ALBERT C. RITCHIE, GOVERNOR. 191
CHAPTER 132.

AN ACT to authorize and empower the Mayor and Common
Council of Westminster, a municipal corporation of the
State of Maryland to borrow Seventy-five Thousand Dollars,
to be secured by a bond issue, and provide a tax for the pay-
ment of the interest on said bonds and their redemption, and
directing the mode of spending the money so borrowed.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, that the Mayor and Common Council of Westminster,
a municipal corporation of the State of Maryland, be and it
is hereby authorized and empowered to borrow a sum or. sums
of money, not exceeding in the aggregate Seventy-five Thou-
sand dollars ($75, 000. 00) and to issue its bonds therefor bear-
ing interest payable semi-annually, said loan or loans and
and every part thereof, and the interest thereon, being ex-
empt from all county and municipal taxation, whether laid
directly or indirectly in the hands of any corporation or in-
dividual holder thereof.

SEC. 2. And be it further enacted, that the Mayor and
Common Council of Westminster is hereby authorized and
directed to have bonds prepared in a good and sufficient form
with interest bearing coupons not exceeding in the aggregate
Forty Thousand Dollars to be designated as "Series' A, " bear-
ing date the first day of July 1927, in the sum of One Thou-
sand Dollars each; said bonds shall be numbered consecutively
from one to Forty, inclusive, and be signed by the Mayor and
countersigned by the Treasurer with the seal of the corpora-
tion affixed, and bear interest at a rate to be fixed by the
Mayor and Common Council of Westminster, not exceeding
four and one-half per cent, (4 1/2 per cent., ) per annum, pay-
able semi-annually on the first day of January and July in
each year, and mature and be payable two a year in the con-
secutive order of their numbers after the year 1928, Bond
Number "1" of this Series falling due and being payable
January first 1929, and bond Number" "2" falling due and
being payable July 1, 1929, and the rest of said bonds of
this series continuing to fall due and being payable two a
year on the first day of January and the first day of July
of each year, thereafter in their numerical order, until all
the bonds of the issue of Series A are retired and redeemed
as herein provided.

And the Mayor and Common Council of Westminster is
authorized and directed to have bonds prepared in the year
1928, in good and sufficient form with interest bearing coupons,