ALBERT C. RITCHIE, GOVERNOR, 57

bridge and sealed with the seal of the municipal corporation,
duly attested by the Town Clerk, and the coupons attached
to the bonds to bear the facsimile signature of the Treasurer
of Cambridge. Two Thousand Dollars ($2, 000. 00) principal
amount of said bonds shall become due and payable on the
1st day of January following the date of issue and Two Thou-
sand Dollars ($2, 000. 00) shall become due and payable on
the 1st day of each succeeding January thereafter until all of
said bonds have matured.

SEC. 2. And be it further enacted, that the bonds shall be
designated as "City of Cambridge, Maryland, 1927, Civic
Loan, " and shall bear a reference to this Act authorizing their
issue. The said bonds and all interest there on shall be ex-
empt from all State, County and Municipal taxes. The au-
thority hereby conferred upon the Commissioners of Cambridge
to borrow money on the credit of the municipal corporation
and to issue bonds is in addition to any similar power and
authority heretofore conferred upon said municipal corporation.

SEC. 3. And be it further enacted, that before selling the
said bonds, the Commissioners of Cambridge shall give reason-
able notice of the sale by advertisement in at least one news-
paper published in the City of Cambridge, Dorchester Coun-
ty, specifying the time, place, manner and terms of sale, and
inviting sealed proposals for the purchase of all of the said
bonds. The Commissioners of Cambridge shall have the right
to reject any and all proposals or bids for the bonds and in
that event, shall have full power and authority to sell said
bonds either at public sale after re-advertisement, or at private
sale without readvertisement.

SEC. 4. And be it further enacted, that The Commission-
ers of Cambridge are authorized and directed to levy and
collect upon all the assessable property of the City of Cam-
bridge, a tax sufficient to promptly pay the principal and
interest on the said bonds as the said principal and interest
shall become due, and the said levy and collection of taxes
aforesaid shall be made at the same time and in the same
manner as the levy and collection of other municipal taxes.

SEC. 5. And be it further enacted, that the Commissioners
of Cambridge shall have power and authority to appropriate
the proceeds of sale of said bonds for any one or more of
the following municipal purposes of the City of Cambridge,
that is to say:

(a) For the completion, furnishing and equipping of the
municipal building.