HARRY W. NICE, GOVERNOR. 311
CHAPTER 102.

AN ACT to authorize the Commissioners of Queenstown, a
body corporate, to borrow, upon the faith and credit of
said body corporate, a sum of money not exceeding fifteen
thousand dollars ($15, 000. 00), and to issue and sell cou-
pon bonds therefor; and to expend the proceeds there-
from, first for the expenses incident to the issue of said
bonds, and second, for the installation and construction
of a fire prevention water system and engine house in
Queenstown, Queen Anne's County; and to provide for
the payment of the interest on said bonds and the prin-
cipal thereof as they shall mature; and to provide for the
levying of taxes for the purpose of paying said interest
and principal of said bonds as the same shall mature.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Commissioners of Queenstown, a body
corporate, in order to provide the necessary funds for the
construction and/or installation of a water distribution
system and engine house in the Town of Queenstown for
protection of public and private property in said Town
from the hazards of fire, are hereby authorized and em-
powered to borrow on the faith and credit of the Com-
missioners of Queenstown an amount of money not ex-
ceeding fifteen thousand dollars, ($15, 000. 00), and to issue,
for the amount so borrowed, coupon bonds of said body
corporate in denominations of five hundred dollars,.
($500. 00), to bear interest at a rate not to exceed 5%
per annum, payable semi-annually on the first day of July
and the first day of January in each and every year, un-
til the same shall be paid, coupons to be attached to said
bonds for each of said semi-annual interest payments and
to bear facsimiles of the President and Treasurer of the
Town Commissioners of Queenstown, and said bonds shall
bear the signatures of the President and Treasurer of said
corporate affixed thereto, and said loan and every part
thereof and the interest payable thereon shall be and re-
main exempt from State, County, and municipal taxes.

SEC. 2. And be it further enacted, That the said bonds
shall bear date of issue and shall mature and be redeem-
able not later than thirty years from the date of issue and
they shall mature either serially or all at one time in the
discretion of the Commissioners of Queenstown.