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Session Laws, 1974
Volume 713, Page 2713   View pdf image
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MARVIN MANDEL, Governor                             2713

amendment thereof or any section enacted, in lieu thereof.
The Commission may, however, at its option, waive the
guarantee of the Counties herein prescribed.

SECTION 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 reservoir,
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.

SECTION 3. AND BE IT FURTHER ENACTED, That for the
purpose of retiring bonds authorized to be issued by this
Act, and payment of the interest thereon, there shall be
levied against all of the assessable property within the
Sanitary District, by the County Council of Montgomery
County and by the County Council of Prince George's
County, 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 provisions of said Section 6 shall apply to the bonds
issued hereunder.

SECTION 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 determined to be necessary to be raised by direct
taxation upon certification to the County Councils of
Montgomery and Prince George's Counties.

SECTION 5. AND BE IT FURTHER ENACTED, That any
guarantee of any water supply bonds heretofore made by
the County Council of Montgomery County and the County
Council of Prince George's County be and the same is
hereby ratified and confirmed.

SECTION 6. AND BE IT FURTHER ENACTED, That if any
word, phrase, clause, sentence or any part or parts of

 

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Session Laws, 1974
Volume 713, Page 2713   View pdf image
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