3088

LAWS OF MARYLAND

Ch. 805

principal at maturity is guaranteed by Montgomery and Prince
George's counties, Maryland". The bonds of the sanitary
district shall be signed by the chairman and the secretary
and the treasurer of the commission or, if the commission
shall so provide, by any two of its members and the official
seal of the commission shall be impressed upon the bonds.
However, the commission may authorize any of its officials
to sign the bonds with his facsimile signature. Also, the
commission may authorize a facsimile of the official seal of
the commission to be imprinted on the bonds, in which case
it shall not be necessary that the official seal be
impressed physically upon the bonds. The guaranty or
endorsement by the county council shall be signed on each of
the bonds on behalf of each county by the county executive
or by any officer designated for that purpose by the county
executive, by his facsimile or manual signature as the
county executive shall determine, within 20 days after the
bonds are presented by the commission for the signing of the
endorsement. In the event of any liability under the above
guaranty, the liability for each county shall be in whatever
proportion as the assessable basis of that part of either
county within the sanitary district bears to the assessable
basis of the whole, of the district. Notwithstanding the
foregoing provisions of this paragraph, the commission may,
at its option and pursuant to the provisions of section
[71-12] 4-3 of this [Code] ARTICLE, waive the guarantee of
the counties above provided for.

(c)  Bond anticipation notes.

(d)  As to any bonds issued under the provisions of
this section for the purpose of providing funds for the
construction, remodelling, enlargement or replacement of any
office or operating building or buildings, [said] THE
commission shall annually determine the amount necessary to
meet the principal and interest requirements of such bonds,
and shall set aside annually for such purpose so much of the
receipts from water service charges, sewer usage charges,
house connection charges and any other charges imposed by
the commission as the commission shall determine to be fair
and equitable to be so set aside, and the amounts of such
receipts so set aside shall be deducted from the amount
which the commission has determined to be necessary to be
raised by direct taxation under the provisions of section 6
of [said] chapter 122 of the Laws of Maryland of 1918, as
amended [(said section being also section 83-67 of said Code
of Public Local Laws of Prince George's County (1963
edition) and section 74-33 of said Montgomery County Code
(1955 edition)], SECTION 4-5 OF THIS ARTICLE, upon
certification to the county council of Montgomery County and
the county commissioners of Prince George's County.

(e)  The county executive of Montgomery County or the
board of county commissioners of Prince George's County may
at any time in person or by either of their duly authorized
agents, audit and examine the books and records of the
commission; provided, however, that such audit or