ALBERT C. RITCHIE, GOVERNOR. 541

directed to borrow on the credit of the said municipal cor-
poration, the sum of Seventy-five Thousand Dollars ($75, -
000. 00), and to issue its negotiable interest bearing coupon
bonds therefor, said bonds to be issued in denominations of
Five Hundred Dollars ($500. 00) each, to" bear interest at
such rate, not exceeding five and one-half per cent. (5½%),
as is determined by the Commissioners of Cambridge, the in-
terest payable semi-annually, the bonds to be dated as of such
date as the Commissioners of Cambridge determine, said bonds
to be signed by the Mayor of Cambridge, and sealed with the
seal of the said municipal corporation, duly attested by the
Town Clerk, or Clerk to the Commissioners of Cambridge, and
the coupons attached to the bonds, to bear the facsimile signa-
ture of the Treasurer of Cambridge. Twenty-five Hundred Dol-
lars ($2, 500. 00), principal amount of the said bonds, shall be-
come due and payable on the 1st day of January, following the
date of issue, and Twenty-five Hundred Dollars ($2, 500. 00),
shall become due and payable on the 1st day of each succeed-
ing January thereafter, until all of the said bonds have ma-
tured.

SEC. 2. And be it further enacted, That the bonds shall
be designated as "City of Cambridge, Maryland, 1929, Park,
Sewer and Street Loan, " and shall bear a reference to this Act
authorizing their issue. The said bonds and all interest there-
on, shall be exempt from all State, county and municipal taxes.
The authority hereby conferred upon the Commissioners of
Cambridge, to borrow money on the credit of the municipal
corporation, and to issue bonds, is in addition to any similar
power and authority heretofore conferred upon said municipal
corporation.

SEC. 3. And be it further enacted, That before selling the
said bonds, the Commissioners of Cambridge shall give rea-
sonable notice of the sale by advertisement in at least one
newspaper published in the City of Cambridge, Dorchester
County, and such other and further advertisement as the Com-
missioners of Cambridge shall believe reasonable and proper,
specifying the time, place, manner and terms of sale, and
amount of bonds to be sold, and inviting sealed proposals for
the purchase of all of the said bonds. The Commissioners of
Cambridge shall have the right to issue and sell part of the
amount herein authorized, at different times, that is, one part
at one time, and another part at another time, as in the dis-