880 LAWS OF MARYLAND. [CH. 482

but shall be required to pay a tax thereon of two and one-
half per cent of the premiums paid on such policies to said
Insurance Commissioner and a fee of one dollar on each
policy so obtained; and said Commissioner shall make a
record thereof in the book mentioned in the preceding sec-
tion, showing name of company, number of policy, amount
of insurance, rate, premium and date of expiration of
policy; and in case of damage to or loss by fire, lightning
or tornado of any property so insured, the said unauthor-
ized company is hereby authorized through its agent or
agents to enter this State for the purpose of adjusting any
such loss or damage sustained under said policies, but not
to solicit insurance in such unauthorized companies.

Approved April 21, 1933.

CHAPTER 482.

AN ACT to authorize and empower the Mayor, Counselor
and Aldermen of the City of Annapolis to borrow upon
the faith and credit of said city a sum not to exceed
Fifty Thousand Dollars ($50, 000. 00) and to issue and
sell coupon bonds therefor for the purpose of providing
funds to pay outstanding notes of the Mayor, Counselor
and Aldermen of the City of Annapolis evidencing the
floating indebtedness of said city to the extent of the
proceeds of the sale of said bonds, and providing for the
payment of said bonds and the interest thereon by a
general tax levy on all the taxable property within the
limits of said city.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor, Counselor and Aldermen of
the City of Annapolis are hereby authorized and empow-
ered to borrow money on the faith and credit of said city
and to issue and sell coupon bonds therefor from time to
time in an amount not to exceed in the aggregate Fifty
Thousand Dollars ($50, 000. 00) in such denominations and
to bear such rates of interest, not exceeding six per centum
(6% per annum), as may be determined by the said Mayor,
Counselor and Aldermen of the City of Annapolis. Said
bonds shall be dated as of the first day of April, 1933, and
the interest thereon shall be payable semi-annually on the
first days of April and October in each and every year until