510                          LAWS OF MARYLAND.                 [CH., 192

CHAPTER 192.

AN ACT to repeal and re-enact, with amendments, Chapter
318 of the Acts of the General Assembly of Maryland, Ses-
sion of 1927, entitled "An Act to authorize the County Com-
missioners of Montgomery County to borrow upon the credit
of the County in the sum not to exceed two hundred thou-
sand ($200, 000) dollars in certain contingencies, " so as to
authorize said Board of County Commissioners to borrow
an additional one hundred thousand dollars ($100, 000) and
issue certificates of indebtedness therefor, thereby creating
a revolving fund to meet any contingent expenditures and
to provide for the redemption of said certificates. '

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Chapter No. 318 of the Acts of the General
Assembly of Maryland, Session of 1927, as said Act is codified
and edited by Horace E. Flack and designated as Sections
No. 236, 237 and 238 of Article 16 of the Code of Public
Local Laws of Maryland, title "Montgomery County, " sub-
title "County Commissioners, " be and the said Act and sections
are hereby repealed and re-enacted to read as follows:

236.     Whenever the amount of taxes collected in Mont-
gomery County shall be insufficient to meet the current ex-
penses of said county, or whenever in the opinion of the Board
of County Commissioners of Montgomery County it shall be
necessary for the protection of the health, morals and safety
of the people of the county, the said Board of County Commis-
sioners is hereby authorized to borrow upon the faith and
credit of said county to the amount of not to exceed the sum of
two hundred thousand ($200, 000) dollars to meet such deficit
or to provide for such emergency or contingency.

237.     For the purpose of borrowing money as above set
forth, the County Commissioners of Montgomery County are
hereby authorized and empowered to issue certificates of in-
debtedness in the name and upon the credit of said county in
such denominations and to mature at such times not to exceed
thirty months from the date of issuance, as they may in their
discretion determine, said certificates to bear interest or' be
discounted at the rate not to exceed six per centum per annum
and to be signed by the President of the Board of County
Commissioners and attested by the Clerk of the said Board,,