4

LAWS OF MARYLAND.

berland," providing for lending the aid of said city,

in the coupon bonds of said city, to the amount of

sixty-five thousand dollars, to "The Pennsylvania

Railroad Company" in Maryland, which said ordi-

nance was ratified by a vote of the citizens of said

city on December the fifteenth, eighteen hundred

and seventy-seven. And whereas the said Mayor

Petition to

and City Council have petitioned the General As-

ratify

sembly of Maryland to pass an act ratifying and

confirming said ordinance, and the vote of the people

thereunder, and for authority to issue said bonds ac-

cording to the terms and provisions of said ordinance.

Now, therefore,

SECTION 1. Be it enacted, by the General Assem-

bly of Maryland, That the said ordinance, referred

to in the aforegoing preamble, is hereby confirmed,

and the said Mayor and City Council of Cumber-

land is hereby invested with all the power and au-

Power to exe-

thority necessary to carry out and execute the pro-

cute provi-
sions.

visions of the same, and to issue coupon bonds of

said Mayor and City Council of Cumberland to

the amount of sixty-five thousand dollars (thirty-

three thousand dollars thereof of the denomination

of one thousand dollars, and thirty-two thousand

dollars thereof of the denomination of five hundred

Bonds, when

dollars each), which said bonds shall be payable to

payable.

bearer at thirty years from February first, eighteen

hundred and seventy-eight, and the interest coupons

thereof payable semi-annually accounting therefrom,

and said bonds shall be sealed with the corporate

seal, signed by the Mayor and countersigned by the

clerk of said city, and the coupons shall be signed

by said clerk, and said bonds shall be delivered to

said "Pennsylvania Railroad Company" in Mary-

land, upon its compliance with the terms and condi-

tions of said ordinance.

SEC. 2. And be it enacted, That the said Mayor

and City Council of Cumberland are hereby em-

Levy special

powered and directed to levy from time to time such '

taxes

special taxes upon all property taxable in said city

as may be necessary to pay the interest of said bonds

as the same shall accrue, and to provide a sinking

fund for payment of the principal of said bonds at

maturity, and said bonds shall be exempt from taxa-