854 LAWS OF MARYLAND.

streets of the city; and to name a Commission with powers
to carry out the purposes of this Act.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and City Council of Havre de Grace, for
the purposes of paying the debt due the Havre de Grace Water
Company, extending the outlet of the city sewer, providing
buildings and equipment for the city fire department and im-
proving the streets of the city, and for no other purposes, be
and they are hereby authorized and empowered to borrow on
the faith and credit of said city an amount not to exceed thirty
thousand dollars ($30,000), and to issue bonds of said city in
payment of the sum so borrowed; said bonds shall be for sums
of not less than one hundred dollars ($100.00), nor more than
one thousand dollars ($1,000.00) each, to be signed by the
Mayor and countersigned by the city treasurer, with the corpor-
ate seal of said city thereto affixed; said bonds to bear interest
at the rate of five per cent, per annum, payable semi-annually
on the first day of June and the first day of December of each
year, until the principal is paid or the bonds called in. Said
bonds shall be exempt from county and municipal taxation,
and shall have printed on them a distinct reference to this
Act as authorizing the issue thereof, and the said bonds shall
be issued to mature not earlier than the first day of June, in
the year 1938, and said bonds shall not be sold for less than
par or their face value.

SEC. 2. And be it enacted, That after the expiration of ten
years from the date of the issue of said bonds, the Mayor and
City Council may from time to time redeem them or any part
of them, and if they determine to redeem or pay off a part of
said bonds, they shall have the right to determine by lot which
of them are to be redeemed, and when said bonds are selected
for redemption, the Mayor and City Council shall give notice
by advertising in two newspapers published in said city (if
so many), of the number or numbers, of the bonds called in,
and when and where they are to be paid, and the interest on
said bonds so called in shall cease from and after the date
fixed for their redemption.

SEC. 3. And be it enacted, That the Mayor and City Council
of Havre de Grace shall at all times keep and preserve as a
sinking fund for the payment of the principal and interest of
the bonded debt created under and by virtue of this Act, all
the money they are authorized to receive from the sale of hotel
liquor license, as provided in section 192, chapter 180, Acts of
the General Assembly of Maryland of 1890. The said Mayor
and City Council shall incorporate into the bonds issued under