788 LAWS OF MARYLAND. [CH. 353

est payable semi-annually on the 1st day of January and
the 1st day of July in each and every year after the date
of issue, the bonds to be dated as of such date as The Com-
missioners of Cambridge, Maryland, determine, said bonds
to be signed by the Mayor of Cambridge and sealed with
the seal of the said municipal corporation, duly attested
by the Town Clerk or Clerk to The Commissioners of Cam-
bridge, Maryland, and the coupons attached to the bonds to
bear the facsimile signature of the Treasurer of Cambridge.
Bonds numbered 1, 2, 3, 4, and 5, each in the sum of One
Thousand Dollars ($1, 000. 00), shall become due and pay-
able on the 1st day of July, 1940; bonds numbered 6, 7, 8,
9, 10, 11, 12, 13, 14, and 15 each in the sum of One Thou-
sand Dollars ($1, 000. 00), shall become due and payable on
the 1st day of July, 1945; bonds numbered 16, 17, 18, 19,
20, 21, 22, 23, 24, and 25, each in the sum of One Thousand
Dollars ($1, 000. 00), shall become due and payable on the
1st day of July, 1950; and bonds numbered 26/27, 28, 29,
30, 31, 32, 33, 34, 35, 36, 37, 38, 39, and 40, each in the sum
of One Thousand Dollars ($1, 000. 00), or any part of said
bonds issued, shall become due and payable on the 1st day of
July, 1955.

SEC. 2. And be it further enacted, That the bonds shall
be designated as "1935 Municipal Improvement Bonds, "
and shall bear a reference to this Act, authorizing their
issue. The said bonds and all interest thereon shall be ex-
empt from all State, county and municipal taxes. The
authority hereby conferred upon The Commissioners of
Cambridge, Maryland, to borrow money on the credit of
the municipal corporation, and to issue bonds, is in addi-
tion to any similar power and borrowing authority here-
tofore conferred upon said municipal corporation.

SEC. 3. And be it further enacted, That before selling
said bonds, The Commissioners of Cambridge, Maryland,
shall give reasonable notice of the sale, by advertisement
in at least one newspaper published in the City of Cam-
bridge, Dorchester County, and such other and further ad-
vertisement as The Commissioners of Cambridge, Mary-
land, shall believe reasonable and proper, specifying the
time, place, manner and terms of sale, and amount of bonds
to be sold, and inviting sealed proposals for the purchase of
all of the said bonds. The Commissioners of Cambridge,
Maryland, shall have the right to issue and sell part of the
amount herein authorized, at different times, that is, one
part at one time, and another part at another time, as in