CITY OF CUMBERLAND. 327

eame or any part thereof; said notes shall be of the denomination of one
thousand ($1,000.00) dollars, and shall be exempt from State, county
and municipal taxes, said notes to be signed by the Mayor of the City of
Cumberland and attested by the City Clerk, with the corporate seal of
said city thereunto attached; said notes shall bear interest at the rate of
not more than 5 per cent, per annum, payable semi-annually, or at ma-
turity if said notes are payable six months or a lesser period of time,
at the City Hall, Cumberland, Maryland, to the holders of said notes.
Said notes may be issued from time to time and in such amounts and for
such periods of time not in excess of six years as the Mayor and City
Council of Cumberland may from time to time by its order direct. Before
selling said notes or any part thereof, the Mayor and City Council of
Cumberland shall cause an advertisement to be inserted in at least two
daily newspapers of the City of Cumberland once a week for not less than
two successive weeks asking bids on s,aid notes and stating the time and
place when and where said bids will be opened. Said bids shall be filed
with the City Clerk of the City of Cumberland, and at the time advertised,
shall be opened by him in the presence of the -Mayor and City Council of
Cumberland in public meeting, and if the said bids are satisfactory, the
Mayor and City Council shall sell the said notes so advertised to the
highest or responsible bidder or bidders. The Mayor and City Council
of Cumberland may, if in their opinion, the bids are insufficient or unsatis-
factory, refuse any and all bids, and may readvertise for further bids as
above specified, or they may sell said notes at private sale for not less
than par. The notes herein authorized are in addition to any bonds or
notes authorized by Chapter 706 of the Acts of 1927 of the General As-
sembly of Maryland.

1929, ch. 288, sec. 2.

146. Upon the issuance of said notes or any of them, the amount of
money so received therefor shall be placed in a fund to be used by the
Mayor and City Council for the purposes of planning, devising and put-
ting into effect such flood prevention plans as the Mayor and City Coun-
cil of Cumberland may have or may hereafter adopt, and in furtherance
of these purposes, said Mayor and City Council of Cumberland may ex-
pend said money, or any part thereof, within or without the present limits
of the City of Cumberland, and within or without the State of Maryland,
under all the powers which now prevail in or which may have been granted
to the Mayor and City Council of Cumberland for the purposes of plan-
ning, devising and carrying into effect any and all flood prevention plans
which said Mayor and City Council may from time to time deem advisable.

1929, ch. 288, sec. 3.

147. The said Mayor and City Council of Cumberland be and they are
hereby authorized to levy a general tax upon all the assessable property
of the City of Cumberland in an amount sufficient to provide for the pay-
ment of the notes authorized by this Act and the interest thereon, and also