ALBERT C. RITCHIE, GOVERNOR.                     11

hereafter affecting the water system and supply of said city,
and to provide for the advertisement of the same, and to
further provide punishment for the violation of this Act,
and to make this Act an emergency law.

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 "Water
Improvement Bonds of 1931" to the amount of Nine Hundred
Thousand ($900, 000. 00) Dollars, payable at the end of forty
years from the date of issue, and to sell the same; said bonds
shall be of the denomination of One Thousand ($1, 000. 00)
Dollars and shall be exempt from State, County and Municipal
taxes. Said bonds shall be signed by the Mayor of the City of
Cumberland and attested by the City Clerk, with the corporate
seal of the City thereto attached, and shall bear interest at the
rate of not more than five per cent, per annum, payable
semi-annually, for which interest proper coupons are to be
attached to said bonds; and at the end of each fiscal year an
excess of receipts over expenses in the water fund shall be
paid to the Trustees of the Sinking Fund to be held and
invested for the redemption of the Water Bonds of the City of
Cumberland outstanding, with the right to the Trustees of said
Sinking Fund to purchase any of said bonds and cancel the
same.

SEC. 2. And be it further enacted. That the said Mayor
and City Council shall, by ordinance, cause advertisement to be
made, setting the time and place where bids conditioned as may
be required by said ordinance will be opened for the sale of said
bonds, reserving unto itself the right to reject any and all bids.
Said bids shall be filed with the City Clerk of the City of
Cumberland, and at the time and place advertised shall be
opened by him in the presence of the Mayor and City Council,
and if said bonds be satisfactory to the Mayor and City Coun-
cil, it shall sell said bonds, or any part thereof, to the highest
bidder, or bidders, of whose ability to comply with the terms
of sale the said Mayor and City Council in its discretion is
satisfied.

SEC. 3. And be it further enacted, That upon the sale of
said bonds, or any part thereof, the proceeds thereof shall be
placed in a separate fund, and used by the Mayor and City
Council for the purpose of relocating roads and building an
additional dam in Evitt's Creek and paying the cost of all work