ALBERT C. RITCHIE, GOVERNOR. 561

Montgomery County for County tax purposes, shall be insuffi-
cient to meet the current expenses of said County, or whenever
in the opinion of a majority of the Board of County Commis-
sioners of Montgomery County it shall be necessary for the
protection of the health, morals, safety and welfare of the
County, the said Board of County Commissioners is hereby
authorized to borrow upon the credit of said county such sum
or sums not to exceed $200, 000 as may be necessary to pay
such deficit or to provide for such emergency.

SEC. 2. And be it further enacted. That for the purpose
of borrowing money as above set forth, the County Commis-
sioners of Montgomery County are hereby authorized and
empowered to issue certificates of indebtedness in the name and
upon the credit of said County in such denominations and to
mature at such times not to exceed thirty months from the date
of issuance, as they may in their discretion determine, said
certificates to bear interest or be discounted at the rate not to
exceed six per centum per annum and to be signed by the
President of the Board of County Commissioners and attested
by the Clerk of the said Board, provided that any and all
certificates of indebtedness issued under the authority of this
Act, or any renewal thereof shall be paid or definite provision
for payment made within thirty months from date of issuance,
otherwise the board of County Commissioners of Montgomery
County are directed to include a sufficient amount to redeem
any and all certificates of indebtedness or renewals thereof
that have been outstanding thirty months or over in the next
levy following such thirty month period, term, or maturity.

SEC. 3. And be it further enacted, That the County Com-
missioners are hereby further authorized and empowered to
expend any money borrowed under the provisions of this Act
for the purpose of building or constructing any permanent
improvement for the County purposes, provided that such
improvement shall have been determined by resolution of a
majority of the County Commissioners to be necessary for the
protection of the health, morals, safety, and welfare of the
County.

SEC. 4. And be it further enacted, That this Act shall take
effect June 1, 1927.

Approved April 1, 1927.