470 LAWS OF MARYLAND.

The said bonds shall be issued in sums of Five Hundred Dol-
lars ($500.00) each, shall have coupons attached thereto for the
payment of the interest thereon, payable semi-annually, at the
rate of five per cent. (5%) per annum, shall be signed by the
Burgess and countersigned by the Clerk of the Burgess and
Commissioners of Williamsport, with the corporate seal of said
Burgess and Commissioners affixed, and shall be registered by
said Clerk in a book to be especially provided for that purpose.
The said bonds shall be issued at such time as the said Burgess
and Commissioners shall determine, subject to the provisions
of this Act; provided, however, that the date of issue shall not
be later than the 1st day of January, 1916. The said bonds
shall be numbered consecutively from number one on, and shall
fall due and become payable in the following order and man-
ner: Bonds No. 1 and 2, at the end of two years from the date
of their issue; Bonds No. 3 and 4, in three years from the date
of their issue; and thenceforth two of said bonds shall become due
and payable at the end of each succeeding year, in the order in
which they are numbered, until all of said bonds are paid off, but
with the provision that after the first twenty bonds, or the first
Ten Thousand Dollars' worth of said bonded indebtedness shall
have become due and payable, the said Burgess and Commis-
sioners shall have the option and power to call in, pay off and
redeem any of the subsequent bonds, paying them off in the
regular order in which they are numbered, and if, at any time
the said Burgess and Commissioners under the provisions of
this Act, intend to call any bond as above set forth, they shall
notify the holder or holders of said bond at least sixty (60)
days before such call, redemption and payment is made, of
their intention to call, pay off and redeem said bonds on a day
certain, and the interest on said bond shall cease and deter-
mine on the said last day named; said bonds shall be sold at
public auction in the town of Williamsport to the highest bid-
der for cash, after twenty (20) days notice of the time, place
and terms of sale by advertisement in at least one newspaper
published in said town of Williamsport, and by handbills
posted in at least ten (10) public places. None of said bonds
shall be sold for less than par, and they shall be exempt from
State, County and Municipal taxation, and shall have printed
on them a distinct reference to this Act of Assembly.

SEC. 2. And be it enacted, That at the said special election
to be held in the town of Williamsport on said first Monday in
June, A. D., 1914, a vote shall be taken by the legal and quali-