1212 LAWS OF MARYLAND [CH. 608

Somers' Cove, the Mayor and Council of Crisfield, be and
they are hereby empowered and authorized to issue coupon
bonds on the faith and credit of the town of Crisfield, to an
amount not exceeding ten thousand dollars as hereinafter
provided; said bonds to be signed by the Mayor of Crisfield
and countersigned by the Treasurer of Crisfield, with the
corporate seal of the Corporation of Crisfield attached thereto.

SEC. 2. And be it further enacted, That said bonds shall
he issued in denominations of five hundred dollars each; and
that the said bonds shall bear interest at a rate not exceeding
six per centum per annum and shall be issued as of July first,
nineteen hundred and twenty, and shall bear interest from
the date of issue and shall have attached coupons for the
semi-annual interest payments, which coupons shall be pay-
able on the first day of January and the first day of July of
each and every year until maturity. Said bonds shall be
known as "Crisfield Bridge Bonds."

SEC. 3. And be it further enacted, That the said bonds
shall be so issued that one thousand dollars thereof shall
mature and become payable on the first day of July, 1925,
and one thousand dollars on July first each and every year
thereafter until all of said bonds shall have matured and
been paid.

The Mayor and Council of Crisfield shall levy annually on
the taxable property of said town an amount sufficient to
pay the interest on said bonds as it shall become due and to
redeem the said bonds as they mature and become payable.
The said bonds shall be exempt from all State, County and
Municipal taxation and the interest coupons shall be receiv-
able when due in the payment on municipal taxes.

SEC. 4. And be it further enacted, That the said bonds
authorized to be issued by this Act shall be sold by the Mayor
and Council of Crisfield for the best price obtainable, but
not for less than the par value thereof and any accrued in-
terest thereon, ' upon competitive bid, after notice of the
sale of said bonds shall have been given by advertisement,
published in one newspaper printed in the town of Crisfield
at least ten days previous to the day of sale; and that the
money arising from the sale of said bonds shall be deposited
in some banking institution in the town of Crisfield, Maryland,