ALBERT C. RITCHIE, GOVERNOR.                  569

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and Town Council of Colmar
Manor, in Prince George's County, a municipal corporation,
be and they are hereby authorized to construct roadways, alleys,
curbs, sidewalks and gutters in the said town of Colmar Manor,
when, where and in the manner to be determined by the Mayor
and Town Council.

SEC. 2. And be it further enacted, That to effectuate the
construction of roadways, alleys, curbs, sidewalks and gutters
mentioned in the preceding section, the Mayor and Town Coun-
cil of Colmar Manor, in Prince George's County, are hereby
authorized and empowered to borrow on the credit of the town
eighty thousand dollars ($80, 000. 00) and to issue bonds or
certificates of indebtedness therefor, which shall be payable as
hereinafter set forth, with interest not to exceed the rate of
six per centum, payable semi-annually, January first and July
first each year. The funds derived from the sale of said bonds
or certificates of indebtedness shall be deposited by the Mayor
and Town Council of Colmar Manor in some safe banking in-
stitution in the State of Maryland, to be determined by them,
and to be subject to the check of the town treasurer only when
countersigned by the Mayor and two members of the Town
Council. Out of said funds shall be paid only the proper ex-
penses for the negotiation, sale and liquidation of said bonds
or certificates of indebtedness and for the planning and con-
struction of the roadways, alleys, curbs, sidewalks and gutters
as provided for herein.

SEC. 3. And be it further enacted, That in issuing the
bonds or certificates of indebtedness as herein provided in Sec-
tion 2, the Mayor and Town Council of Colmar Manor, or a
majority of them, shall issue said bonds or certificates accord-
ing to what is known as the serial annuity plan, and the series
as issued shall be lettered beginning with the letter aA" and
so on down the alphabet until the said amount of eighty thou-
sand dollars ($80?000. 00) shall have been issued, so that the
entire principal sum shall be redeemable as follows:
Series              Amount                 Redeemable

A                $4, 000. 00               July 1, 1934

B                  47000. 00               July 1, 1935

C                  4, 000. 00               July 1, 1936'

D                  5,. 000. 00               July 1, 1937

E                  5, 000. 00               July 1, 1938