1136                             Laws of Maryland                      [Ch. 507

631F. Operation and Maintenance of Water Supply System.

(a)    Rules and Regulations. Either before, during or upon the
completion of the water supply system deemed necessary for the
supply of an abundance of water for the environs of Allegany County,
Maryland, the Commission is empowered to take over, acquire, con-
trol, maintain and operate the water supply system in its own name
and at its own expense and to make and enforce those rules and
regulations as may be required by reason of the contracts or agree-
ments, or as the Commission may deem necessary to properly supply
Allegany County and its environs with an adequate water supply.

(b)    Tax Levy. The County Commissioners of Allegany County
shall provide sufficient funds to accomplish the preliminary survey-
ing, engineering and optioning of land necessary to provide a source
of adequate water supply for the County. They may issue bonds for
the purchase of that land, for the erection of impoundments and
appurtenant structures in connection therewith, to the extent of the
County's share in the costs, and shall levy upon the assessed property
of the County a tax sufficient to service and retire those bonds, when
and if issued, and to protect, preserve and maintain the source of
water supply.

631G. Revenue Bonds.

(a)    Authorized. The Commission is hereby authorized and
empowered to provide by resolution for the issuance at one time, or
in series from time to time, revenue bonds of the Commission for
the purpose of providing funds for paying the cost of acquisition and
construction of transmission, treatment and distribution facilities
of the water supply system as provided for in this subtitle and the
bonds and any interest coupons to be attached thereto shall be
executed in a manner as may be determined by the Commission.

(b)    Interest; Maturity. The bonds of each series issued under
the provisions of this section shall bear interest, and shall be stated
to mature at those time or times, not exceeding forty (40) years
from, their date, as may be determined by the Commission.

(c)    Payment to Trustee. The proceeds of the bonds of each series
issued under the provisions of this section shall be paid to the Trustee
under the Trust Agreements securing those bonds and shall be dis-
bursed in the manner and under those restrictions, if any, as may
be provided in the Trust Agreement.

(d)    Bonds payable from Revenues. Bonds issued under the pro-
visions of this subheading shall not be deemed to constitute a debt
of the State or of any political subdivision thereof or a pledge of the
faith and credit of the State or of any political subdivision, but those
bonds shall be payable solely from the funds herein provided therefor
from revenues of the facilities. All of those revenue bonds shall
contain on the face thereof a statement to the effect that neither the
Commission nor the State nor any political subdivision thereof shall
be obligated to pay them or the interest thereon except from revenues
and that neither the faith and credit nor the taxing power of the
State or any political subdivision thereof is pledged to the payment
of the principal of or the interest on those bonds.