296 LAWS OF MARYLAND. [CH. 162

porations, firms and establishments doing business therein.

241-AC. The Burgess and Commissioners of Hancock are
authorized and empowered to borrow a sum of money uot
exceeding ten thousand ($10,000) dollars, on the faith and
credit of the town as hereinafter provided, which shall be
known as the "Additional Sewer and "Water Fund," and
which shall be used exclusively for the purpose set forth in
Section 241 -AB and the acquisition of property real or per-
sonal therefor, said sum of money, or as much thereof as may
be necessary, to he appropriated and apportioned by the
Burgess and Commissioners of Hancock, in such portions and
amounts for said purpose or purposes as said Burgess and
Commissioners of Hancock may. in their discretion, deter-
mine.

241-AD. To provide for borrowing the money as author-
ized by the preceding section, the Burgess and Commissioners
of Hancock are empowered to issue coupon bonds in such de-
nominations as they may determine, said bonds to be signed by
the Burgess and attested by the Clerk to the Burgess and Com-
missioners with the seal of the town attached and to bear in-
terest at the rate of 5 per centum per annum, payable on the
first day of January and July in each and every year, until
the principal of said bonds is paid; said bonds to have cou-
pons attached, providing for the payment of the semi-annual
interest thereon, when the same shall become due and payable;
said bonds to be sold at public sale in the town of Hancock,
at such times and in such amounts as said Burgess and Com-
missioners shall determine; provided that the whole amount
of said bonds shall not exceed ten thousand ($10,000) dollars,
and that none of said bonds shall be for a longer period than
twenty-five years. The money derived from the sale of said
bonds shall be paid to the treasurer of the town and credited
by him to the "Additional Water and Sewer Fund" and he
shall not pay out the said money for any other purpose than
those authorized by Section 241-AB of this sub-title and said
bonds shall be exempt from all State, county and municipal
taxes.

241-AE. To provide for the payment of said bonds as au-
thorized by Sections 241-AC and 241-AD of this sub-title, as
they shall mature and for the payment of the annual interest
thereon, there shall be levied annually by the Burgess and
Commissioners of Hancock an amount sufficient to pay the