HARRY W. NICE, GOVERNOR. 59

coupon bonds therefor and to sell the same, the proceeds
arising from the sale thereof to be applied to the payment
and liquidation of certain outstanding bonds, due and
owing by the said Mayor and Council of Crisfield, and to
provide for the levying of a tax annually upon the assess-
able property of said city to pay interest thereon and for
the redemption and payment of said bonds as the same
shall fall due.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and Council of Crisfield be and
is hereby authorized and directed to borrow on the faith
and credit of the City of Crisfield the sum of Thirty-eight
Thousand Dollars ($38, 000. 00) and to issue coupon bonds
therefor in sums of Five Hundred Dollars ($500. 00), to
be signed by the Mayor of Crisfield and countersigned by
the Treasurer of the Mayor and Council thereof, with the
seal of said municipal corporation affixed thereto, and said
bonds shall be designated as "Crisfield Refunding Bonds"
and shall be numbered consecutively from one (1) to
seventy-six (76) inclusive, and shall bear interest at a rate
of four and one-half per cent. (41/2%) per annum, pay-
able semi-annually on the first day of February and Au-
gust of each and every year, and said bonds shall be ex-
empted from all taxation for State, county and municipal
purposes in the State of Maryland and shall have printed
on them a distinct reference to this Act authorizing their
issue.

SEC. 2. And be it further enacted, That the said bonds
to be issued under this Act shall mature in their numeri-
cal order, Two Thousand Dollars ($2, 000. 00) annually in
each and every year beginning February 1st, in the year
1936, and that said bonds, with interest thereon, shall be
paid and cancelled by the said Mayor and Council of Cris-
field in the amount of Two Thousand Dollars ($2, 000. 00)
during each and every year beginning as aforesaid until
the whole of said bonds shall have been paid, and the date
of issue shall be the same on all bonds under this Act,
which date shall be as of February 1st, 1935.

SEC. 3. And be it further enacted, That the Mayor and
Council of Crisfield is authorized and empowered to sell
said bonds at public sale to the highest bidder upon sealed
proposals after having given at least ten days' prior no-
tice by advertisement in some newspaper published in