ROBERT L. EHRLICH, JR., Governor                             Ch. 247

REAL PROPERTY OF A PUBLIC UTILITY AND NOT EXCEEDING FORTY-FIVE CENTS
($0.45) ON EACH ONE HUNDRED DOLLARS ($100.) WORTH OF ASSESSABLE PERSONAL
PROPERTY AND OPERATING REAL PROPERTY OF A PUBLIC UTILITY in the area, as
herein before described, to be collected as all other taxes in said county are collected,
to be paid over by said Board of County Commissioners to the County Comptroller.

56-7.

For the purpose of providing funds for the design, construction, establishment,
purchase or condemnation of water supply, sewerage and drainage systems in the
sanitary district, the Board of County Commissioners of Allegany County is
authorized and empowered to issue bonds from time to time upon the full faith and
credit of Allegany County in such amounts as it may deem to be necessary for the
Commission to carry on its work, but at no time shall the total issue of bonds for all
purposes under this chapter exceed [twenty percent (20%) of the total value of the
property] THE SUM OF EIGHT PERCENT (8%) OF THE TOTAL VALUE OF REAL
PROPERTY OTHER THAN OPERATING REAL PROPERTY OF A PUBLIC UTILITY AND 20%
OF THE TOTAL VALUE OF PERSONAL PROPERTY AND OPERATING REAL PROPERTY OF
A PUBLIC UTILITY assessed for county taxation purposes within said sanitary district.
Said bonds shall be serial bonds issued upon the serial maturing plan and in such
denominations as shall be determined by said County Commissioners. The bonds may
be redeemable before maturity at the option of said County Commissioners at such
price and under such terms and conditions as may be fixed by said County
Commissioners prior to the issuance of said bonds and shall mature in not more than
thirty (30) years after date of issue and shall be forever exempt from state, city and
county taxation. They shall be issued under the signature and Seal of said County
Commissioners. At any time prior to the issuance of any such bonds, the County
Commissioners are hereby authorized to furnish to the Commission a sum not
exceeding five thousand dollars ($5,000.), which shall be repaid out of the first
available moneys derived from the sale of the first bonds issued. If in any year the
proceeds of the district taxes and assessments authorized by this chapter for the
payment of debt service on the bonds herein authorized are insufficient for such
purpose, then the County Commissioners of Allegany County shall make up the
deficiency by the levying on all property in the county subject to unlimited county
taxation of ad valorem taxes in rate and amount sufficient for this purpose.

56-8.

A. For the purpose of retiring the bonds authorized to be issued by this
chapter and of paying the interest thereon, the Commission shall cause to be levied
against all assessable property within said sanitary district for which said bonds have
been issued by the County Commissioners of Allegany County annually so long as any
of said bonds are outstanding and not paid a tax sufficient to provide such sum as the
Commission may deem sufficient and necessary, but not exceeding the sum of [one
dollar ($1.)] FORTY CENTS ($0.40) on every one hundred dollars ($100.) of assessable
[property] REAL PROPERTY OTHER THAN OPERATING REAL PROPERTY OF A PUBLIC
UTILITY AND NOT EXCEEDING ONE DOLLAR ($1.) ON EVERY ONE HUNDRED DOLLARS
($100.) OF ASSESSABLE PERSONAL PROPERTY AND OPERATING REAL PROPERTY OF A
PUBLIC UTILITY within said district, in conjunction with any amounts as the
Commission may estimate that it will be able to collect out of the benefit assessments

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