102 LAWS OF MARYLAND. [CH. 81

CHAPTER 81.

AN ACT to authorize and empower the Mayor and Council of
Crisfield, in the State of Maryland, to issue bonds to an
amount not exceeding Thirty Thousand Dollars ($30, 000. 00),
for the purpose of laying a concrete roadway on certain
streets in said town of Crisfield, and to do all necessary grad-
ing and curbing in connection therewith, said bonds to be
called " Crisfield Street Improvement Bonds" and to levy
and collect taxes for the payment of the same.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and Council of Crisfield be and they
are hereby authorized and empowered to issue serial, coupon
bonds, on the faith and credit of the town of Crisfield, to an
amount not exceeding Thirty Thousand Dollars ($30, 000. 00)?
as hereinafter provided, said bonds to be signed by the Mayor
of Crisfield and countersigned by the Clerk of Crisfield, with
the corporate seal of the said town affixed thereto; and said
bonds shall be known as "Crisfield Street Improvement Bonds. "

SEC. 2. And be it enacted. That said bonds shall be issued in
denominations of Five Hundred Dollars ($500. 00) each and
shall bear interest at the rate of five per cent, per annum, pay-
able semi-annually from the date of said bonds, which interest
shall be evidenced by coupons attached thereto; and that said
bonds shall mature and be retired as follows: Fifteen Hundred
Dollars ($1, 500. 00) thereof at the expiration of one year from
the date of the issue of said bonds and annually thereafter the
sum of Fifteen Hundred Dollars ($1, 500. 00) every year until
all of said bonds shall mature and have been paid.

SEC. 3. And be it enacted, That when the said bonds are
properly prepared and duly executed, as herein prescribed, the
Mayor and Council of Crisfield are hereby authorized and re-
quired to sell the said bonds in such amounts as may be neces-
sary for the purposes of this Act, to the best advantage, at public
or private sale, at such times and upon such notice, as they deem
expedient, at not less than par; provided that if the said bonds
shall be sold at private sale, it shall be done upon competitive
bidding by sealed offers, with the privilege of rejecting any and
all bids; that said bonds shall have printed thereon a distinct
reference to this Act authorizing the same and that the money