672 LAWS OF MARYLAND.

be collected as taxes are collected, or may be collected by action
at law.

SEC. 69a. "The Commissioners of Leonardtown" are hereby
empowered to borrow money for the purpose of public improve-
ment in said town, in such sums as they may deem proper, in
their discretion, not to exceed in the aggregate five thousand
dollars, such sum or sums of money to be payable at such times
as the said Commissioners may agree upon with the lenders,
subject to the limitations hereinafter set forth, and to issue there-
for bonds in sums of not less than one hundred dollars ($100.00)
nor more than five hundred dollars ($500.00) each, each to be
signed by the President of the Board of "The Commissioners of
Leonardtown" and countersigned by the clerk of said Board
and all of them issued to be redeemable in a time not longer than
fifteen years from the date of issue at the option of "The Com-
missioners of Leonardtown" and to bear a rate of interest
not to exceed four and one-half per centum (4 1/2%) per
annum. The interest on said bonds hereby authorized to be
payable semi-annually on the first day of January and the first
day of July in each and every year according to the terms of the
coupons to be attached thereto, said bonds to be exempt from
all County and municipal taxation, and the coupons thereon
when due to be receivable for municipal taxes due to "The
Commissioners of Leonardtown," and the said Commissioners,
should same become necessary, are hereby authorized and em-
powered to levy on the taxable property within the corporate
limits of "The Commissioners of Leonardtown" for such addi-
tional amount annually, over and above that already provided
for in this charter, to establish a sinking fund for the payment
of the debt created by the bond issue herein authorized.

SEC. 69-b. In order to further increase the revenue to be ex-
pended by "The Commissioners of Leonardtown" for munici-
pal improvements within the corporate limits thereof, the Coun-
ty Commissioners of St. Mary's County are hereby authorized,
required and directed to pay over to said Commissioners of
Leonardtown all monies derived from the issuance of liquor
licenses to persons authorizing them to sell to St. Mary's intoxi-
cating liquors within the corporate limits of said town; which is
not necessary and is not used to pay the interest on and redeem
the County Bonds authorized under Chapter 4 of the Acts of
1902, and which by the existing or any future law they are or
may be required to pay to St. Mary's County and to the treas-
urer thereof upon order of the County Commissioners.