WM. PRESTON LANE, JR., GOVERNOR. 2095

tenor of such bonds, the rate of interest, not exceeding four
per centum per annum, to be paid thereon; the date or dates
of issue, and the time and place at which interest is to be
paid. Such bonds shall be in coupon form, shall be in de-
nominations of $100.00 or any multiple thereof, and may be
made registerable as to principal. Such bonds shall be
issued upon the serial maturity plan in such manner as the
said Mayor and Aldermen may by resolution prescribe and
a portion thereof shall be retired annually; provided that all
of said bonds shall be retired within forty (40) years from
the date of their issuance.

SEC. 3. And be it further enacted, That such bonds shall
be signed by the Mayor of Frederick, countersigned by
the City Register, and the corporate seal of the City shall
be attached thereto by the Clerk to the Aldermen, and the
interest coupons attached to each of such bonds shall bear
the facsimile signature of the City Register printed, litho-
graphed or engraved thereon.

SEC. 4. And be it further enacted, That any bonds issued
under the provisions of this Act shall be issued and sold in
the manner prescribed by Sections 35 and 36 of Article 31
of the Annotated Code of Maryland (1930 Edition) and any
amendments thereto at such time or times as the Mayor and
Aldermen of Frederick may deem proper.

SEC. 5. And be it further enacted, That the entire proceeds
arising from the sale of any bonds issued under the provis-
ions of this Act, after the payment of the costs of engraving
and all other incidental costs and expenses connected with
the issuance of said bonds shall be used by the Mayor and
Aldermen of Frederick for constructing, improving and ex-
tending the sanitary sewage system in Frederick City.

SEC. 6. And be it further enacted, That for the purpose of
paying the interest on such bonds as may be issued under
the provisions of this Act, and redeeming them as they
mature, the Mayor and Aldermen of Frederick shall include
in the levy for the year after their issuance and each year
thereafter until they mature and have been redeemed, an
amount sufficient to pay the annual interest on the bonds
and to redeem them as they mature.

SEC. 7. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the imme-
diate preservation of the public health and safety, and having
been passed by a yea and nay vote, supported by three-fifths