ALBERT C. RITCHIE, GOVERNOR. 65

said new section to be known as Section 26A and to fol-
low immediately after Section 26 of said Article, au-
thorizing and empowering the County Commissioners of
Wicomico County to borrow money to meet the current
expenses of said County, in anticipation of the collec-
tion of taxes and to issue "Tax Anticipation Notes"
therefor.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That a new section be and the same is hereby
added to Article 23 of the Code of Public Local Laws of
Maryland (1930 Edition), title "Wicomico County, " sub-
title "County Commissioners, " said new section to be
known as Section 2 6A, to follow immediately after Sec-
tion 26 of said Article, and to read as follows:

26A. In addition to the powers already possessed by
the County Commissioners of Wicomico County, and not
in limitation thereof, the said County Commissioners are
hereby authorized and empowered to borrow from time to
time, whenever they shall deem it necessary, to meet the
current expenses of said County, money in an amount not
to exceed sixty per centum (60%) of the taxes levied but
uncollected at the time of said borrowing, and to issue
notes therefor bearing interest at a rate not to exceed six
per centum (6%) per annum, said notes to be designated
"Tax Anticipation Notes, " with the tax levy year also
designated thereon, to be signed by the President of said
County Commissioners of Wicomico County and to be
countersigned by the County Treasurer with the seal of
said County Commissioners affixed.

Said notes shall be in such denominations and shall ma-
ture at such periods as may be determined by said County
Commissioners, and, except as herein otherwise provided,
shall be in such form as may be determined by said County
Commissioners. Provided, however, that said notes shall
be paid for out of said uncollected taxes when collected;
and that any and all "Tax Anticipation Notes" issued
under the authority of this Act, or any "renewal thereof,
shall be paid or definite provision f or. payment made with-
in twenty-four months from date of the levy, out of which
said notes are to be redeemed, otherwise, the Board of
County Commissioners of Wicomico County are directed
to include a sufficient amount to redeem any and all "Tax
Anticipation Notes" or renewals thereof that have been
outstanding twenty-four months or over in the next levy