2336                                   LAWS OF MARYLAND                                Ch. 240

PRINCIPAL AT MATURITY IS GUARANTEED BY (NAME OF MEMBER
COUNTY), MARYLAND".

REVISOR'S NOTE: This section is new language derived
without substantive change from the ninth
sentence, the first, second, and third clauses of
the second sentence, and the first clause of the
12th sentence of former Article 43, § 654(a).

The introductory language of item (6) of this
section is new language added to emphasize the
limitation on liability of each member county of
a multiple county district.

Also in item (6) of this section, the former
requirement that bonds "be guaranteed as to
payment of principal and interest by the county
or counties in which said district lies" is made
express by the revised endorsement required under
item (6) of this section.

In 1970, a pair of enactments amended, in a
somewhat similar manner, former Article 43, §
654(a). Chapter 626, Acts of 1970 specifically
applied to Calvert County and provided for the
removal of the interest ceiling on bonds, while
Ch. 248, Acts of 1970 applied statewide and
provided for the same removal of the interest
ceiling. In the published version of the Code
and in this revision, no express reference is
made to Calvert County in light of the statewide
removal of the interest ceiling.

9-687. SIGNING OF BONDS.

(A) FOR DISTRICT.

AN OFFICER OF THE DISTRICT SHALL SIGN THE BONDS FOR THE
DISTRICT.

(B) FOR MEMBER COUNTY.

WITHIN 10 DAYS AFTER THE SANITARY COMMISSION SUBMITS
THE BONDS TO A MEMBER COUNTY FOR ENDORSEMENT, THE
ENDORSEMENT OF THE MEMBER COUNTY GUARANTEEING THE BOND SHALL
BE SIGNED BY:

(1) THE CLERK OR SECRETARY OF THE GOVERNING BODY
OF THE MEMBER COUNTY; AND

(2) (I) THE CHIEF EXECUTIVE OFFICER OF THE
MEMBER COUNTY; OR                                                                         

(II) ANOTHER OFFICER OF THE MEMBER COUNTY
AUTHORIZED BY A RESOLUTION OF THE GOVERNING BODY OF THE