ALBERT C. RITCHIE, GOVERNOR. 175

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Aldermen of Frederick be and they
are hereby authorized to borrow upon the faith and credit of
said municipal corporation a sum of money not exceeding in
the aggregate two hundred and fifty thousand dollars and to

issue and sell serial coupon bonds therefor, of the par value of
two hundred and fifty thousand dollars ($250, 000), and to
expend the proceeds therefrom, for all or any of the following
purposes, to wit: (1) for the purpose of bonding the floating
indebtedness of said corporation: (2) providing payment for
the completion of a storage reservoir, now under construction;
(3) making such improvements and repairs to the municipal
water system as it shall think proper; (4) providing payment
for street, sewer and public park developments, extensions and
improvements; and (5) for such other permanent municipal
improvements as in its judgment may be found necessary or
desirable.

SEC. 2. And be it further enacted, That the Mayor and
Aldermen of Frederick are hereby authorized and empowered
to provide by ordinance or ordinances, at such time or times as
they shall think proper, for the issue and sale of said bonds, or
any part thereof, for any or all of the purposes set forth in this
Act, and all bonds issued in pursuance of this Act and in
accordance with the ordinance or ordinances passed in pursu-
ance thereof, for any or all of the purposes set forth herein, may
be issued and sold at one time and included in one issue of
bonds, or may be issued and sold at different times and em-
bodied in several issues of bonds, provided that the total amount
of bonds issued under this Act for all purposes hereinbefore
set forth shall not exceed in the aggregate two hundred and
fifty thousand dollars ($250, 000), par value, and any ordi-
nance or ordinances providing for the issue of said bonds, or
any part thereof, shall specify the amount of any floating in-
debtedness to be bonded and the approximate cost of any pro-
posed improvement or improvements.

SEC. 3. And be it further enacted, That the Mayor and
Aldermen of Frederick are hereby authorized and empowered
to sell said bonds, or any part thereof, by bid upon sealed pro-
posals, after having given at least three weeks' public notice by
advertisement inserted in at least two newspapers published in
Frederick City, and such other notice as they shall think
proper, provided that said bonds shall not be sold except for
cash. Said bonds when issued shall be exempt from State,
county and municipal taxation.