WM. PRESTON LANE, JR., GOVERNOR. 127

three-fifths of all the members elected to each of the two
Houses of the General Assembly of Maryland, the same shall
take effect from the date of its passage.

Approved November 10, 1947.

CHAPTER 51.
(House Bill 13)

AN ACT to authorize and empower the Mayor and Council
of the City of Takoma Park to borrow from time to time
on its faith and credit a sum or sums of money not ex-
ceeding Two Hundred Thousand Dollars ($200, 000. 00) in
the aggregate, and to evidence said borrowing by the
issuance to the lender or lenders of its general obligation
serial maturity coupon bonds in like par amount, payable
as to principal and interest from the proceeds of ad val-
orem taxes levied without limitation as to rate or amount
on all assessable property in said municipality, notwith-
standing any other statutory tax limitation, and to use
the money so borrowed for the purpose of making capital
improvements within the City of Takoma Park, and pro-
viding for a referendum on any money so borrowed.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Council of the City of Takoma
Park (a municipal corporation of the State of Maryland,
hereinafter referred to as the "City") is hereby authorized
and empowered at one time, or from time to time, to borrow
a sum or sums of money not exceeding Two Hundred
Thousand Dollars ($200, 000. 00) in the aggregate, and to
evidence said borrowing by the issuance of its general obliga-
tion serial maturity coupon bonds, this authority being
granted to said City in order to enable it to finance a pro-
gram of capital improvements within said City.

SEC. 2. And be it further enacted, That said bonds, and
the coupons attached thereto, shall be in such form and
denominations and shall be sold, executed and delivered in
such manner as the City may from time to time decide, such
decision, however, to be made with respect to each particular
group of bonds sold, prior to the delivery thereof, by one
or more legally adopted ordinances. Such bonds shall be
dated, shall bear interest at such rate or rates, not exceed-
ing four per centum (4%) per annum, payable semi-annual-
ly, shall mature at such time or times not exceeding twenty
(20) years from their respective date or dates of issue as