260 LAWS OF MARYLAND. [CH. 106

other hard road on the Main Street through Hampstead,
within the corporate limits of said town in Carroll County,
Maryland, and to provide for the payment of interest on
said bonds, and the redemption of said bonds when due and
payable.

SECTION 1. Be it enacted be the General Assembly of Mary-
land, That the Mayor and Common Council of Hampstead
be and they are hereby authorized and empowered to borrow a
sum not exceeding Twenty Thousand Dollars by the issue and
sale of serial coupon bonds, bearing interest at such rate as may
be determined by the Mayor and Common Council not ex-
ceeding six per cent per annum, the proceeds therefrom to be
used for the purpose of building and constructing a macadam,
concrete or other hard road over Main Street through Hamp-
stead, within the corporate limits of said town, in Carroll
County, Maryland.

SEC. 2. And be it further enacted, That the Mayor and
Common Council of Hampstead are hereby authorized and em-
powered to provide by Ordinance or Ordinances for the issue
and sale of said bonds, in order to provide for borrowing the
money as hereinbefore authorized, in such denominations as
may seem best and they are further authorized and empowered
to sell said bonds by bid upon sealed proposals, after having
given at least three weeks' public prior notice by advertisement
in at least two newspapers published in Carroll County, provid-
ing that said bonds shall not be sold except for cash, and pro-
viding that no bonds shall be sold except at prices approved by
the said Mayor and Common Council. The said bonds shall be
exempt from state, county and municipal taxation.

SEC. 3. And be it further enacted, That the Mayor and
Common Council of Hampstead are hereby authorized and em-
powered to do all things necessary for the issuance of said
bonds and their offering for sale under the most advantageous
conditions, as they may think proper, said bonds to be issued in
such manner, to bear such dates, to be payable at such times
and to bear such rate of interest as the Mayor and Common
Council of Hampstead shall, by ordinance, provide. The said
bonds shall be signed by the Mayor and the Clerk, and the seal
of the corporation of Hampstead shall be attached thereto.

SEC. 4. And be it further enacted, That the Mayor and
Common Council of Hampstead are hereby authorized and
directed to levy annually all necessary taxes for the payment