4052

LAWS OF MARYLAND

Ch. 767

(e) Any provisions of law requiring the fixing and
collecting of front foot benefit charges for the payment of
the principal of and the interest on the outstanding bonds
so refunded shall apply to the payment of the refunding
bonds issued under this section to refund such outstanding
bonds.

[4-10] 4-110. Bonds for trunk sewers, pumping stations, and
sewage disposal facilities.

(a)  For the purpose of providing funds for the design
and construction of trunk sewers and those sewers or
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] WSSC, 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] WSSC created by Chapter 122 of the Acts
of the General Assembly of Maryland of 1918, may issue bonds
of the [Sanitary District] 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 (§ [4-l(a) and (b)] 4-101(A) AND (B) of
this [article] TITLE). 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] 3 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] WSSC, with interest at such rate or rates
per annum as provided in § [4-4] 4-104 of this [article]
TITLE payable semi-annually and with a maturity date not
exceeding 40 years from the date of issue. All bonds of the
[Commission] WSSC 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] WSSC 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] COUNTIES, 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] WSSC or, if the [commission]
WSSC shall so provide, by any [two] 2 of its members, and