70 LAWS OF MARYLAND. [CH. 21

CHAPTER 21.
(Senate Bill 25)

AN ACT to authorize the Mayor and City Council of Cumber-
land, Maryland, to issue coupon bonds in the amount of
Seven Hundred Thousand Dollars ($700, 000. 00), and to
provide for payment of the interest thereon and the prin-
cipal thereof at maturity, to be known as "Cumberland
Flood Protection Bonds of 1947", and to provide for the
use of the proceeds from the sale of said bonds to be used
for the acquisition of land and the construction of any and
all works needed or necessary for flood protection work in
and around the City of Cumberland, and the payment of
any proper expenses incident thereto, and to repeal all
Acts or parts of Acts inconsistent with the provisions
hereof.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and City Council of Cumberland be and
he is hereby authorized and empowered to issue bonds in the
amount of Seven Hundred Thousand Dollars ($700, 000. 00),
payable serially and in such amounts annually that the said
Mayor and City Council shall by ordinance determine, and
to sell the same in whole or in part and to apply the proceeds
thereof as hereinafter provided; said bonds to be of the de-
nomination of One Thousand Dollars ($1, 000. 00) each, and
shall be exempt from City, County and State taxes and shall
bear interest at a rate of not more than four percent (4%)
per annum, payable semi-annually, and for which proper
interest coupons are to be attached to said bonds; said bonds
shall be signed by the Mayor of the City of Cumberland and
duly attested by the City Clerk with the corporate seal of
the City thereunto attached.

SEC. 2. And be it further enacted. That for the purpose of
paying the interest upon said bonds and retiring said bonds
at maturity, the said Mayor and City Council shall assess
against the assessable property in the City of Cumberland in
each year during the continuance of said bonds, a sum of
money sufficient to pay the interest upon said bonds and such
further sums as may be necessary for the purpose of paying
off such part of said bonds as shall mature and be payable in
each year, and shall use said money in the payment of said
interest and the principal of said bonds until the whole thereof
has been paid.

SEC. 3. And be it further enacted, That the Mayor and City
Council of Cumberland shall cause proper advertisement to
be made stating the time and place where bids, conditioned as
the said Mayor and City Council may require, will be opened