Ch. 503

LAWS OF MARYLAND

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved May 14, 1987.

CHAPTER 503

(House Bill 739)

AN ACT concerning

Washington Suburban Sanitary District

MC/PG 6-87

- Bond Issue - Water

FOR the purpose of authorizing the issuance of bonds for the
Washington Suburban Sanitary District in an amount not
exceeding $8,000,000, for enlarging, increasing and
augmenting the water supply and major distribution
facilities of the Sanitary District; providing that the
bonds shall be guaranteed as to payment of principal and
interest by the County Council of Montgomery County and the
County Council of Prince George's County, or the governing
body for each county, respectively, as may be provided by
law or instrument of Charter, with a provision for waiver of
the guarantee at the option of the Commission; providing for
the payment of the bonds and the interest on the bonds by
levy of taxes against assessable property within the
Sanitary District; providing for the collection of water
service charges; and providing for the ratification and
confirmation of any guarantee made by the County Council of
Montgomery County and the County Council of Prince. George's
County, or the governing body for each county, respectively,
as may be provided by law or instrument of Charter, of any
water supply bonds of the Washington Suburban Sanitary
District heretofore issued.

- 2336 -

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Washington Suburban Sanitary Commission,
created by Chapter 122 of the Acts of the General Assembly of
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 $8,000,000, which bonds
shall be in addition to any bonds authorized to be issued under
Chapter 122 of the Acts of 1918, or any amendments thereof, or
under any other Act of the General Assembly of Maryland, and
shall be fully registered bonds without coupons in a form that
the Commission deems necessary or desirable, in such denomination
or denominations as shall be determined by the Commission, and
shall bear interest at such rate or rates annually as the