WM. PRESTON LANE, JR., GOVERNOR. 781

1 above and the principal and interest maturities of the bonds
issued pursuant to this section. Each time the President and
Commissioners elect to borrow any part of the money author-
ized to be borrowed by this section and to evidence said bor-
rowing by the issuance of bonds, they shall call a special elec-
tion in the Town of North East for the purpose of referring to
the qualified voters of said town the question whether said
funds shall be borrowed and said bonds issued. Notice of
said election shall be given in the manner prescribed by Sec-
tion 18 above, except that said notice shall state the amount
of money which said President and Commissiqners desire to
borrow and the specific purpose or purposes upon which the
proceeds of said borrowing shall be expended. Moreover, the
ballots used at said special election shall have printed thereon
said question in the following general form:

"Shall the President and Commissioners of North East
borrow $.............. and issue bonds therefor in order

to finance ......................?"

In the blank space following the dollar mark there shall be
inserted in each instance the amount which the President and
Commissioners of North East propose to borrow and in the
blank space at the end of such question there shall appear a
statement of the purposes for which said borrowing is made
and upon which the funds to be borrowed will be expended.
Following the statement of said question, on separate lines,
shall appear the words "Yes" and "No" and after each such
word a printed box in which the voters may indicate their
respective preferences in the customary manner. If a majority
of the votes of said qualified voters casting their ballots on
such referendum shall be in the affirmative, then the President
and Commissioners of North East may proceed with the pro-
posed borrowing, but if a majority of said votes shall be in
the negative, then the authority hereby conferred shall not be
exercised by said President and Commissioners in such in-
stance, provided, however, that said question may be resub-
mitted at a subsequent special election in the manner pre-
scribed by Section 18 above.

SEC. 2. And be it further enacted, That all bonds hereto-
fore issued by the President and Commissioners of North East
pursuant to the authority of Chapter 243 of the Acts of the
General Assembly of Maryland, passed at its January Session
in the year 1935, be and the same are hereby ratified and con-
firmed and said bonds are hereby declared to be the valid and
binding general obligations of said municipality, notwith-
standing any defect in the issuance thereof or in the approval
thereof by the qualified voters of said municipality, said bonds