4046                                      LAWS OF MARYLAND                                    Ch. 767

deficiency, shall be added to and collected in the next
year's tax. The [commission] WSSC is authorized to pay the
interest on any bonds it may issue prior to the first tax
levying period out of the proceeds of the sale of the bonds.
For the purpose of paying the principal and/or interest of
bonds due or to become due within [four] 4 months and for
paying the interest maturing on any bonds within [four] 4
months and not otherwise adequately provided for, or for
meeting payments required to be made to its employees and
laborers and not otherwise provided for, the [commission]
WSSC may borrow money in anticipation of taxes, sale of
bonds or other revenue of the fiscal year in which the loan
is made or in anticipation of the taxes, sale of bonds or
other revenue of the next succeeding fiscal year, and such
loan shall be payable not later than the end of the fiscal
year next succeeding the year in which the loan was made.
Negotiable notes shall be issued for all money so borrowed,
which notes may be renewed from time to time, and money may
be borrowed upon new notes from time to time for the payment
of any indebtedness evidenced thereby; but all such notes
and loans shall mature within the time limited for the
payment of the original loan. Such notes may be disposed of
in such manner as the [commission] WSSC may determine,
provided, however, that there shall never be outstanding at
any [one] 1 time any such notes in an aggregate amount in
excess of an amount equal to the total principal of and
interest on bonds of the sanitary district provided to be
due and payable in the fiscal year in which such notes are
issued. All such notes shall be authorized by resolution of
the [commission] WSSC, which shall fix the actual or maximum
face amount of the notes, the actual or maximum rate of
interest to be paid upon the amount borrowed and the actual
or approximate maturity of the notes. The form and manner
of execution of such notes shall be determined by the
[commission] WSSC.

(c) In order that the prompt payment of interest and
the proper provision for the payment of the principal of the
bonds and notes shall be assured, the prompt and proper
performance of the respective acts and duties heretofore
defined is specially enjoined, and [any failure upon the
part of any person, persons, body corporate or agent] A
PERSON MAY NOT FAIL to perform the necessary acts and duties
hereafter set forth, to pay over the funds as required, or
to use the funds or any part thereof for any other purpose
than for the payment of the principal and interest on the
bonds and notes[, is hereby declared a misdemeanor and
punishable as other misdemeanors are punishable by section
18-7].

COMMITTEE NOTE: The last clause of former Article 67, §
4-5(c), which provided a penalty, now appears in
Title 18 of this article.

[4-6] 4-106. Water service charges for retirement.