552 LAWS OF MARYLAND. [CH. 277

limits where it joins the road leading to Centreville through
said town, to where the street meets with and joins the road
leading to Kent Island, to borrow upon the faith and credit
of said corporation, a sum of money not to exceed one thou-
sand dollars, and to issue and sell coupon bonds to provide
funds for the grading and improving of said street; to levy
taxes on the assessed property within the limits of said cor-
poration to redeem said bonds, and to pay the interest there-
on, and to collect said taxes; to enter into an agreement with
the State Roads Commission for the improvement of said
Main Street in the event the said State Roads Commission
shall determine to build a State Aid Road through the town
of Queenstown over said street, and providing that the said
bonds shall not be issued until said agreement be entered
into.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That for the purpose of improving the Main Street in the
town of Queenstown, Queen Anne's County, Maryland, run-
ning from where said street meets the road to Centreville
through said town until it meets and joins the road leading to
Kent Island, the Town Commissioners of Queenstown, a muni-
cipal corporation, be and it is hereby authorized and em-
powered to borrow on the faith and credit of said corporation,
a sum of money not to exceed one thousand dollars, and to is-
sue coupon bonds in the name of said municipal corporation
for the amount so borrowed, each bond to be issued for the
sum of one hundred dollars, and to be signed in the name of
the said corporation by the municipal commissioners of said
corporation, the seal of &aid corporation shall be affixed to
each bond, but the coupon for interest may be authenticated by
the engraved, lithographed or printed signature of the treasurer
of the said corporation alone. Said bonds shall bear interest
at the rate of five per cent. (5%) per annum, payable semi-
annually in each and every year, and dated on the first day
of their issue. Said bonds shall be numbered consecutively,
and Bond No. 1 shall be due and payable one year from the
date of its issue, and thereafter a bond shall mature and be
payable each consecutive year from the maturity of Bond No. 1
in order of the consecutive numbers of said bonds. Said bonds
shall have printed on them a distinct reference to this Act as
directing the issuance of the same, and shall be exempt from
taxation for State, county and municipal purposes.