2712                                          LAWS OF MARYLAND                      [Ch. 806

the Washington Suburban Sanitary District in an
amount not exceeding $25,000,000 for enlarging,
increasing and augmenting the water supply and major
distribution facilities of said District; to provide
that said bonds shall be guaranteed as to payment of
principal and interest by the County Council of
Montgomery County and the County Council of Prince
George's County, with a provision for waiver of such
guarantee at the option of the Commission; to
provide for the payment of said bonds and the
interest thereon by levy against assessable property
within the Sanitary District; and to provide for the
ratification and confirmation of any guarantee made
by the County Council of Montgomery County and the
County Council of Prince George's County of any
water supply bonds of the Washington Suburban
Sanitary District heretofore issued.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Washington Suburban Sanitary
Commission, created by Chapter 122, of the Acts of the
General Assembly of Maryland of 1918, be and it is hereby
authorized and empowered to issue bonds of said Sanitary
District in an aggregate principal amount not exceeding
twenty five million dollars ($25,000,000), which bonds
shall be in addition to any bonds authorized to be issued
under said Chapter 122, or any amendments thereof, or
under any other Act of the General Assembly of Maryland,
and shall be registered or coupon bonds, in such
denomination or denominations as shall be determined by
the Commission, and shall bear interest at a rate or
rates not exceeding eight per centum (8%) per annum,
payable semi—annually, and shall be retired serially,
the last bond to he retired not later than forty (40)
years from the date of issue. The Commission 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 County Council 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