LAWS OF MARYLAND. [CH. 267

and refunding of Eleven Thousand Dollars ($11,600.00) of
the outstanding notes, obligations and floating indebtedness
due and owing by the said the Mayor and Council of Pocomoke
City.

SEC. 4. And be it further enacted, That for the purpose of
securing the prompt payment of all installments of interest
on said bonds as the same shall become due semi-annually as
aforesaid, and for the purpose of redeeming said bonds at ma-
turity or when called for payment at any interest paying date,
the Mayor and Council of Pocomoke City is hereby authorized
and directed to levy annually a tax upon the assessable prop-
erty of the City of Pocomoke City in such sums as may be
necessary and sufficient to pay the interest on said bonds semi-
annually and to redeem said bonds. The proceeds of such tax
collected shall by the Mayor and Council of Pocomoke City be
placed to their order in some safe depository as a separate
and distinct fund, and by it only applied to the payment of
the interest and redemption of said bonds, when and as soon
as they shall become due and redeemable, and when redeemed
said bonds shall be cancelled, and said taxes are pledged to
the payment of the interest and principal of said bonds, and
can be used for no other purpose, except, that when all of said
bonds are paid, the balance if any in such fund is to go into
the general account of the said the Mayor and Council of
Pocomoke City.

SEC. 5. 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
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 March 20, 1947.

CHAPTER 267.
(House Bill 436)

AN ACT to authorize and empower the. Mayor and Council
of Pocomoke City, a municipal corporation of the State of
Maryland, to borrow, upon the faith and credit of Pocomoke
City, a sum of money not exceeding Forty Thousand Dol-
lars ($40,000.00) and to issue and sell bonds therefor; and