FREDERICK COUNTY. 843

at the regular municipal election to be held on the first Mon-
day of August, in the year 1910, be submitted to the qualified
voters of said town; if a majority of the votes cast on said
proposition at said election favor the execution of this law,
the Mayor and Council may proceed to issue said bonds; but
if the majority of said votes cast on said proposition shall be
against the execution of this law, then it shall be null and void.

SEC. 3. And be it enacted, That said Mayor and Council
shall have power and authority, and they are hereby required,
to levy all necessary taxes upon the property within the tax-
able limits of said corporation for the payment of the interest
on the bonds hereby authorized to be issued, as well as for the
payment of said bonds at maturity, and shall create a sinking
fund and shall levy the necessary taxes for that purpose, not
exceeding the provisions of the charter of the town, and the
amount collected annually for the sinking fund shall be in-
vested by the Mayor and Council in some safe interest-bearing
securities and remain intact for the purpose for which it is
intended.

SEC. 4. And be it enacted, That this Act shall take effect
from the date of its passage.

Approved April 7, 1910.

CHAPTER 43.

AN ACT to empower the Burgess and Commissioners of Mid-
dletown, in Frederick County, Maryland, to issue bonds for
the purpose of paying the balance of indebtedness contracted
in the improvement and enlargement of the water works of
said town.

Whereas, by an Act of the General Assembly of Maryland,
passed at the January Session of 1902, being Chapter 73
of the Acts of said Session, the Burgess and Commissioners
of Middletown were authorized and empowered to issue
bonds in the name of said municipal corporation to an
amount not exceeding ten thousand dollars, which said bonds
should bear interest from April 1st, 1903, at not exceeding
four per cent, per annum, payable semi-annually, on the 1st
day of October and the 1st day of April in each year, said
bonds, to be issued in denominations not exceeding five hun-
dred dollars each and payable at a time not exceeding thirty
vears from date, and redeemable at pleasure of said corpora-
tion after twenty years from said date; and