ALBERT C. RITCHIE, GOVERNOR. 231

constructed, and to make the principal and interest of
said bonds direct obligation of said town.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Common Council of Mount Rainier,
Maryland, a municipal corporation, be and they are hereby
authorized to construct sidewalks, streets and gutters thereto,
in the said town of Mount Rainier, Maryland, when, where
and in the manner to be determined by the said Mayor and
Common Council, to establish sidewalk and street lines and
grades after a general plan for the benefit of the whole town.

SECTION 2. And be it further enacted by the General As-
sembly of Maryland, That for the purpose of paying for said
work, the said Mayor and Common Council of Mount Rainier,
are hereby authorized to borrow certain sums of money, not
less than $10.000.00 at any time and not exceeding $50,000.00
at all times, for said purpose, and to issue coupon bonds there-
for, in denominations of $500.00 each; to be signed by the
Mayor and issued under the corporate seal of the town, at-
tested by the Town Clerk and Treasurer, but the coupons for
the interest may be authenticated by the engraved, litho-
grapher, or printed signatures of the Mayor and Town Clerk
and Treasurer. Said bonds shall be dated on the dates of
their issue and shall bear interest at a rate not exceeding five
and one-half per centum (5 1/2%) per annum, payable semi-
annually. The principal of said bonds and the interest there-
on, shall be payable at some National Bank or Trust Com-
pany, to be determined by the Mayor and Common Council of
Mount Rainier, which place of payment shall be stated in said
bonds and coupons. The Mayor and Common Council of
Mount Rainier shall have full power to issue and sell said
bonds when and in the manner deemed most prudent, at not
less than 97 with interest and at par if possible. The original
issue of bonds under this Act shall not exceed $50,000.00,
shall be unregistered and negotiable by delivery. The Mayor
and Common Council shall not issue less than bonds of a total
par value of $10,000.00 in any year, said bonds to be num-
bered consecutively one to one hundred, both inclusive, the
principal thereon to be paid as follows: Bonds numbered one
to twenty, both inclusive, shall be payable two vears from the
date of issue, bonds twenty-one to forty, both inclusive, shall
be payable three years after the date of issue, and thereafter
twenty of said bonds outstanding bearing the lowest numbers