HARRY W. NICE, GOVERNOR. 903

000. 00) Dollars and to sell the same and to use the pro-
ceeds thereof for the purpose of erecting an additional fire
station in the City of Cumberland and for the purpose of
purchasing fire equipment and fire alarm apparatus and the
installation of same and to provide for disposition of a sur-
plus, if any remains.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and City Council of Cumberland, Mary-
land, be and it is hereby authorized and empowered to issue
bonds to the amount of Fifty Thousand ($50, 000. 00) Dollars
payable at the end of twenty years from the date of issue, and
to sell the same in whole or in part, and to apply the pro-
ceeds thereof as hereinafter provided; said bonds to be of the
denomination of one thousand (fi, 000. 00) dollars each, and
shall be exempt from city, county and State taxes, and shall
bear interest at the rate of not more than five per cent per
annum, payable semi-annually, and for which proper interest
coupons are to be attached to said bonds; said bonds shall be
signed by the Mayor of the City of Cumberland and duly
attested by the City Clerk, with the corporate seal of the City
thereto attached.

SEC. 2. And be it further enacted, That for the purpose of
paying the interest of said bonds, and retiring said bonds at
maturity, said Mayor and City Council of Cumberland shall
assess against the assessable property in the City of Cum-
berland in each year during the continuance of said bonds a
sum of money sufficient to pay the interest upon said bonds
and such further sum as may be required for the purpose of
finally retiring said bonds at maturity, and shall deposit said
principal sum with the trustees of the sinking fund of the
City of Cumberland, and it shall be the duty of the trustees of
the sinking fund to invest such sums so paid to them for said
purpose, together with all interest which may accrue, in
proper securities, and they shall have power to purchase
bonds issued hereunder for said sinking fund.

SEC. 3. And be it further enacted, That the Mayor and
City Council of Cumberland shall cause proper advertise-
ment to be made stating the time and place where bids, condi-
tioned as the said Mayor and City Council may require, will
be opened for the sale of said bonds as a whole or in parts,
reserving unto itself the right to reject any and all bids.
Said bids, together with such certified checks as may be re-
quired, shall be filed with the City Clerk, and at the time and
place advertised, shall be opened by him in the presence of
the Mayor and City Council, and if said bids be satisfactory
to the Mayor and City Council, it shall sell said bonds, or any