246 LAWS OF MARYLAND. [CH. 118

Committee of said North Chevy Chase is empowered to act for
said corporation without in any way, being held individually
or personally liable in connection therewith.

SEC. 8. And be it further enacted, That the Treasurer of
said Citizens' Committee of said North Chevy Chase, Maryland,
shall deposit all funds coming into his possession as such treas-
urer in accordance with the requirements of law for the deposit
of county funds by the County Treasurer, or in such other bank
as may be approved by the said committee of said village; pro-
vided that the said treasurer of said committee shall not dispose
of any of the funds coming into his hands as such treasurer
except upon check duly signed by him as treasurer and counter-
signed by the chairman or some member of the said committee
acting as chairman pro tem; such acting chairman shall be duly
authorized to act by resolution of said committee which must
first be spread upon the minutes of the said committee.

Approved April 9, 1924.

CHAPTER 118.

AN ACT to authorize and empower the Mayor and City Coun-
cil of Ocean City to issue and sell coupon bonds of said town
to the amount of ten thousand dollars to provide a fund
for street improvements and extension and betterment of
the water system, and for such other proper public purposes
as in the judgment of the Mayor and City Council may
seem advisable.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and City Council of Ocean City is here-
by authorized and empowered to borrow on the credit of the
said town an amount not exceeding ten thousand dollars and
to issue coupon bonds therefor in sums not less than one hun-
dred dollars and not more than one thousand dollars each, to
be signed by the Mayor of said town and to be countersigned
by the Treasurer thereof with the seal of the said town attached,
and to be designated as Ocean City Street Improvement and
water System Bonds of 1924. Said bonds shall be issued as of
January 1, 1924. and shall bear interest at the rate of six per
centum per annum, payable semi-annually, on the first day
of July and January in each and every year until the said
bonds are paid. Said bonds shall be registered by the Treas-
urer in a separate book kept for that purpose and shall forever