EDWIN WARFIELD, ESQ., GOVERNOR.

845

SECTION . Be it enacted by the General Assembly of Mary-

land, That the Mayor and Council of Salisbury, Wicomico

Street im-

County, State of Maryland, be and they are hereby authorized

provement
bonds.

to issue bonds to be designated "Street Improvement Bonds,"

not exceeding ten thousand dollars in the aggregate, on the

faith and credit of said city, for the purpose of aiding in the

grading, paving or macadamizing East Camden avenue, Dock

street, Main street, East and West Church streets and North

and South Division streets, in the said town, or so much thereof

as they may deem advisable, under the provisions of Chapter

352, Acts of 1902.

SEC. 2. And be it enacted, That if the said bonds are issued

they shall be issued for not less than one hundred dollars or

Payable

multiples thereof, bearing interest at the rate not exceeding

annually.

five per cent, per annum, payable annually, and shall be signed

by the Mayor and countersigned by the clerk to the Council,

and sealed with the corporate seal of the said Mayor and

Council.

SEC. 3. And be it enacted, That when the said bonds are is-

sued they shall be made payable in equal series running from

Issued in
series.

one to twenty years, that is to say : the sum of five hundred

dollars of the said bonds to be paid each year, and the interest

on the whole sum to be paid annually, and they shall be num-

bered and redeemed as numbered, beginning with No. 7;

and the said Mayor and Council shall levy a special tax an-

nually sufficient to pay the principal and interest on the said

bonds as they shall fall due from time to time, and the taxes so

levied shall be kept as a fund to be used only for the payment

of the said principal and interest.

SEC. 4. And be it enacted, That the said bonds shall be ex-

Exempt from

empted from State, county and municipal taxation, and shall

taxes.

not be sold for less than the par value thereof.

SEC. 5. And be it enacted, That this Act shall take effect

from the late of its passage.

Approved April 8, 1904.

CHAPTER 491.

AN ACT to add a new section to Article 11 of the Code of

Public Local Laws, title "Frederick County," sub-title

"Treasurer," to immediately follow Section 451 A, to be

designated Section 451AA, relating to the appointment and

compensation of a clerk to the County Treasurer.