98 ARTICLE 1.

1929, ch. 345, sec. 5.

274. The bonds hereunder authorized shall be issued in addition to
and exclusive of the seven per cent, bonded indebtedness on the assessed
valuation of the property in the City of Frostburg authorized by Section
205 of this Article.

STEEET IMPROVEMENTS.

1022, ch. 5, sec. 1.

275. The Mayor and Councilmen of Frostburg are hereby author-
ized and empowered to issue bonds to an amount- not exceeding Fifty
Thousand Dollars ($50,000) and to sell the same; said bonds shall not be
issued in less sum than One Hundred Dollars ($100) but may be issued in
sums of One Hundred Dollars or any multiple thereof, and shall be exempt
from state, county and municipal taxes and be signed by the Mayor of the
City of Frostburg and attested by the City Clerk with the corporate seal
of said city thereunto attached; said bonds to bear interest at the rate of
not more than five per centum per annum payable semi-annually, for
which interest proper coupons are to be attached thereto, said bonds to
become due and payable at a time not exceeding twenty-five years after
their date and to be redeemable at the pleasure of the said corporation
at any time after ten years from their date, but before said bonds are
issued the Mayor and Councilmen shall cause an advertisement to be
inserted in at least two daily newspapers printed and circulated in Alle-
gany County once a week for not less than two consecutive weeks, asking
bids on said bonds and stating time and place when and where said bids
will be opened. Said bids shall be filed with the City Clerk and at the
time advertised shall be opened by him in the presence of the Mayor and
Councilmen in public meeting; and if the said bids are satisfactory, the
Mayor and Councilmen shall sell the said bonds to the highest bidder or
bidders. The Mayor and Councilmen may, if in their opinion the bids are
insufficient or unsatisfactory, or for any reason, refuse any and all bids
and may re-advertise for further bids as above specified from time to time
until all of said bonds are sold.

1922, ch. 5, sec. 2.

276. Upon the issuance of said bonds the amount of money so received
therefor shall be placed in a fund and used by the Mayor and Councilmen
in paving and repaving, grading, and regrading, such streets, lanes and
alleys or parts thereof, as they shall deem proper under all the powers
given the said Mayor and Councilmen under Section 215 of this Article
as amended by the General Assembly of Maryland in 1922, with all the
rights and privileges to the said Mayor and Councilmen of Frostburg to
file liens and collect the same as is therein secured to said Mayor and Coun-
cilmen by said section, and when any amounts are collected against prop-
erty holders by reason of said improvements, the money so collected shall
be again placed in the said improvement fund and used for said purposes