ALBERT C. RITCHIE, GOVERNOR. 657

for the payment of such bonds, and the interest thereon, and
submitting same to the qualified voters of Chestertown for
their approval or rejection.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Commissioners of Chestertown, be and are hereby
authorized and empowered to issue Bonds in the name of the
Commissioners of Chestertown, to an amount not exceeding
$100, 000. 00, in sums not less than $1, 000. 00, to be signed by
the Commissioners of Chestertown under the corporate seal of
the said Commissioners, to be designated as '' Chestertown curb,
gutter, roadway, sidewalk, sewer and liquidation of debt bonds, "
and sell same to the highest bidder; provided no bid less than
par shall be accepted therefor which bonds shall bear in-
terest at the rate of five per cent, per annum, payable semi-
annually on the first day of July and the first day of January
in each year, which bonds shall be exempted from all County
and municipal taxation in Kent County, and the due or over-
due coupons for interest shall be received by the Commissioners of
Chestertown in payment of town taxes. Pour of said bonds shall
be payable on January 1st, 1929, and two of said bonds pay-
able each year thereafter until fully paid. Said bonds to be
numbered consecutively and to be redeemed in the order in which
they are numbered.

SEC. 2. And be it enacted, That the said Commissioners of
Chestertown are authorized and directed to advertise at least
once a week for four successive weeks in three newspapers pub-
lished in Kent County and one newspaper published in the City
of Baltimore for sealed proposals for negotiation of said bonds,
and each bid to be accompanied by certified check for 5% of
amount of each bid and on a certain day to be named in said
advertisement said commissioners of Chestertown shall in the
presence of such persons as may be interested in said bid, open
all bids received and award the bonds to the highest bidder;
provided, no bid less than par shall be accepted and reserving
the right to reject any and all bids.

SEC. 3. And be it enacted, That the Town Commissioners of
Chestertown, Kent County shall in each and every year levy
upon the assessable property in Chestertown such sums of money
as may be necessary to pay the interest on said bonds as said
interest shall become due, and also to levy such sums in addi-
tion as may be required to pay or redeem said bonds as the same
mature from time to time until all said bonds shall have been
paid.

SEC. 4. And be it enacted, That the proceeds of the sale of
said bonds, or as much thereof as may be necessary for the pur-
pose, shall be used and applied as follows: