62 LAWS OF MARYLAND. [CH. 28

erick County, Maryland, is hereby authorized and empowered
to issue and sell bonds to an amount of money not exceeding
twenty thousand ($20, 000). dollars for the purposes and
under the conditions set forth in this Act.

SEC. 2 And be it further enacted, That the Mayor and
Council of Brunswick, Frederick County, Maryland, is hereby
authorized to prepare an ordinance or ordinances setting out
the purpose or purposes to which the proceeds from the sale
of bonds provided for under the terms of this Act shall be
devoted, and which bonds the Mayor and Council of Bruns-
wick, in Frederick County, Maryland, a municipal cor-
poration, is hereby authorized to make, execute and sell for
the purpose of extending the existing streets and for mak-
ing and paying for permanent improvements on the existing
streets, squares, alleys and City Park in the Town of Bruns-
wick, in Frederick County, Maryland, provided that the ag-
gregate of the bonds to be issued under this Act shall not ex-
ceed twenty thousand ($20, 000) dollars.

SEC. 3. And be it further enacted, That the Mayor and
Council of Brunswick, in Frederick County, Maryland, is
hereby authorized and empowered to do all things necessary
for the issuance of any such bonds and their sale under the
most advantageous conditions, and it is authorized and re-
quired to levy the necessary taxes upon the taxable property
of the corporation to provide for the payment, of the interest
on such bonds, and to create a sinking fund for their pay-
ments upon maturity, and it is authorized to do all other
things in connection with the issuance, sale and payment of
the bonds at maturity and interest thereon, as it shall accrue
(for the purpose of street extensions and for permanent im-
provements of existing streets, squares, alleys and City Park
in said town), provided for under any such ordinance or or-
dinances as may be necessary or proper, said bonds to be is-
sued in such manner, for such amounts, and to be payable
at such time, and to bear such rate of interest as the Mayor
and Council of Brunswick shall by ordinance provide. And
the Mayor and Council of Brunswick may, in their discre-
tion, issue serial bonds, which shall be redeemable, fall due
or mature in series or in installments; and all bonds issued
in pursuance of this Act shall be exempt from State, County
and municipal taxes.