ALBERT C. RITCHIE, GOVERNOR. 1615

weeks, asking bids on said bonds or any part thereof, and
stating the time and place when and where said bids will be
opened. The said bids shall be filed with the City Clerk of the
City of Cumberland, and at the time advertised shall be opened,
by him in the presence of the Mayor and City Council of Cum-
berland in public meeting, and if the said bids are satisfactory,
the Mayor and City Council shall sell the said bonds so adver-
tised to the highest responsible bidder or bidders. The Mayor
and City Council of Cumberland may, if in their opinion, the
bids are insufficient, or unsatisfactory, or for any reason refuse
any and all bids, and may re-advertise for further bids as
above specified, from time to time, until all of said bonds are
sold.

SEC. 2. Be it further enacted, That the Mayor and City
Council of Cumberland be and it is hereby authorized and
empowered to issue "Flood Prevention Notes of 1927" to the
amount of Seventy-five Thousand ($75,000.00) Dollars, pay-
able in not more than six years from the date of issue, and to
sell the same; said notes shall be of the denomination of One
Thousand ($1,000.00) Dollars, and shall be exempt from State,
County and Municipal taxes; said notes to be signed by the
Mayor of the City of Cumberland and attested by the City
Clerk, with the corporate seal of the said City thereunto at-
tached ; said notes to bear interest at the rate of not more than
five per centum per annum, payable semi-annually, or at matur-
ity if said notes are payable in six months or a lesser period,
of time, at the City Hall, Cumberland, Maryland, to the holders,
of said notes. Said notes may be issued from time to time, and
in such amounts, and for such periods of time not in excess of
six years as the Mayor and City Council of Cumberland may
from time to time by its order direct. Before selling said notes
or any part thereof, the Mayor and City Council of Cumber-
land shall cause an advertisement to be inserted in at least two
daily newspapers of the City of Cumberland once a week for
not less than two consecutive weeks, asking bids on said notes,
and stating the time and place when and where said bids will
be opened. The said bids shall be filed with the City Clerk of
the City of Cumberland, and at the time advertised shall be
opened by him in the presence of the Mayor and City Council
of Cumberland in public meeting, and if the said bids are satis-
factory, the Mayor and City Council shall sell the said notes so
advertised to the highest responsible bidder or bidders. The
Mayor and City Council of Cumberland may, if in their