FRANK BROWN, ESQUIRE, GOVERNOR.

181

thousand dollars, now due on the said bonds, and whereas,

the said commissioners of Easton, have not the money with

which to pay the said balance of three thousand dollars,

now about to become due, and desire authority to issue new

bonds for the same and to levy a special tax for the pay-

ment of the same, with the interest thereon, therefore,

SECTION 1. Be it enacted by the General Assembly of

Maryland, That for the purpose of paying and discharging

the said indebtedness the commissioners of Easton, duly

May
borrow

elected and qualified in accordance with the acts of Assem-

$3,000.

bly in such cases made and provided, be and they are

hereby authorized and empowered to borrow from time to

time, the required sum of money, not exceeding in the whole,

the sum of three thousand dollars.

SEC. 2. And be it enacted, That the said "commissioners

of Easton," duly elected and qualified as aforesaid, be and

they are hereby further authorized and empowered, to issue

May Issue

bonds in the name of the "commissioners of Easton," in

bonds
therefor

sums of not less than one hundred dollars nor more than

one thousand dollars, each to be signed by the said com-

missioners of Easton, and countersigned by the clerk of

said commissioners, not exceeding in the whole the sum of

three thousand dollars as aforesaid, bearing interest at six

per centum per annum payable semi-annually, on the first

day of January and on the first day of July, in each and

every year ; and the said bonds shall not be sold for less

than the par value thereof, and shall be exempt from county

and municipal taxation.

SEC. 3. And be it enacted, That the said bonds shall be

issued payable five years from the date thereof, and redeem-

Bonds ?

able at any time after the expiration of three years from the

when

date thereof, at the pleasure of the said commissioners of

payable

Easton duly elected and qualified as aforesaid, and the said

bonds shall be consecutively numbered as the same sliall

be issued.

SEC. 4. And be it enacted, That the said Commissioners

of Easton, duly elected and qualified as aforesaid, be and

they are hereby authorized and required, in Easton, every

May levy
tax to pay

year, to levy and collect a special tax not exceeding ten

interest
and

cents on every one hundred dollars worth of the taxable

redeem

property of all kinds and description, liable to assessment

principal

and taxation within the corporate limits of the town of

Easton as now established by law, to pay the interest on the

outstanding bonds by them issued under the provisions of

this act, as the same shall fall due, and gradually to redeem

and retire such bonds until they all shall have been re-