BLAIR LEE III, Acting Governor

1517

for any residential, commercial or industrial activity or
with the same limitations and restrictions as to use by
lease, sale or other contractual arrangement deemed
satisfactory to the Commission, transfer the use or title
thereof to another governmental agency, board or commission
of the State of Maryland, or Prince George's County, or the
federal government, for governmental, public recreational or
other public use not involving habitation, commercial or
industrial activity. The cost of implementing the alternate
remedy by the measures set forth herein shall be deemed to
be and it is hereby included within the cost of storm water,
surface drainage or flood control projects or systems. The
cost of such storm water, surface drainage or flood control
projects or systems shall be deemed to include, in addition
to all other items of cost, any portion of the costs of the
design and construction of trunk sewers, sewage pumping
stations, sewage disposal facilities, major water supply
lines, reinforcing mains, and other sanitary sewer and water
supply facilities of the Washington Suburban Sanitary
District which the Commission shall determine to have been
or will be incurred on account of the construction or
planned construction of such storm water, surface drainage
or flood control projects or systems. Said bonds shall be
dated, shall bear interest at such rate or rates not
exceeding eight percent per year, shall mature at such time
or times not exceeding forty years from their date or dates,
as may be determined by the Commission, and may be made
redeemable before maturity, at the option of the Commission,
at such price or prices and under such terms and conditions
as may be fixed by the Commission prior to the issuance of
the bonds. Such bonds may be issued in coupon or in
registered form, or both, as the Commission may determine,
and provision may be made for the registration of any coupon
bonds as to principal alone. The Commission shall fix the
denomination or denominations of the bonds and the form and
manner of execution of the bonds and of any interest coupons
to be attached thereto.

(b) The bonds authorized by the Commission to be
issued hereunder at any one time for payment of the cost of
storm water, surface drainage, or flood control projects of
systems, including the cost of any engineering or other
surveys in connection therewith, in that portion of the
Washington Suburban Sanitary District situated in Prince
George's County, shall constitute a separate series from any
other bonds of the District, and the proceeds therefrom
shall be used for the aforesaid purposes in that portion of
the District. For the payment of the principal and interest
on the bonds of such series, and for the payment of the
interest on any notes issued under the provisions of
subsection (c), below, in anticipation of the issuance of
any bonds of such series, the County Council of Prince
George's County shall levy annually upon all of the property
assessed for county tax purposes within such portion of said
Sanitary District in Prince George's County, upon the
certification of the Washington Suburban Sanitary
Commission, an ad valorem tax at a rate necessary to produce
annually the sum required to pay such principal and interest