ALBERT C. RITCHIE, GOVERNOR. 125

signed by the Mayor and the seal of the Corporation shall be
attached thereto, attested by its City Register.

SEC. 5. And be it further enacted. That The Mayor and
Aldermen of Frederick may also provide, by ordinance, or
ordinances, for the registration of any bonds authorized to be
issued under this Act, as to the principal thereof, in the names
of the owners thereof, in the event said owners desire to have
said bonds registered. Any bonds issued under this Act which
are redeemed and paid off shall be cancelled.

SEC. 6. And be it further enacted, That The Mayor and
Aldermen of Frederick is hereby authorized and directed to
apply the available net receipts derived from the water system
belonging to the Corporation of Frederick and to levy all
necessary taxes upon the taxable property within the corporate
limits of said Corporation, for the payment of the interest
on said bonds and for the payment of the principal thereof,
as the same shall fall due and become payable. All bonds
authorized to be issued under this Act shall be what are known
as Serial Bonds, and a portion of the principal of any issue
of bonds authorized by this Act, shall fall due and become
payable at stated periods, at which times they shall be paid
off and redeemed, in the manner provided by ordinance or
ordinances of The Mayor and Aldermen of Frederick; pro-
vided that no series of bonds, authorized to be issued under
this Act, shall extend over a period of more than thirty years
from the date of the issuance of said series. The sinking
funds of any bonds of said Corporation may be invested in
the bonds hereby authorized to be issued. The Mayor and
Aldermen of Frederick is hereby authorized and empowered
to pass all ordinances for the purpose of carrying out the pro-
visions of this Act.

SEC. 7. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the imme-
diate preservation of the public health and safety, and being
passed upon a yea and nay vote supported by three-fifths of all
the members elected to each of the two Houses of the General
Assembly, the same shall take effect from the date of its

Approved April 2, 1929.