156 LAWS OF MARYLAND. [CH. 64

tion project; the purchase of sewerage disposal plants; and
the purchase and retirement of outstanding bonds pre-
viously issued by the Commissioners of Aberdeen; and to
provide for the payment of the interest on the said bonds
and of the principal thereof as the same shall mature; and
to provide for the levying of taxes upon the assessable
property of Aberdeen to pay the interest on said bonds and
for the redemption and payment of the same when they
shall fall due or when called for payment.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Commissioners of Aberdeen be and it is
hereby authorized and empowered to borrow, on the faith and
credit of Aberdeen, a sum of money not exceeding One Hun-
dred and Twenty-Five Thousand Dollars ($125, 000. 00) and to
issue bonds therefor in sums of One Thousand Dollars
($1, 000. 00) each, to be signed by the Commissioners of Aber-
deen and countersigned by the Treasurer thereof, with the
seal of the Commissioners of Aberdeen affixed thereto, and
said bonds shall be designated as "Aberdeen Improvement
Bonds" and shall be numbered consecutively from one (1) to
one hundred (100) inclusive, and shall bear interest at the
rate not to exceed two percent (2%) per annum, payable
semi-annually on the first days of January and July of each
and every year from the date of their issue; and said bonds
shall be exempt from all taxation for State, County and
Municipal purposes in the State of Maryland, and shall have
printed on them a direct reference to this Act authorizing
their issue. The bonds shall be in coupon form and shall be
issued upon the serial maturity plan in such manner that all
of said bonds shall mature and be paid within twenty (20)
years after the date of issue.

SEC. 2. And be it further enacted, That the Commissioners
of Aberdeen is authorized and empowered to sell said bonds
to the highest bidder upon sealed proposals, after having
given at least ten (10) days notice by advertisement in some
newspaper printed and published in Aberdeen, Maryland, and
by such other advertisement as the Commissioners of Aberdeen
shall deem advisable, but the right is reserved unto the
Commissioners of Aberdeen to reject any and all bids. The
Commissioners of Aberdeen are also authorized and em-
powered to sell said bonds, at private sale at not less than
par and accrued interest.

SEC. 3. And be it further enacted, That the proceeds aris-
ing from the sale of said bonds shall be used for the purpose
of extending and improving the sewerage and drainage sys-
tems of Aberdeen; the construction of a fire house and jail:
the purchase of a community recreation project; the purchase
of sewerage disposal plants; and the purchase and retirement