Marvin Mandel, Governor                        1771

received therefor at more than six per centum per annum, except
that in Culvert County, there shall be no interest ceiling, computed
with relation to the absolute maturity of the bonds in accordance
with standard tables of bond values, excluding, however, from such
computation the amount of any premium to be paid on the re-
demption of any bonds prior to maturity. Said bonds shall be forever
exempt from State, city and county taxation. They shall be is-
sued under the signature and seal of the district and shall be
guaranteed as to payment of principal and interest by the county
or counties in which said district lies, which guarantee shall be en-
dorsed on each of said bonds in the following language: "The pay-
ment of interest when due and the principal at maturity is guaran-
teed by...................... (corporate name of body politic and corporate

guaranteeing the bonds) ...................., Maryland." Such endorsement

shall be signed on each of said bonds by the chief executive officer
(or other officer designated by resolution of the particular govern-
ing body) and by the clerk or secretary of the particular governing
body or bodies within ten days after the bonds are presented by
the commission to them for endorsement. In the event the bonds
are guaranteed by two or more counties pursuant to the provisions
of this subtitle, the liability of any one county so guaranteeing the
bonds shall be in such proportion as the assessable basis of that
part of such county within the sanitary district or sanitary dis-
tricts for which the bonds are issued bears to the assessable
basis of the whole of the sanitary district or sanitary districts for
which the bonds are issued. Such bonds, so endorsed, shall be, and
they shall so recite, unconditional general obligations of the county
or counties endorsing the same; and this subtitle shall be construed
as a specific grant of authority to any county to issue and sell such
bonds in the manner herein prescribed. At any time prior to the
issuance of any such bonds the governing body of a particular
county is hereby authorized and directed to furnish to the commission
a sum not exceeding twenty-five thousand dollars ($25,000.00) which
shall be repaid out of the first available moneys derived from the
sale of the first bonds issued, if any.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1970.

Approved May 5, 1970

CHAPTER 627
(House Bill 1157)

AN ACT to repeal and re-enact, with amendments, Section 5 (b) of
Article 66C of the Annotated Code of Maryland (1969 Supple-
ment), title "Natural Resources," subtitle "In General," subhead-
ing "Department of Natural Resources," to provide for the pub-
lication of the periodical known as the Maryland Conservationist
by the Secretary of Natural Resources.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 5 (b) of Article 66C of the Annotated Code of Maryland