160 LAWS OF MARYLAND. [CH. 81

lection of all other taxes for all corporate purposes by the Char-
ter of Cambridge, and so that the said Commissioners may
collect the said money necessary for the. prompt and punctual
payment of the said interest and the redemption and payment
of the said bonds as they each mature, and the interest on all
of them as represented by the coupons attached to each of them.

SEC. 2. And be it enacted, That the said bonds and coupons
shall all be dated of the first day of July in the year they are
issued, the said bonds may be all issued at one time, or they
may be issued in installments, in the discretion of the said
Commissioners, but whether all are issued at one time or in in-
stallments, the said Commissioners of Cambridge shall adver-
tise the sale of the said bonds, whenever and however issued
and sold, in two newspapers published in the town of Cam-
bridge, Maryland, and also in a newspaper published in the
City of Baltimore, if the Commissioners deem it best to so do,
and by such other and further advertisement as the said Com-
missioners shall think best and proper, giving reasonable no-
tice of the time, place, manner and terms of the sale, inviting
sealed proposals for the purchase of the bonds to be sold at
said sale, with the privilege and right, however, to the said
Commissioners, to reject any and all bids or proposals.

The said bonds shall be exempt from all state, county and
municipal taxation.

SEC. 3. And be it enacted, That the proceeds from the sale
or sales of the said bonds shall be paid into the treasury of the
said town of Cambridge, to be expended by the said Commis-
sioners of Cambridge in paying the debt existing at the time
of the passage of this Act, that is the debt described in the pre-
amble of this Act, and the acts of the said Commissioners in
creating the said debt are hereby ratified and confirmed, and
the balance of the said proceeds from the sale or sales of the
said bonds, to be applied to the payment for the public perman-
ent improvements, described and mentioned in the said pre-
amble hereto, to be made by the said Commissioners of Cam-
bridge within the corporate limits of the said town of Cam-
bridge.

SEC. 4. And be it enacted, That the said bond issue shall
be designated on the said bonds and on the coupons attached
thereto as "CITY OF CAMBRIDGE, MARYLAND, 1922,
PERMANENT PUBLIC IMPROVEMENT LOAN. "