878 LAWS OF MARYLAND. [CH. 309

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 at-
tested 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 its discretion.

SEC. 5. And be it further enacted, That the Mayor and City
Council of Laurel shall submit the proposition in this Act set
forth to the qualified voters of the said town at a special elec-
tion to be held not later than the second Monday in July in the
year nineteen hundred and twenty-four and if a majority of
the votes cast at such special election shall be in favor of the
proposition, then the Mayor and City Council shall be author-
ized and empowered to carry out the provisions of this Act.
If, however, a majority of the votes cast at said special election
shall be against the proposition contained in this Act, the said
proposition shall be again submitted to said voters upon the
written request of not less than one hundred qualified voters of
the said town, at a special election to be held not later than one
month after the receipt of such request by the Mayor and City
Council; provided, however, that the said proposition shall not
be submitted to a vote more than one time in any year; and
provided that if a majority of the votes cast at any of said elec-
tions shall be in favor of the proposition, then the Mayor and
City Council shall be authorized and empowered to carry out
the provisions of this Act, and provided, further, that if the
said proposition is not approved by a majority of the qualified
voters of said town by January 1, 1927, then it shall not be
again submitted to them and this Act shall be null and void.

SEC. 6. And be it further enacted, That this Act shall take
effect June 1, 1924.

Approved April 9, 1924.