748 LAWS OF MARYLAND. [CH. 373

missioners of St. Michaels, in numerical order at the rate of
two each year, beginning in 1941 and until 1948 when No.
Fifteen (15) shall mature; and shall be callable for redemp-
tion at any interest period on or after July 1, 1938, at such
premium, not to exceed four per centum (4%), and on such
notice to be stated therein, as shall be fixed by The Com-
missioners of St. Michaels. The said The Commissioners of
St. Michaels may provide for the manner and terms of sale of
such notes, bonds or certificates, either at public or private
sale, as it may deem advisable, provided, however, that no
such sale shall be made for less than the par value thereof.
Such notes, bonds or certificates shall be exempt from all
State, County or Municipal taxation.

SEC. 3. And be it further enacted, That the proceeds of such
notes, bonds or certificates shall be used exclusively for the
following purposes:

(a) To pay the costs incident to preparation and issuance
of such notes, bonds or certificates, including the expenses of
the special election thereon.

(b) The remainder of such proceeds, together with any
other funds available therefor, including any gift or grant
from the United States Government or any agency thereof,
shall be used for the purchase of a site in the town of St.
Michaels for a Municipal Fire House and for the construct-
tion and equipping of such Fire House.

Such construction and equipping shall be exempt from the
provisions of Section 469A of Article 21, as added by Chapter
525 of the Laws of 1935, if such exemption is required to
qualify for and/or obtain any gift or grant from the United
States Government or any agency thereof to aid in such con-
struction and equipping.

Such Fire House shall be erected only upon a site owned
by The Commissioners of St. Michaels and shall become, upon
completion, the property of the said The Commissioners of St.
Michaels.

SEC. 4. And 6e it further enacted, That The Commissioners
of St. Michaels be and they are hereby authorized, empowered,
and directed, so long as any notes, bonds or certificates issued
hereunder are outstanding, to levy upon all the assessable
property in said Town a special tax in addition to all other
taxes, sufficient to pay the interest on such notes, bonds or
certificates and the principal amount thereof as they mature.

SEC. 5. And Be it further enacted, That no debt shall be
contracted and no notes, bonds or other certificates of in-
debtedness shall be issued or sold pursuant to this Act unless
and until (1) the site and final plans and specifications for