728 LAWS OF MARYLAND.

qualified voters and taxpayers of the said town at an election
to be held on some date to be fixed by them not earlier than two
months from the passage of this Act, and not later than seven
months from the passage thereof; and if at said election a ma-
jority of the votes cast at said election shall approve of the
construction of said sewerage system, then the said President
and Commissioners and the citizens and taxpayers named in
this section shall thereupon proceed to construct said sewerage
system; and, should a majority of said qualified voters and
taxpayers decide against the construction of said sewerage sys-
tem, then this Act is hereby repealed, and the said President
and Commissioners are hereby fully authorized to pass all nec-
essary ordinances and to make all necessary appointments for
the purpose of holding said election and ascertaining the true
result.

138c. And to carry into effect the preceding' sections the
said President and Commissioners and said citizens and tax-
payers are hereby authorized and empowered to construct said
system of sewers out of the ordinary revenues of said town; or,
if in their judgment they may deem it expedient and necessary,
they are hereby authorized and empowered to issue on the
credit of said town of Elkton bonds to an amount not exceed-
ing twenty-five thousand dollars, or so much thereof as may
be necessary to carry into effect the provisions of the preceding
section, to be redeemable at a period not exceeding thirty years
from the date at which they are issued, at the discretion of
the President and Commissioners, at a rate of interest not ex-
ceeding five per centum per annum, payable semi-annually, and
the faith and assessable property of the said town are hereby
pledged for the payment and redemption of the principal and
interest of said bonds. Said bonds shall be of denominations
to be determined by said board and said committee of citizens
and taxpayers, and shall be signed by the said President, sealed
with the seal of said corporation and attested by the secretary.

138d. The said bonds shall be exempt from county and
municipal taxation.

138e. If necessary in order to pay the interest on said
bonds and the principal thereof as the same shall from time to
time mature, the said President and Commissioners are hereby
authorized and empowered to levy such additional tax (be-
yond the limit fixed for the regular town tax of said town) on
the assessable property of said town as may be necessary there
for.

138f. In order to carry into effect the provision of the four
preceding sections the said President and Commissioners and
the said citizens and the taxpayers are hereby given full power