PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 205

SEC. 2. And be it further enacted, That the Mayor and
Commissioners of Cambridge are hereby authorized and empow-
ered to have bonds prepared in good and sufficient form, not
exceeding the aggregate amount of twenty thousand dollars,
bearing date the first day of January, 1912, in the sum of
five hundred dollars, each of said bonds shall be numbered con-
secutively from one to forty, inclusive, and be signed by the
Mayor and countersigned by the treasurer, with the seal of the
corporation affixed, and "bearing interest at the rate of five per
cent. (5%) per annum, payable semi-annually, on the first day
of July and January in each year, which said interest to the
maturity of each of said bonds shall be provided for and set
forth in the coupons attached to each of said bonds, which said
bonds shall, as well as their number, have printed on them and
on the coupons attached to them a distinct reference to this
act authorizing the issue thereof.

SEC. 3. And be it further enacted, That the bonds of this
issue numbering from one to forty inclusive, shall be payable
two years in consecutive order of their numbers, after the year
1916, bonds number one and two falling due and being payable
January 1st, 1917. The rest of said bonds continuing to fall
due and being payable on the first day of January and July of
each year thereafter, in their numerical order, until the whole
issue is retired and redeemed, as herein provided.

SEC. 4. And be it further enacted, That the Mayor and
Commissioners of Cambridge, are hereby authorized and
empowered to sell said bonds at public sale to the highest bidder,
after having given at least three weeks' public -prior notice, by
advertisement in at least two newspapers published in Dorches-
ter county, and such other notice as the Mayor and Commission-
ers of Cambridge think proper; or, if the Mayor and Commis-
sioners of Cambridge believe the interest of said corporation will
be the beet subserved thereby, said bond may be sold by bids
upon sealed proposals, after having given notice as prescribed
above for a public sale however. That said bonds shall not be
sold except for cash, and it is hereby further expressly pro-
vided that none of said bonds shall be sold at less than their
par value, and that the money arising from the sale of the
bonds, authorized hereby to be issued as aforesaid, shall be
applied exclusively to the payment of the present floating indebt-
edness of said corporation, and the cost or expenses of prepara-
tion of the issuing and sale of said bonds.

SEC. 5. And be it further enacted, That the Mayor and
Commissioners of Cambridge are authorized and required in
each and every year thereafter, while the bonds hereby author-