HARRY W. NICE, GOVERNOR. 103

SECTION 1. Be it enacted by the General Assembly of
Maryland, That for the purpose of paying for an increased
water supply and the appurtenances thereto, the Town
Commissioners of La Plata are hereby authorized, empow-
ered and directed to borrow money on the faith and credit
of said town, not to exceed in the aggregate the sum of Ten
Thousand ($10, 000. 00) Dollars, and to issue bonds there-
for, in the sum of One Hundred ($100. 00) Dollars each,
or any multiple thereof, as may be determined by said
Town Commissioners, to be signed by the Presidents of the
Town Commissioners of La Plata, and countersigned by the
Town Clerk thereof and attested by the corporate seal
thereof, said bonds to be designated as "La Plata Water
Improvement Bonds" and to bear interest at a rate not
exceeding five (5%) per cent per annum, as may be de-
termined by the said Town Commissioners, payable semi-
annually, and shall be exempt from all taxation for State,
County or Municipal purposes, and shall have-printed on
them a distinct reference to this Act authorizing their
issue.

SEC. 2. And be it further enacted, That said bonds shall
be payable as to the principal thereof in thirty (30) years
from the date of issue. Provided, however, that after the
expiration of ten (10) years from the date of issue, the
Town Commissioners of La Plata, may, from time to time,
upon any anniversary of the date of issue, redeem any or
all of said bonds. If less than the whole issue is to be re-
deemed, the said Town Commissioners shall proceed to de-
termine by lot which of said bonds shall be redeemed, and
when said bond or bonds are thus selected for redemption,
the Town Commissioners of La Plata shall give notice to
the registered holder or holders thereof by registered
mail, if known, and if the holder or holders are not known,
then the Town. Commissioners shall give notice by adver-
tisement inserted in some newspaper or newspapers printed
in Charles County, of the number of such bond or bonds
selected for redemption, and when and where it or they are
to be paid, and interest shall cease on said called in bond
or bonds from and after the date fixed for redemption.

SEC. 3. And be it further enacted, That before proceed-
ing to sell the bonds to be issued under this Act, the Town
Commissioners of La Plata shall advertise at least once
a week for two successive weeks in one or more newspapers
printed in Charles County, and/or by such other advertise-
ment as they shall think proper, that they will receive