Marvin Mandel, Governor                        1731

semi-annually, and shall be retired serially, the last bond to be retired
not later than forty (40) years from the date of issue. The Com-
mission may offer for sale and issue such bonds, from time to time,
as its necessity requires. The bonds shall be executed and issued
under the same provisions, limitations and restrictions applicable
to the bonds issued by the Commission under the provisions of
Chapter 122, as amended, except that the bonds shall not be subject
to the limitation in Chapter 122, as amended, on the amount of
bonds that may be issued and shall not be included in computing the
amount of bonds that may be issued under said Chapter 122, as
amended. The bonds shall be forever exempt from taxation by the
State of Maryland and by the counties and municipalities in said
State. The bonds shall be guaranteed, as to the payment of principal
and interest, by the County Council for Montgomery County and the
Board of County Commissioners for Prince George's County or such
governing body for each County, respectively, as may be provided
by law or instrument of charter, if adopted, which guarantee shall
be in the form and under the provisions of Section 5 of said chapter
122, or any amendment thereof or any section enacted in lieu thereof.
The Commission may, however, at its option, waive the guarantee
of the Counties herein prescribed.

Sec. 2. And be it further enacted, That the proceeds of said
bonds shall be used for the purpose of enlarging, increasing and
augmenting the water supply of the area served by said Commission,
including the construction or enlargement of any impounding reser-
voir, filter plant, filtered water storage structure, or pumping station,
and all the necessary pipe lines and accessories appurtenant thereto,
and the construction of major supply lines and reinforcing mains.

Sec. 3. And be it further enacted, That for the purpose of re-
tiring bonds authorized to be issued by this Act, and payment of
the interest thereon, there shall be levied against all of the assess-
able property within the Sanitary District, by the County Council
and by the County Commissioners of Montgomery and Prince
George's Counties, annually, so long as said bonds are outstanding
and not paid, a tax sufficient to meet the interest on said bonds, and to
pay the principal thereof as the said principal and interest mature
or become due; said tax shall be determined, levied, collected and
paid over to said Commission in the manner provided by Section 6
of said Chapter 122, or any amendment thereof, and all of the pro-
visions of said Section 6 shall apply to the bonds issued hereunder.

Sec. 4. And be it further enacted, That said Commission shall
annually determine the amount necessary to meet the principal and
interest requirements of said bonds, and shall annually fix the water
service charge of said District at such a sum as to produce, in
addition to the costs of said service, and the requirements of any
other bonds issued and outstanding, the annual requirements of
which are to be paid out of said water service, the amount determined
as necessary to pay the annual requirements of the bonds hereby
authorized. The sum so collected annually from water service charges
shall be deducted from the amount which the Commission has de-
termined to be necessary to be raised by direct taxation upon certi-
fication to the County Council and to the County Commissioners
of said Counties.