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64 LAWS OF MARYLAND Ch. 43
either at public or at private sale, and for such price
as it may determine[, but no such sale of revenue bonds
shall be made at a price so low as to require the payment
of interest on the money received therefor at more than
five per centum (5%) per annum, computed with relation to
the absolute maturity of the bonds in accordance with
standard tables of bond values, excluding, however, from
such computation the amount of any premium to be paid on
redemption of any bonds prior to maturity].
623.
(c) [The terms "facility"] "FACILITY" and
"facilities" [shall] mean and [shall] include complete
works for the treatment of sewage, industrial and other
wastes in the Luke—Westernport area and any area
contiguous [thereto] TO THAT AREA or in the vicinity
[thereof] OF THAT AREA, including all plants, systems,
facilities or properties used or useful or having the
present capacity for future use in connection with the
collection, carrying away, treating, neutralizing,
stabilizing or disposing of sewage, industrial wastes or
other wastes, and any integral part [thereof] OF THEM,
including sewage treatment plants, disposal fields,
lagoons, pumping stations, drainage ditches, surface
water intercepting ditches, outfall sewers, trunk sewers,
intercepting sewers, force mains, pipes, pipe lines,
conduits, equipment, appurtenances, and all properties,
rights, easements and franchises relating [thereto] TO
THEM and deemed necessary or convenient by the Commission
for the operation [thereof] OF THEM. IN ADDITION, THE
TERMS INCLUDE ANY RECONSTRUCTION, ENLARGEMENT, OR
IMPROVEMENT TO THE WORKS OR IN ADDITION TO THEM. The
terms do not include lateral sewers serving or connecting
to individual properties and buildings within the towns
of Luke and Westernport or any area served by lateral
sewers of [said] THE towns, it being reserved to [said]
THE towns the function, duty, responsibility and
authority to erect, build, install, operate and maintain
the lateral sewers within their respective jurisdictions.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
is hereby declared to be an emergency measure and
necessary for the immediate preservation of the public
health and safety and having been passed by a yea and nay
vote supported by three—fifths of all the members elected
to each of the two Houses of the General Assembly, the
same shall take effect from the date of its passage.
Approved March 16, 1976.
CHAPTER 44
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