3728

LAWS OF MARYLAND

[Ch. 892

PERCENT A YEAR, and to be signed by the chairman and
secretary—treasurer of the Commission, as [may be]
necessary to meet its expenses within either county under
this [subheading] TITLE and also to meet debt service
payable from the seven cent tax authorized in this
[subheading] TITLE on the bonds authorized hereinabove in
this [subheading] TITLE; [said] THESE suns of money to be
borrowed from any bank or institution or individual
willing to lend them. The Commission [is authorized]
from time to time [to] MAY reissue or renew its tax
anticipation certificates of indebtedness at the same or
a greater interest rate not exceeding six [per centum
(6%) per annum] PERCENT A YEAR, provided that the total
amount so borrowed and outstanding in any fiscal year
[shall] DO not exceed [seventy—five per centum (75%)] 75
PERCENT of the total proceeds received by the Commission
from the tax levied and collected during the Commission's
preceding fiscal year with [such] THE county under this
[subheading] TITLE. All moneys [so] borrowed within any
fiscal year shall be repaid during the next succeeding
fiscal year from the proceeds of the [said] tax received
by the Commission in the fiscal year last mentioned..

[50.]6-107.

The Commission [has the authorizations and
directives for the] MAY issue [of] bonds for financing
the Anacostia River flood control and navigation projects
as provided in Section 83-118(b) of the 1963 Edition of
the Code of Public Local Laws of Prince George's County,
as that section may be amended or renumbered from time to
time. The Commission also has the directive to pay a pro
rata share of the principal and interest on bonds issued
under the authority of Section 83—119 of the 1963 Edition
of the Code of Public Local Laws of Prince George's
County, as the same was enacted by Chapter 154 of the
Acts of the General Assembly of 1955 and as it may be
amended or renumbered from time to time.

[51.] 6-108.

(a) Required in Montgomery County. [From June 1,
1953,] Montgomery County [is authorized and directed to]
SHALL levy against all of the property within that
portion of the Metropolitan District within Montgomery
Country assessed for the purposes of county taxation,
annually the tax of nine cents [(9¢)] on each [one
hundred dollars ($100.00)] $100 of assessed valuation.
The tax shall be levied notwithstanding the fact that no
interest may be due on any [said] bonds or notes and/or
notwithstanding the fact that no bonds or notes
[whatever] have been issued under this [subheading]
TITLE. Every [sixty (60)] 60 days the tax so levied and
collected to date by the county shall be remitted to the