380 LAWS OF MARYLAND. [CH. 208

CHAPTER 208.

AN ACT to provide for a bond issue by The Mayor and Town
Council of Kitzmillersville, Garrett County, Maryland, for
the erection of a river wall along the Potomac River to pro-
tect said town from river floods in said river, and to submit
to the legally qualified voters of said town the question of
whether or not said bonds shall be issued.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That The Mayor and Town Council of Kitzmillersville, in
Garrett County, Maryland, are hereby authorized and empow-
ered, in their discretion, to borrow upon the faith and credit
of said town a sum not exceeding Five Thousand Dollars
($5, 000. 00) and to issue and sell coupon bonds therefor in the
denomination of Two Hundred and Fifty Dollars ($250. 00),
each to be signed by the Mayor of said town, and to be counter-
signed by the Clerk of the Town Council thereof, and the seal
of said town attached, and to be registered by said Clerk of
the Town Council in a book to be kept by the Mayor and Town
Council. for the purpose of registering "River Wall Bonds. "
Said bonds by this section authorized shall be known and desig-
nated as "River Wall Bonds, " and shall bear interest at the
rate of 5% per annum, payable semi-annually on the first day
of January and July in each and every year until the said bonds
are paid; said bonds shall be exempt from all State, county and
municipal taxation, and shall have printed on them a distinct
reference to the Act authorizing their issue.

SEC. 2. And be it further enacted. That said bonds shall
bear date of July 1, 1927, shall be numbered serially and shall
be payable as follows: one bond of the value of Two Hundred
and Fifty Dollars ($250. 00) shall be due and payable on the
first day of January, 1929, and thereafter one bond of the
said value of Two Hundred and Fifty Dollars ($250. 00) shall
mature and be payable on the first day of January in each con-
secutive year in the order of the consecutive numbers until the
entire issue of said bonds is taken up and redeemed; reserving
the option to the Mayor and Town Council aforesaid to take up
and redeem at any interest period after ten years any and all
outstanding bonds running more than ten years at the face value
thereof, with accrued interest. The said bonds shall be a lien
on all property within the jurisdiction of the Mayor and Town
Council of Kitzmillersville.