ALBERT C. RITCHIE, GOVERNOR. 71

of Crisfield, to sink a new well as a part of the water system
of said town and to repair and improve the "Jersey Bridge''
between Crisfield proper and that section of the town known
as "Jersey" and the street or roadway leading thereto, said
bonds to be called "Crisfield Improvement Bonds, " and to
provide for levying taxes to pay the interest on said bonds
and the principal of said bonds as they mature.

SECTION 1. Be it enacted "by the General Assembly of
Maryland, That the Mayor and Council of Crisfield be and
they are hereby authorized and empowered to issue serial,
coupon bonds, on the faith and credit of the town of Crisfield,
to an amount not exceeding Twenty Thousand Dollars ($20, -
000. 00), as hereinafter provided, said bonds to be signed by
the Mayor of Crisfield and countersigned by the Clerk of Cris-
field, with the corporate seal of the corporation of Crisfield
affixed thereto.

SEC. 2. And be it enacted, That said bonds shall be issued
in denominations of Five Hundred Dollars ($500. 00) each;
and that said bonds shall bear interest at the rate of five per
cent per annum, payable semi-annually from the date of said
bonds and shall mature and be retired as follows: One Thou-
sand Dollars ($1, 000. 00) thereof at the expiration of one year
from the date of issue of said bonds and annually thereafter the
sum of One Thousand Dollars ($1, 000. 00) every year until all
of said bonds shall mature and have been paid.

SEC. 3. And be it enacted, That when the said bonds are
properly prepared and duly executed, as herein provided, the
Mayor and Council of Crisfield are hereby authorized and re-
quired to sell the said bonds in such amounts as may be neces-
sary for the purposes of this Act, to the best advantage, at
public or private sale, and upon such notice as they may deem
expedient, at not less than par; provided that if the said bonds
are sold at private sale, the same shall be done upon competi-
tive bidding by sealed offers, with the privilege of rejecting
any and all bids; that said bonds shall have printed on them a
distinct reference to this Act authorizing the same and that
the money arising from the sale of said bonds shall be kept in
a separate fund for the purposes hereof.

SEC. 4. And be it enacted, That the Clerk of said Council
shall keep a full registry of said bonds with the names of the