ELIHU E. JACKSON, ESQUIRE, GOVERNOR.

Chapter 422.

AN ACT to repeal section seventy-three of the
Code of Public Local Laws, title "Dorchester
County," sub-title "Cambridge," as amended
and re-enacted by chapter two hundred and
sixteen of the acts passed at the January ses-
sion, eighteen hundred and eighty-two, and
amended by chapter two hundred and fifty of
the acts passed at the January session, eigh-
teen hundred and eighty-six, and to re-enact
the following in lieu thereof, authorizing the
commissioners of Cambridge to increase the
rate of taxation, and to issue a bonded loan
for the purpose of securing an ample supply
of water for said town.

685

SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That section seventy-three of
the Code of Public Local Laws, title "Dor-
chester County," sub-title "Cambridge," as
amended and re-enacted by chapter two hun-
dred and fifty of the acts passed at the January
session, eighteen hundred and eighty-six, be
and the same is hereby repealed, and the fol-
lowing are enacted in lieu thereof :
SEC. 73. And be it enacted, That the said town

Repealed and
re-enacted.

commissioners be and they are hereby author-
ized in their discretion, to issue bonds, not to
exceed in amount four thousand dollars upon
the faith of the property of said town, of
such form and denomination as the said
town commissioners may prescribe, bearing
interest at a rate not to exceed six per
cent, per annum, payable semi-annually on the
first days of January and July in each year, and
shall be exempt from taxation ; said bonds shall
be divided in four classes — A, B, C, D, of equal
respective amounts. Class D shall be due and
redeemable in twenty years from the date of
issue ; Class C shall be due and redeemable after
fifteen years ; Class B shall be due and redeem-
able after ten years ; Class A shall be due and
redeemable after five years ; the said commis-
sioners shall pay the interest as aforesaid on

Authority to-
issue bonds.