432

LAWS OF MARYLAND.

CHAPTER 306.

AN ACT to authorize the Mayor and Council of Brunswick,
in Frederick County, to issue improvement bonds for the
purpose of improving the streets and alleys of said town.

SECTION 1. Be it enacted by the General Assembly of

May issue
bonds.

Maryland, That the Mayor and Council of Brunswick, in
Frederick county, be and they are hereby authorized and
empowered to issue bonds in the name of said municipal cor-
poration, to be denominated and known as improvement bonds,
to an amount not exceeding ten thousand dollars ($10,000), in
sums of not less than fifty dollars each, and said bonds shall be
sealed with the seal of said corporation and signed by the
mayor and clerk of the council of said town; each of said
bonds shall be payable twenty-five years after date to bearer,
redeemable, however, at the pleasure of said Mayor and
Council, at any time after the expiration of ten years from
their respective dates, bearing interest at not exceeding six per
cent, per annum, payable annually by the Mayor and Council
of said town, on presentation of interest coupons to be issued
with the bonds, and said bonds shall be non-taxable for
municipal or county purposes.

Proceeds
from sale of
Bonds, how
to be used.

SEC. 2. And be it enacted, That the proceeds of the sale of
said bonds, none of which shall be sold below par, shall be
applied to the improvement of the streets and alleys of said
town, and the mayor and council shall have power to issue
twenty-five hundred dollars' worth of said bonds in one year,
but not more; provided, that the question of issuing said
bonds shall, at a special election to be held during the month
of May, in the year 1894, for which election the council shall
provide by ordinance, and which may be held on the same day
that the question of an issue of water bonds for said town may
be submitted to the voters thereof, be submitted to the quali-
fied voters of said town; if a majority of the votes cast at said
election favor the execution of this law, the Mayor and Coun-
cil may proceed to issue said bonds, but if a majority of said
votes cast shall be against the execution of this law, then it
shall be null and void.

To levy tax
for redemp-
tion of
bonds.

SEC. 3. And be it enacted, That said Mayor and Council
shall have power and authority, and they are hereby required
to levy all necessary taxes upon the property within the tax-
able limits of said corporation for the payment of the interest