708 LAWS OF MARYLAND.

CHAPTER 20.

AN ACT to authorize the Mayor and Common Council of
Union Bridge, Carroll county, Maryland, to issue bonds for
the purpose of refunding the bonded indebtedness of said
Mayor and Common Council of Union Bridge, known as
"Fire Apparatus Bonds," under chapter 85 of the Acts of
1888, and to levy and collect the necessary taxes for the pay-
ment of said bonds and interest thereon.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Common Council of Union Bridge be
and they are hereby authorized and empowered to issue coupon
bonds in the name of said corporation to an amount not ex-
ceeding twelve hundred dollars, the amount of the outstanding
unredeemed "Fire Apparatus Bonds" heretofore issued by said
municipal corporation under authority given by the Act of
1888, chapter 85, which said bonds provided for by this Act
shall be signed by the Mayor and Clerk of the town of Union
Bridge and attested by the corporate seal of said town and
shall be denominated "Fire Apparatus Bonds," and bear in-
terest not exceeding six per centum, interest payable annually,
to be issued in denominations of not exceeding five hundred dol-
lars, and to be payable at a time not exceeding twenty years
from date and redeemable at the pleasure of said corporation,
and the said Mayor and Common Council of the town of Union
Bridge shall have like powers to levy and collect a special tax
to pay said interest and to provide a sinking fund for the re-
demption of said bonds as are given by the said Act of 1888,
chapter 85, in relation to the interest and principal of the bonds
issued in pursuance thereof.

SEC. 2. And be it enacted, That the said Mayor and Com-
mon Council of Union Bridge are hereby authorized and em-
powered after they shall have perfected and signed said bonds
to sell and dispense of said bonds at not less than par value
thereof to raise money to carry into effect the provisions of this
Act.

SEC. 3. And be it enacted, That the proceeds of the sale of
the bonds hereby authorized to be issued, shall be applied to the
redemption and payment of the present and outstanding "Fire
apparatus Bonds" of the said corporation issued under author-
ity given in the Act of 1888, chapter 85, aforesaid and to no
other purpose whatsoever and nothing herein contained shall be
construed to authorize said corporation to issue bonds for any
greater amount than the actual bonded indebtedness of said cor-
poration known as "Fire Apparatus Bonds" at this time nor
for any other purpose than herein specified.