394 LAWS OF MARYLAND. [CH. 268

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 water system and water sup-
ply of Pocomoke City and for the purpose of extending, re-
pairing and improving the sewerage and drainage systems
and the streets, highways and sidewalks 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
maturity or when called for payment at any interest paying
date, the Mayor and Council of Pocomoke City is hereby au-
thorized and directed to levy annually a tax upon the assess-
able property within the corporate limits 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. And when redeemed, said bonds shall be cancelled.

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 29, 1947.

CHAPTER 268.
(House Bill 446)

AN ACT to repeal and re-enact, with amendments, Section 27
of Article 48A of the Annotated Code of Maryland (1939
Edition), title "Insurance", sub-title "General Provisions",
providing that no insurance company of this State shall
assume the name and that no foreign or alien company shall
be admitted, the name of which is the same or so similar to
that of another licensed company as to be misleading as to
identity.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 27 of Article 48A of the Annotated Code
of Maryland (1939 Edition), title "Insurance", sub-title
"General Provisions", be and the same is hereby repealed and
re-enacted, with amendments, to read as follows: