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Session Laws, 1994
Volume 773, Page 2039   View pdf image
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WILLIAM DONALD SCHAEFER, Governor                         Ch. 403

the Commission; providing for the payment of the bonds and the interest on the
bonds by levy or taxes against assessable property within the Sanitary District;
providing for the collection of water service charges; 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; making the provisions of this Act severable; and generally relating to the
authorization for the issuance of certain bonds for the Washington Suburban
Sanitary District.

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 $19,000,000 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 Commission
determines to be advantageous to the Sanitary District and otherwise in the public
interest, payable semiannually, and shall be retired serially, the last bond to be retired not
later than 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 of 1918, as amended,
except that the bonds may not be subject to the limitation in Chapter 122 of 1918, as
amended, on the amount of bonds that may be issued and may not be included in
computing the amount of bonds that may be issued under Chapter 122, as amended. The
bonds shall be forever exempt from taxation by the State of Maryland and by the counties
and municipalities in the State. The bonds shall be guaranteed, as to the 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, which guarantee shall be in the form
and under the provisions of Section 5 of Chapter 122 of 1918, or any amendment thereof
or any section enacted in lieu thereof. The Commission, however, at its option may waive
the guarantee of the counties prescribed in this Act.

SECTION 2. AND BE IT FURTHER ENACTED, That the proceeds of the bonds
authorized by Section 1 of this Act shall be used for the purpose of reconstructing,
enlarging, increasing capacity, and augmenting the water supply of the area served by the
Commission, including the construction or enlargement of any impounding reservoir,
filter plant, filtered water storage structure, or pumping station, and all the necessary
pipelines and accessories appurtenant thereto, and the construction of major supply lines
and reinforcing mains.

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Session Laws, 1994
Volume 773, Page 2039   View pdf image
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