ALBERT C. RITCHIE, GOVERNOR. 147

($5, 000) shall be borrowed in any one year, which year for
the purpose of this Act shall begin on the 1st day of January
and end on the 31st day of December following in each and
every year, commencing with the year of 1927, and provided
further that the Commissioners of Thurmont shall levy a

sufficient tax to pay off all money borrowed, together with
the accumulated interest thereon during the current year
and apply the amount so levied to the payment of any such
indebtedness; provided further that at no time shall the
floating indebtedness of the Commissioners of Thurmont ex-
ceed the sum of five thousand dollars ($5, 000).

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1927.

Approved March 23, 1927.

CHAPTER 112.

AN ACT to enable the Commissioners of Thurmont, in Fred-
erick County, to borrow a sum of money not exceeding twen-
ty thousand dollars ($20, 000. 00) for improvement of the
town and to issue bonds or promissory notes therefor and to
levy and collect taxes on assessable property in said town
for the redemption and payment of said bonds or notes and
the interest thereon with a proviso: That said bonds shall
not be issued unless sanctioned by a majority vote of the
qualified voters of said town voting at a regular or special
election for that purpose.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That for the purpose of making general improve-
ments for the betterment of the Town of Thurmont, the Com-
missioners of Thurmont be and they are hereby authorized and
empowered to issue bonds or borrow on promissory notes in
the name of said municipal corporation to an amount not ex-
ceeding the sum of twenty thousand dollars ($20, 000. 00) in
denominations of one thousand dollars ($1, 000. 00), five hun-
dred dollars ($500. 00) and one hundred dollars ($100. 00).
Each of said bonds shall be payable twenty years after date to
bearer and shall bear interest in the meantime at the rate of
five per cent, per annum, payable semi-annually according to