ALBERT C. RITCHIE, GOVERNOR. 9

first be exhausted; prescribe the form of application and policy
of insurance and determine the terms and conditions thereof;
provide for the payment of losses and expenses incurred by said
Company; execute the various provisions of the Charter of said
Company and do all things necessary for the well being and
good management of the affairs of the Company not inconsist-
ent with the laws of this State.

Approved February 17, 1927.

CHAPTER 3.

AN ACT to authorize and empower the Mayor and Common
Council of Union Bridge, in Carroll County, to issue and
sell bonds of the said town to an amount not exceeding
Twenty Thousand Dollars ($20, 000. 00), for the purpose of
paying off the bonds of the said town in the amount of Four
Thousand Four Hundred Dollars ($4, 400. 00) which will
become due in the year 1927, and for the purpose of general
improvements in the said town and to provide for a levy and
collection of town taxes to pay the interest and principal of
said bonds.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and Common Council of Union
Bridge, in Carroll County, be and they are hereby authorized
and empowered to borrow on the faith and credit of the said
town of Union Bridge the sum of Twenty Thousand Dollars
($20, 000. 00) or so much thereof, in addition to the Four Thou-
sand Four Hundred Dollars ($4, 400. 00) for refunding the
bonds of the said town which will become due in the year 1927,
as in their judgment shall be necessary for general improve-
ments in the said town, and the Mayor and Common Council
are hereby authorized and empowered to issue bonds therefor.

SEC. 2. And be it further enacted. That the bonds or any
number thereof hereby authorized shall be issued at such time
or times and in such denomination or denominations as the
May or and Common Council shall determine, provided that it
shall be the duty of the Mayor and Common Council, and they
are hereby directed to issue said bonds to an amount of Four
Thousand Four Hundred Dollars ($4, 400. 00) on a date suffi-
ciently in advance of the date of maturity of the bonds of the
said town which will become due in the year 1927, to pay out