1218 LAWS OF MARYLAND [CH. 614

Power plant for the purpose of lighting the streets, ave-
nues, lanes, alleys, squares and ways of Oakland and for
other municipal purposes, and for supplying light, .heat
and power to the citizens of Oakland and vicinity, and
to borrow on the faith and credit of said town, fifty
thousand dollars ($50,000), and to issue notes or bonds
or other evidences of indebtedness therefor, and to pro-
vide for the payment of the same with' interest thereon,
and providing a referendum to enable the qualified voters
of said town to vote upon the question of the issuance
of said bonds.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and Town Council of Oakland be
and they are hereby authorized and empowered to buy, acquire
or erect, construct and equip, maintain and operate a plant
for manufacturing and supplying electric current for light-
ing the streets, avenues, lanes, alleys, squares and ways of
Oakland and for other municipal purposes, and for supplying
light, heat and power to the citizens of Oakland and vicinity
and to fix rates and make contracts for supplying the same.

SEC. 2. And be it further enacted, That for the purpose
of paying for said plant and appurtenances thereto the Mayor
.and Town Council of Oakland are authorized and directed to
borrow on the faith and credit of said town of Oakland, not
exceeding fifty thousand dollars ($50,000), and to issue cou-
pon bonds therefor; said bonds shall be for sums not less
than one hundred dollars nor more than one thousand dol-
lars each, to be signed by the Mayor of Oakland and counter-
signed by the Clerk to the Mayor and Town Council of Oak-
land, and attested by the corporate seal of the said town of
Oakland; said bonds to be designated as Oakland Electric
Bonds and they shall be consecutively numbered and shall
bear interest at the rate of not exceeding five per centum per
annum, payable semi-annually on the first day of July and
January in each year, accounting from July 1st, 1920; and
shall forever be exempt from all taxation for State, County
and Municipal purposes and have printed on them a distinct
reference to this Act authorizing their issue.

SEC. 3. And be it further enacted, That the said bonds to
be issued under this Act shall mature in numerical order to