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1385
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HARRY HUGHES, Governor
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purchase, condemnation, or gift, any land, interests in land, or
structures thereon situate which are or may be subject to the
flood conditions sought to be remedied and remove any buildings
or structures thereon, and thereafter hold the acquired property
or interests in property with restrictions against use thereof
for any residential, commercial, or industrial activity or with
the same limitations and restrictions as to use by lease, sale,
or other contractual arrangement deemed satisfactory to the
Commission, transfer the use of title thereof to another
governmental agency, board or commission of the State of
Maryland, or Prince George's County, or the federal government,
for governmental, public recreational, or other public use not
involving habitation, commercial, or industrial activity. The
cost of implementing the alternate remedy by the measures set
forth herein shall be deemed to be and it is hereby included
within the cost of stormwater, surface drainage, or flood control
projects or systems. The cost of such stormwater, surface
drainage, or flood control projects or systems shall be deemed to
include, in addition to all other items of cost, any portion of
the costs of the design and construction of trunk sewers, sewage
pumping stations, and sewage disposal facilities and major water
supply lines and reinforcing mains and other sanitary sewer and
waiter supply facilities of the Washington Suburban Sanitary
District which the Commission shall determine to have been or
will be incurred on account of the construction or planned
construction of such stormwater, surface drainage, or flood
control projects or systems. Said bonds shall be dated, 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, shall mature at such time or times not
exceeding 40 years from their date or dates, as may be determined
by the Commission, and may be made redeemable before maturity, at
the option of the Commission, at such price or prices and under
such terms and conditions as may be fixed by the Commission prior
to the issuance of the bonds. Such bonds may be issued in coupon
form, or in registered form, or both, as the Commission may
determine, and provision may be made for the registration of any
coupon bonds as to principal alone. The Commission shall fix the
denomination or denominations of the bonds and the form and
manner of execution of the bonds and of any interest coupons to
be attached thereto.
(b) The bonds authorized by the Commission to be issued
hereunder at any one time for payment of the cost of stormwater,
surface drainage, or flood control projects or systems, including
the cost of any engineering or other surveys in connection
therewith, in that portion of the Washington Suburban Sanitary
District situated in Prince George's County, shall constitute a
separate series from any other bonds of the District, and the
proceeds therefrom shall be used for the aforesaid purposes in
that portion of the District. For the payment of the principal
of and the interest on the bonds of such series, and for the
payment of the interest on any notes issued under the provisions
of subsection (c), below, in anticipation of the issuance of any
bonds of such series, the County Council of Prince George's
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