HARRY HUGHES, Governor

4149

(C) (1) The [Washington Suburban Sanitary Commission
is authorized and directed to] WSSC SHALL issue [its] bonds
in an amount not exceeding $1,500,000 in [such]
denominations and for [such] terms as provided in § 4-4 of
this article[, such].

(2)  THE bonds [to be] ARE the general obligation
of the [Washington Suburban] Sanitary District, AND ARE
guaranteed as to both principal and interest by [the county
commissioners of] Prince George's County [only; the county
commissioners of].

(3)  Prince George's County [are hereby
authorized and directed to] SHALL guarantee the bonds in
substantially the manner and form of the guarantee of the
construction bonds of the [commission] WSSC.

(4)  [Such] THE guarantee shall operate as a
pledge of the full faith and credit of [the county
commissioners of] Prince George's County to the payment of
the maturing principal and interest of the bonds and, to the
extent that the taxes [hereinafter in] REQUIRED BY this
subsection [provided for] are inadequate to provide the
funds necessary to pay [such] THE principal and interest in
any year, the county council shall levy [upon] ON all
property subject to taxation within its [ corporate limits
ad valorem taxes in rate and amount sufficient to make up
any [such] deficiency.

(5)  [For the purpose of paying] TO PAY the
principal of the bonds as they mature and the interest
[thereon] ON THE BONDS, the Prince George's County Council
shall levy annually [upon] ON all of the property assessed
for county tax purposes [within the portion of] IN the
sanitary district in Prince George's County, [upon] ON the
certification of the [Washington Suburban Sanitary
Commission] WSSC, an ad valorem tax at a rate necessary to
produce annually the sum required to pay the principal and
interest for the current year on the bonds or any part
[thereof] OF THE BONDS outstanding[, which].

(6) THE tax shall be levied and collected as
other [commission] WSSC ad valorem taxes are levied and
collected and paid to the [commission] WSSC.

COMMITTEE NOTE: The WSSC has issued the bonds, and a
small amount remains to be paid off on them.

[(3) The Maryland-National Capital Park and
Planning Commission is authorized and directed to issue its
bonds in an amount not exceeding $1,000,000 in such
denominations and for such terms, not exceeding forty years,
and at such rate, not exceeding five percent, as it may
determine, such bonds shall be issued on the full faith and
credit of the Maryland-National Capital Park and Planning