ALBERT C. RITCHIE, GOVERNOR. 1011

SEC. 2. And be it enacted, That this Act shall take effect
from the First day of June, 1922.

Approved April 13th, 1922.

CHAPTER 459.

AN ACT to authorize and empower the Mayor and Council of
Crisfield, in Somerset County, State of Maryland, to issue
bonds and to appropriate the proceeds arising from the sale
thereof to the payment and liquidation of certain outstand-
ing debts and obligations due and owing by said Mayor and
Council of Crisfield.

WHEREAS, The Mayor and Council of Crisfield is indebted
to divers and sundry persons, firms and corporations on cer-
tificates of indebtedness, promissory notes, bills obligatory,
open accounts, and other forms of unsecured debt, to a total
amount of sixty-five thousand dollars, said debts having been
lawfully incurred by said Mayor and Council of Crisfield in
and about the repair, upkeep, improvement, enlargement, main-
tenance, etc., of the water supply system, streets and highways
in said town of Crisfield, and in the administration of the
government of said town of Crisfield; and

WHEREAS, It is deemed desirable and to the interest of the
said municipal corporation that the aforesaid floating and un-
secured indebtedness of said Mayor and Council be funded
and payment thereof provided by the issue and sale of bonds
of the said Citv of Crisfield.

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SECTION 1. Be it enacted by the General Assembly of Mary-
land., That the Mayor and Council of Crisfield, in said Somer-
set County, be and it is hereby authorized and empowered from
time to time to make and issue bonds on the faith and credit
of said municipal corporation, either coupon or registered, to
an amount not exceeding twenty-five thousand dollars, in sums
of not less than five hundred dollars, nor more than one thou-
sand dollars each, to be signed by the Mayor of Crisfield, and
countersigned by the clerk of said municipal corporation with
the seal of said corporation affixed; and to bear interest at a
rate not to exceed five per cent, per annum payable semi-annu-
ally in each and every year after the date of said bonds, the
first semi-annual payment of said interest to be due and pay-