828 LAWS OF MARYLAND. [CH. 364

SEC. 10. And be it further enacted, That this Act shall take
effect June 1, 1918.

Approved April 10th, 1918.

CHAPTER 364.

AN ACT to authorize and require the Commissioners of Cam-
bridge, Maryland, to issue bonds to the amount of twelve
thousand dollars for the purpose of purchasing fire-fighting
apparatus; and to levy and collect a tax upon the assessable
property of said town sufficient to pay the interest on and
the principal of said bonds, as the same shall mature.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Commissioners of Cambridge, Maryland, are
hereby authorized, empowered and required, for the purpose
hereinafter declared, to borrow money on the faith and credit
of Cambridge, Maryland, to the amount of twelve thousand
dollars, and to issue their bonds therefor, the said bonds to be
issued in denominations of five hundred dollars each, to bear
interest at the rate of five per cent, per annum, payable semi-
annually on the first day of January and the first day of July
in each and every year until the same are paid, coupons to be
attached to said bonds for each of said semi-annual interest
payments to be signed by the Mayor and Commissioners of
the said town of Cambridge, Maryland, the signatures either
to be printed or written thereon, the said bonds to be signed
by the Treasurer of said town, and to have the corporate seal
of said town affixed thereto. Said bonds shall mature as fol-
lows:

One thousand dollars of the same at the expiration of one
year from the date of their issuance, and one thousand dollars
on the first day of January in each and every year thereafter
until the whole of said issue has been fully discharged and
paid.

The said Commissioners of Cambridge, after the issuance
of said bonds, or any installment thereof as hereinafter speci-
fied, shall levy annually upon the assessable property of said
town, a sum sufficient to meet and pay promptly the interest
on the said bonds, and shall likewise levy upon the assessable
property of said town a sum sufficient to meet and pay the
principal of said bonds at their maturity, the said levy for
the principal as aforesaid to be made in such year as will en-