974 LAWS OF MARYLAND.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Council of the town of Kensington,
in the county of Montgomery, be and they are hereby author-
ized and empowered to erect a building in said town for the
purpose of a town office, lockup and cover for fire apparatus;
and to purchase fire apparatus for the protection of property
in the said town.

SEC. 2. Be it further enacted, That the Mayor and Council
of the town of Kensington be and they are hereby authorized
and empowered, in order to accomplish the purposes of this
Act, to borrow on the credit of the said town to an amount
not exceeding the sum of $5,000, and to issue coupon bonds
therefor in the name of the said town of Kensington, which
said bonds shall be signed by the Mayor and the Clerk and the
Treasurer of said town; each of said bonds to be of the sum of
$100, and to bear interest from the date of issue thereof at
the rate of not more than five per centum per annum, payable
semi-annually, according to the tenor of the coupons to be
attached to said bonds, respectively, for the interest due and
payable thereon; each of said bonds shall be payable twenty
years after date, to bearer, redeemable, however, at the pleas-
ure of the Mayor and Council of the town of Kensington, at
any time after the expiration of two years from their respective
dates; the said bonds shall be exempt from all municipal taxa-
tion by the said town of Kensington; they shall have printed
on them a distinct reference to the Act of Assembly authoriz-
ing the issue thereof; they shall be registered by the Clerk and
the Treasurer in a separate book especially provided for the
purpose, and the proceeds from the sale of said bonds shall be
applied by the said Mayor and Council of the town of Kensing-
ton for the purpose of this Act, the said bonds when issued
shall be non-contestable for any cause whatsoever, and the said
bonds and coupons so issued, when redeemed, shall be can-
celled, and it shall be the duty of the said Mayor and Council
to immediately cancel the same; provided, however, that said
bonds shall not be sold for less than their par value.

SEC. 3. And be it further enacted, That the Mayor and
Council of Kensington are hereby authorized and directed to
levy a special tax against the assessable property within the,
taxable limits of said corporation for the payment of the inter-
est on said bonds, hereby authorized to be issued, and for the
payment of said bonds, and shall create a sinking fund for said
purpose of not less than five per centum per annum of the total
amount of any series of bonds issued under the provisions of
this Act, and the said tax or levy shall be collected in like man-
ner as other taxes levied in said town* are collected, and when
collected shall be applied as hereinbefore provided.