ALBERT C. RITCHIE, GOVERNOR.                1135

Clerk to the Commissioners of Cambridge, and the coupons
attached to the bonds, to bear the facsimile signature of the
Treasurer of Cambridge. Two thousand dollars ($2?000)
principal amount of the said bonds shall become due and pay-
able on the first day of January, following the date of issue,
and two thousand dollars ($2, 000) shall become due and pay-
able on the first day of each succeeding January thereafter,
until all of the said bonds have matured.

SEC. 2. And be it further enacted, That the bonds shall be
designated as "City of Cambridge, Maryland, 1931 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 municipal corporation, and to issue
bonds, is in addition to any similar power and authority here-
tofore conferred upon said municipal corporation.

SEC. 3. And be it further enacted, That before selling the
said bonds, the Commissioners of 'Cambridge shall give reason-
able notice of the sale, by advertisement in at least one news-
paper published in the City of Cambridge, Dorchester County,,
and such other and further advertisement as the Commis-
sioners 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. 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 discre-
tion of the Commissioners of Cambridge, shall seem sufficient
to raise the money required for any of the said purposes, and
when required, without issuing and selling all of the said bonds
herein authorized, at one time, or the Commissioners of Cam-
bridge may sell all of the said bonds herein authorized, at one
time, whichever shall be best in its discretion. The Commis-
sioners of Cambridge shall have the right to reject any and
all proposals, or bids, for the said bonds, and in that event
shall have full power and authority to sell the bonds thereto-
fore advertised, either at public sale, after re-advertisement
or at private sale, without re-advertisement, the rights of the
purchaser or purchasers of the said bonds, or any of them,
shall in no way or manner be affected or impaired by the