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Session Laws, 1990 Session
Volume 436, Page 706   View pdf image (33K)
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Ch. 192 LAWS OF MARYLAND

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; 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.

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 $30,000,000 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 semi-annually, 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, as amended, except that the bonds may not be subject to the limitation in
Chapter 122, 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 for Montgomery County
and the County Council for 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, 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 shall be used for the purpose of enlarging, increasing 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.

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 on the
bonds, there shall be levied annually against all of the assessable property within the
Sanitary District, by the County Council of Montgomery County and the County
Council of Prince George's County, or the governing body for each county, respectively,

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Session Laws, 1990 Session
Volume 436, Page 706   View pdf image (33K)
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