850 LAWS OF MARYLAND. [CH. 288

Acts of 1927 of the General Assembly of Maryland, did put
into effect and have partially carried out certain plans for
the prevention of floods in the City of Cumberland; and

WHEREAS, said plans have not yet been fully carried out,
and it now appears that the sum of Twenty-Five Thousand
($25, 000. 00) Dollars, in addition to the amount authorized
by Chapter 706 of the Acts of 1927, will be required to bring
said work to a satisfactory conclusion; now, therefore

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and City Council of Cumberland
be and it is hereby authorized and empowered to issue Flood
Prevention Notes of 1929 to the amount of Twenty-Five Thou-
sand ($25, 000. 00) Dollars, and to sell the same or any part
thereof; said notes shall be of the denomination of One Thou-
sand ($1, 000. 00) Dollars, and shall be exempt from State,
County and Municipal taxes, said notes to be signed by the
Mayor of the City of Cumberland and attested by the City
Clerk, with the corporate seal of said City thereunto attached;
said notes shall bear interest at the rate of not more than 5%
per annum, payable semi-annually, or at maturity if said
notes are payable in six months or a lesser period of time,
at the City Hall, Cumberland, Maryland, to the holders of
said notes. Said notes may be issued from time to time and
in such amounts and for such periods of time not in excess of
six years as the Mayor and City Council of Cumberland may
from time to time by its order direct. Before selling said
notes or any part thereof, the Mayor and City Council of
Cumberland shall cause an advertisement to be inserted in at
least two daily newspapers of the City of Cumberland once a
week for not less than two successive weeks asking bids on said
notes and stating the time and place when and where said
bids will be opened. Said bids shall be filed with the City
Clerk of the City of Cumberland, and at the time advertised,
shall be opened by him in the presence of the Mayor and City
Council of Cumberland in public meeting, and if the said bids
are satisfactory, the Mayor and City Council shall sell the
said notes so advertised to the highest or responsible bidder or.
bidders. The Mayor and City Council of Cumberland may,
if in their opinion, the bids are insufficient or unsatisfactory,
refuse any and all bids, and may re-advertise for further
bids as above specified, or they may sell said notes at private
sale for not less than par. The notes herein authorized are in