WM. PRESTON LANE, JR., GOVERNOR. 813

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
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 April 16, 1947.

CHAPTER 476.
(House Bill 857)

AN ACT to authorize the Mayor and Aldermen of Frederick
to borrow Two Hundred and Fifty Thousand Dollars
(|250,000) upon the faith and credit of said City for the
purpose of providing streets, roads or other public improve-
ments for said City and to issue bonds therefor and to levy
taxes to pay the principal and interest of said bonds.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Aldermen of Frederick, a muni-
cipal corporation, is hereby authorized to borrow upon the
faith and credit of said City the amount of Two Hundred and
Fifty Thousand Dollars ($250,000) and from time to time to
issue and sell bonds not exceeding said sum of $250,000, said
bonds to be signed by the Mayor of said City and counter-
signed by the City Register and to be sealed with the seal of
the City. The entire proceeds of such bonds, after payment of
costs of engraving and all other incidental costs and expenses
connected with the issuance of such bonds, shall be used, either
alone or in connection with any Federal funds which may be
made available, to provide public streets or roads or other
public improvements for said City, the particular purpose or
purposes to be determined by said Mayor and Aldermen of
Frederick.

SEC. 2. And be it further enacted, That the said Mayor
and Aldermen shall have authority to prescribe, by ordinance
or resolution, the form and tenor of such bonds, the rate of
interest not exceeding 4 per cent., the dates of issuance, the
portions of said bonds to be issued from time to time at speci-
fied dates, and the time and place for the payment of said
bonds and interest. Such bonds shall be in coupon form, shall
be in denominations of $100.00, or any multiple thereof and