98 LAWS OF MARYLAND. [CH. 35

line County, " sub-title "Greensboro, " said sections to be
known as Sections 310-312C of said Article and to follow
immediately after Section 309 of said Article, as enacted
by Chapter 217 of the Acts of 1947, authorizing the Town
of Greensboro to borrow money from time to time and
issue bonds therefor and to levy taxes for the payment
of the principal and interest on said bonds.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That six new sections be and they are hereby added
to Article 6 of the Code of Public Local Laws of Maryland
(1930 Edition), title "Caroline County, " sub-title ''Greens-
boro, " said sections to be known as Sections 310-312C of
said Article, to follow immediately after Section 309 of said
Article, and to read as follows:

310. To enable The Commissioners of Greensboro (here-
inafter referred to as the Town) to redeem or retire and
refinance all or any part of the outstanding unpaid floating
or funded indebtedness of the Town, whether due or to be-
come due, and to enable the Town to finance, in whole or
in part, any public improvements which it is now or may
hereafter be authorized by its charter to make, including,
without limitation, extensions, replacements or additions, of
or to the sewer system and water works of the Town and re-
surfacing, widening, opening, replacement or improvement
of streets, roads and sidewalks, the Town is hereby author-
ized and empowered, at one time or from time to time, to
borrow a sum or sums of money not exceeding $100, 000. in
the aggregate and to evidence said borrowing by the issuance
to the lender or lenders of its general obligation serial ma-
turity coupon bonds.

311. Said bonds, and the coupons attached thereto, shall
be in such form and denominations and shall be sold, exe-
cuted and delivered in such manner as the Town 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 ordi-
nances. Such bonds, as issued, shall be dated, shall bear
interest at such rate or rates not exceeding four per centum
(4%) per annum, payable semi-annually and shall mature
in consecutive annual serial installments at such time or
times not exceeding thirty (30) years from their date or
dates of issue as may be determined in said ordinances above
referred to. Said bonds, or any of them, may be made re-
deemable before maturity at the option of the Town at such
price or prices and under such terms and conditions as may
be fixed by the Town in said ordinance or ordinances. The
principal and interest of such bonds may be made payable
in any lawful medium and the Town may fix the place or