HARRY HUGHES, Governor

3097

portions of sewer lines required to relieve septic tank
failures and for which no front foot benefit charges can be
collected as determined by the commission, sewage pumping
stations and sewage disposal facilities including
reimbursement to the District of Columbia or other federal
authorities for any construction within the District of
Columbia after January 1, 1951, the Washington Suburban
Sanitary Commission created by Chapter 122 of the Acts of
the General Assembly of Maryland of 1918, may issue bonds of
the Sanitary District from time* to time, in amounts it
considers necessary, but the aggregate amount of bonds
issued under this section shall be included in and subject
to the 14 percent limitation as provided in Section 5 of
Chapter 122 of the Acts of the General Assembly of 1918, as
amended (section 4-l(a) and (b) of this [Code] ARTICLE).
Bonds issued under the authority of this section shall be
serial bonds with the principal of any given issue payable
annually, commencing not more than three years from the date
of the bonds. The bonds may be either registered or coupon
bonds, or registerable as to principal with interest
represented by coupons, and issued in a denomination or
denominations as shall be determined by the Commission, with
interest at such rate or rates per annum as provided in
section 4-4 of this [Code] ARTICLE payable semi-annually and
with a maturity date not exceeding 40 years from the date of
issue. All bonds of the Commission issued pursuant to the
authority of this section are exempt from taxation by the
State of Maryland and by the counties and municipalities in
the State.

(b) They shall be issued under the hand and seal of
the commission and shall be guaranteed as to payment of
principal and interest by the county council for Montgomery
County and by the county commissioners of Prince George's
County, which guarantee shall be endorsed on each of such
bonds in the following language: "The payment of interest
when due and the 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; provided, however, that
the commission may authorize any of such officials to sign
the bonds with his facsimile signature; except that each of
such bonds shall be manually signed by at least one of such
officials; and provided, further, that 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 such official seal be impressed physically
upon the bonds. Such guarantee or endorsement by the county
council and by the county commissioners shall be signed on
each of such bonds on behalf of each county by the county
executive and the clerk of the board of county commissioners
or by any officer designated for such purpose by the county
executive and county commissioners, by his facsimile or
manual signature as the county executive and the board of