ALBERT C. RITCHIE, GOVERNOR. 707

are hereby, authorized and empowered to borrow on the credit
of the town of Laurel and issue its coupon bonds therefor a
sum not in excess of five thousand dollars for the purpose of
making repairs to or extensions of the water and sewerage
systems of the said town, or for street improvements.

SEC. 2. And be it enacted, That the said bonds shall be
issued in denominations of five hundred dollars and for a term
of not over thirty years after date, shall bear interest at a rate
of not over five per centum per annum, and shall not be sold
at less than the par value of the same, which said bonds shall
be signed by the Mayor, countersigned by the Treasurer, and
attested by the Clerk to the City Council, with the corporate
seal of the town of Laurel attached.

SEC. 3. And be it enacted, That for the purpose of redeem-
ing the said bonds at their maturity and for the purpose of
paying the interest thereon, the Mayor and City Council of
Laurel shall annually levy as a special fund a sufficient sum
for said purposes.

SEC. 4. And be it enacted, That the said Mayor and City
Council of Laurel is hereby empowered to do all acts and
things necessary to issue and sell said bonds, including the
right to register the same, in their discretion.

SEC. 5. And be it enacted, That before any bonds shall be
issued under this Act. the proposition as to whether or not they
shall lie issued and for what purpose shall first be submitted to
the qualified voters of the town, at either a general or special
election, and if the majority of the votes cast at any such
election be against the issuance of such bonds the same shall
not be issued.

SEC. 6. And be it enacted, That this Act shall take effect on
the first day of June, nineteen hundred and twenty-four.

Approved April 9, 1924.

CHAPTER 193.

AN ACT to authorize the Mayor and City Council of Laurel
to levy an additional tax in the said town of Laurel.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and City Council of Laurel be and is
hereby authorized and empowered to levy an additional tax.