1168 LAWS OF MARYLAND [CH. 584

CHAPTER 584.

AN ACT to provide for a bond issue by the Mayor and Coun-
cil of Berlin, Worcester County, Maryland, for the im-
provement of the streets of said town and to submit to
the legally qualified voters of said town the question of
whether or not said bonds shall be issued.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and Council of Berlin are hereby
authorized and empowered, in their discretion, to borrow upon
the faith and credit of the said town a sum not exceeding
$50,000, and to issue and sell coupon bonds therefor in sums
of not less than $100 or more than $1,000, each to be signed
by the Mayor of the said town, and to be countersigned by
the Secretary and Treasurer thereof and the seal of said town
attached, and to be registered by said Secretary and Treas-
urer in the book kept by the Mayor and Council, in which
are registered the ''Street Building Bonds." Said bonds by
this section authorized shall be known and designated as " Im-
provement Bonds," and shall bear interest at the rate of 5%
per annum, payable semi-annually on the first day of January
and July in each and every year until the said bonds are
paid; said bonds shall be exempt from all State and municipal
taxation, and shall have printed on them a distinct reference
to the Act authorizing their issue.

SEC. 2. And be it further enacted, That said bonds shall
be so issued that two thousand dollars thereof shall become
due and payable on the first day of July, 1925, and two thou-
sand dollars thereof on the first day of July in each and
every year thereafter until the whole amount so issued shall
have been paid; and said bonds shall be sold at public or
private sale in such amounts not less, however, than $500 at
any one time, and not exceeding in the total the said sum of
$50,000, and at such time as the Mayor and Council of Ber-
lin, in their discretion, may deem proper. It is especially
intended that the power hereby vested in said Mayor and
Council shall be a continuing power until the whole $50,000
of bonds shall have been issued and sold.

SEC. 3. And be it further enacted, That the money arising
from the sale of said bonds shall be paid to the Mayor and
Council of said town and by them be deposited in some safe
bank and shall only be drawn therefrom on checks signed by