ALBERT C. RITCHIE, GOVERNOR. 1231

when and if the surplus shall amount to $2, 100, 000. The
fourth issue of $100, 000 shall be so payable when and if the
surplus shall amount to $2, 600, 000, and the fifth issue of
$100, 000 shall be so payable when and if the surplus shall
amount to $3, 100, 000. Such certificates or scrip shall be non-
negotiable and shall bear interest at a rate not exceeding 5%,
and such interest shall be payable annually at the company's
office out of its general funds to holders of record under such
reasonable rules and regulations as the company may adopt.

SEC. 2. And be it further enacted,, That all Acts incon-
sistent herewith be and the same are hereby repealed.

SEC. 3. And be it further enacted, That tins Act shall take
effect June 1, 1924.

Approved April 9, 1924.

CHAPTER 503.

AN ACT to repeal and re-enact with amendments Section 180
of Article 12 of the Code of Public Local Laws of Mary-
land, title "Garrett County, " sub-title "Oakland, " as said
section was amended by Chapter 25 of the Acts of 1898,
authorizing an increase in the tax rate of said town.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 180 of Article 12 of the Code of Public
Local Laws of Maryland, title "Garrett County, " sub-title
"Oakland, " as said section was amended by Chapter 25 of the
Acts of 1898, be and it is hereby repealed and re-enacted with
amendments to read as follows:

180. The Mayor and Town Council shall have power to
levy and collect taxes not to exceed seventy-five cents on the
one hundred dollars' worth of assessable property in any one
year, except for the years 1924 and 1925, when the tax rate
may be one dollar, and whenever the said Council shall
levy a tax, which levy shall be made out on the first Mon-
day in May in each year, an alphabetical list of the per-
sona chargeable therewith shall be made out and affixed thereto
the respective sums to be collected from each person, and
annexed to said list shall be a warrant to the bailiff or collector
to collect the same, and said bailiff or collector shall within
twenty days after the receipt of such warrant and list render
to each person named therein an account of his tax> and may,