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Ch. 447
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1382
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LAWS OF MARYLAND
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Maryland of 1918, be and it is hereby authorized and empowered to
issue bonds of the Washington Suburban Sanitary District in an
aggregate principal amount not exceeding Thirty-Five Million
Dollars ($35,000,000), which bonds shall be in addition to any
bonds authorized to be issued under said Chapter 122, or any
amendments thereof, or under any other Act of the General
Assembly of Maryland, and shall be registered or coupon bonds, in
such denomination or denominations as shall be determined by the
Commission, and shall bear interest at such rate or rates
annually as the Commission determines to be advantageous to the
District and otherwise in the public interest, payable
semiannually, and shall be retired serially, the last bond to be
retired not later than forty (40) years from the date of issue.
The Commission may offer for sale and issue such bonds, from time
to time, as its necessity requires. The bonds shall be executed
and issued under the same provisions, limitations and
restrictions applicable to the bonds issued by the Commission
under the provisions of Chapter 122, as amended, except that the
bonds shall not be subject to the limitation in Chapter 122, as
amended, on the amount of bonds that may be issued and shall not
be included in computing the amount of bonds that may be issued
under said Chapter 122, as amended. The bonds shall be forever
exempt from taxation by the State of Maryland and by the counties
and municipalities in said State. The bonds shall be guaranteed,
as to the payment of principal and interest, by the County
Council for Montgomery County and the County Council for Prince
George's County or such governing body for each County,
respectively, as may be provided by law or instrument of Charter,
if adopted, which guarantee shall be in the form and under the
provisions of Section 5 of said Chapter 122, or any amendment
thereof or any section enacted in lieu thereof. The Commission
may, however, at its option, waive the guarantee of the Counties
herein prescribed.
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SECTION 2. AND BE IT FURTHER ENACTED, That the proceeds of
said bonds shall be used for the purpose of enlarging, increasing
and augmenting the water supply of the area served by said
Commission, including the construction or enlargement of any
impounding reservoir, filter plant, filtered water storage
structure, or pumping station, and all the necessary pipe lines
and accessories appurtenant thereto, and the construction of
major supply lines and reinforcing mains.
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SECTION 3. AND BE IT FURTHER ENACTED, That for the purpose
of retiring bonds authorized to be issued by this Act, and
payment of the interest thereon, there shall be levied against
all of the assessable property within the Sanitary District, by
the County Council of Montgomery County and by the County Council
of Prince George's County, or such governing body for each
county, respectively, as may be provided by law or instrument of
Charter, if adopted, annually, so long as said bonds are
outstanding and not paid, a tax sufficient to meet the interest
on said bonds, and to pay the principal thereof as the said
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