ALBERT C. RITCHIE, GOVERNOR. 213

2. The said corporation may possess and hold property
and shall have power to give, contribute and dispose of any of
its excess funds to other charitable and benevolent corporations.

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1929.

Approved April 2, 1929.

CHAPTER 109.

AN ACT to provide for the construction of curbs, gutters,
roadways, sewers and sidewalks in Chestertown, Kent
County, Maryland, and to liquidate previous debt, and to
issue bonds to pay for the same, the cost of two feet of the
sidewalk to be paid by the town, the balance of the cost to be
paid by the adjacent property owners, and to levy an annual
tax 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
Maryland, 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 exceed-
ing $50, 000, in sums not less than $1, 000, to be signed by the
Commissioners of Chestertown under the corporate seal of the
said Commissioners, to be designated as "Chestertown Curb
and Gutter, Roadway, Sewer, Sidewalk 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 interest at a rate not exceeding 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 overdue coupons for interest shall be
received by the Commissioners of Chestertown in payment of
town taxes. Two of said bonds shall be payable on January
1st, 1932, and two of said bonds payable each year thereafter
until fully paid. Said bonds to be numbered consecutively and
to be redeemed in the order in which they are numbered.