PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 997

and shall 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-
ments 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 sub-
ject to the limitations hereinafter set forth, and to issue therefor
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 Leon-
ardtown, '' 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 Commissioners
of Leonardtown," and to bear a rate of interest not to exceed
four and one-half per centum (4 1/2%) per annum. The in-
terest on said bonds hereby authorized to be payable semi-annual -
ly 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 at-
tached 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 be-
come necessary, are hereby authorized and empowered to levy,
on the taxable property within the corporate limits of "The
Commissioners of Leonardtown," such additional amount an-
nually, over and obove 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. 69b. In order to further increase the revenues to be
expended by "The Commissioners of Leonardtown, for muni-
cipal improvements within the corporate limits thereof, the
County Commissioners of St. Mary's County are hereby au-
thorized, required and directed to pay over to said Commis-
sioners of Leonardtown all moneys derived from the issuance of
liquor licenses to persons authorizing them to sell intoxicating
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 that are or may
be required to pay to St. Mary's County, and to the Treasurer
thereof upon order of the County Commissioners.