1104                      LAWS OF MARYLAND.                  [CH. 435

January, following the date of issue, and ten thousand dollars
($10, 000. 00), principal amount of the said bonds shall become
due and payable on the first day of each succeeding January
thereafter, until all of the said bonds have matured.

SEC. 3. And be it further enacted, That the said bonds
shall be designated as "Sewage Disposal Plant Loan, " and
shall bear a reference to this Act, authorizing their issue.

The said bonds and all interest thereon, shall be exempt
from all State, county and municipal taxes.

The authority hereby conferred upon The Commissioners of
Cambridge to borrow money on the credit of the said municipal
corporation, and to issue bonds, is in addition to any similar
power and authority heretofore conferred upon said municipal
corporation.

SEC. 4. And be it further enacted, That before selling the
said bonds, The Commissioners of Cambridge shall give rea-
sonable notice of the sale by advertisement in at least one news-
paper published in the City of Cambridge, Dorchester County,
Maryland, and such other and further advertisement as The
Commissioners of Cambridge 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, to be sold.

The Commissioners of Cambridge 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 the discretion of The Commissioners of Cambridge,
shall seem sufficient to raise the money required for the afore-
said purpose of installing a sewage disposal system, and when
required, without issuing and selling all of the said bonds here-
in authorized at one time, or The Commissioners of Cambridge
may sell all of the said bonds herein authorized, at one time,
as in its discretion shall seem best.

And The Commissioners of Cambridge shall have full power
to issue and sell less than the whole amount of three hundred
and fifty thousand dollars ($350, 000. 00), and shall issue and
sell only such part of said sum of three hundred and fifty
thousand dollars ($350, 000. 00), as shall be necessary to in-
stall the said sewage disposal system, and if in its discretion,
all of the total amount of said bonds is not necessary for said
purpose, then to issue and sell such part thereof, as shall be
necessary, the amounts accruing each year to be approximately