Commission, as a joint fund to be known as the "Sinking Fund
Account," the amount so raised for the payment of the proportionate
part of the principal of such sinking fund bonds.

71-32 (83-83).

(b) They shall be issued under the hand and seal of the Com-
mission and shall be guaranteed as to payment of principal and
interest by the County Council for Montgomery County and by the
County Commissioners of Prince George's County, which guarantee
shall be endorsed on each of such bonds in the following language:
"The payment of interest when due and the principal at maturity
is guaranteed by Montgomery and Prince George's Counties, Mary-
land." The bonds of the sanitary district shall be signed by the
chairman and the secretary and the treasurer of the Commission or,
if the Commission shall so provide, by any two of its members, and
the official seal of the Commission shall be impressed upon the bonds;
provided, however, that the Commission may authorize any of
such officials to sign the bonds with his facsimile signature; except
that each of such bonds shall be manually signed by at least one of
such officials; and provided, further, that the Commission may au-
thorize a facsimile of the official seal of the Commission to be
imprinted on the bonds, in which case it shall not be necessary
that such official seal be impressed physically upon the bonds. Such
guarantee or endorsement by the County Council and by the County
Commissioners shall be signed on each of such bonds on behalf of
the each county by the [secretary of the county council] County
Executive and the clerk of the Board of County Commissioners or by
any officer designated for such purpose by the County [council]
Executive and County Commissioners, by his facsimile or manual
signature as the County [council] Executive and the Board of
County Commissioners shall each respectively determine, within
twenty days after the bonds are presented by the Commission for
the signing of such endorsement. In the event of any liability under
the above guarantee, such liability for each county shall be in such
proportion as the assessable basis of that part of either county
within the sanitary district bears to the assessable basis of the
whole of such district. Notwithstanding the foregoing provisions
of this paragraph, the Commission may, at its option and pursuant
to the provisions of Section 71-12 of this Code, waive the guarantee
of such counties above provided for.

71-39 (83-90).

The Commission, or after June 30, 1968 in Montgomery County,
except for that portion of the City of Takoma Park now situated in
Montgomery County, the County Council, may require any owner
or developer of a subdivision or tract of land upon which dwellings,
apartments, stores or other buildings, are to be erected to contribute
what it deems to be a fair share of the cost of a drainage project