MARVIN MANDEL, Governor                           1105

Commission shall then determine in the manner above
prescribed the amount which it deems necessary to be
raised during the ensuing year for the payment of
interest and principal of all serial bonds maturing in
[said] THE year, and after deducting all amounts in hand
or in contemplation applicable to payments of interest
and principal on [said] THE bonds as hereinbefore and
hereinafter in the subtitle provided; it shall determine
the number of cents per $100.00 necessary to raise the
said amount for each such sanitary district and shall
certify the same to the Board of Commissioners at least
[sixty (60)] 60 days before July 1 of each year. The
[said] County Commissioners in their next annual levy
shall levy [said] THE tax on all land and improvements
and all other property assessed for county tax purposes
within the respective sanitary district, which tax shall
be levied and collected and have the same priority
rights, bear the same interest and penalties and in every
respect be treated the same as county taxes. The tax so
levied for the ensiling year shall be collected by the
tax collecting authorities and every [one hundred twenty
(120)] 120 days they shall remit the whole amount of the
tax so collected to the Commission. From the money so
received, together with the amount in hand to the credit
of said bond fund, the Commission shall first pay all
interest and principal on [said] THE bonds as it becomes
due, and shall then deposit the residue of [said] THE
moneys in some bank or banks in [said] THE County to the
joint credit of the County Commissioners and the
Commission. The Commission is authorized to pay the
interest on any bonds it may issue out of the proceeds
of the sale of [said] THE bonds, but not more than two
years' interest may be expended. Nothing contained in
this section or in this subtitle shall be construed as in
any manner relieving the County Commissioners of St.
Mary's County of its unconditional pledge of its full
faith and credit and unlimited taxing power to the
payment of principal and interest on any bonds issued by
the Commission pursuant to Section 161 of this subtitle.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved April 8, 1975.

CHAPTER 163

(Senate Bill 912)