60                           LAWS OF MARYLAND.                   [CH. 36

and Refunding Bonds of 1931, " for the purpose of improv-
ing the general sewer system of said city and for the pur-
pose of refunding fifteen thousand dollars ($15, 000. 00) of
sewer bonds heretofore issued November 1, 1921, and due
November 1, 1931, under the authority vested in it by
Chapter 810 of the Acts of the General Assembly of Mary-
land of 1914, and to provide for the advertisement and sale
of the same and the redemption of the same at maturity
together with the interest thereon when and as the same
becomes due and payable.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and Councilmen of Frostburg be,
and they are hereby authorized and empowered to borrow money
upon the credit of said municipal corporation and to issue and
sell bonds therefor to an amount not to exceed fifty thousand
dollars ($50, 000. 00) in denominations of one hundred dollars
($100. 00) or any multiple thereof. Said bonds shall be for-
ever exempt from State, county and municipal taxes, and
shall be signed by the Mayor of said municipal corporation
and attested by its City Clerk, with its corporate seal 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 thereto. Said bonds
when issued shall have written or printed on them a distinct
reference to the Act authorizing the issuance of the same and
shall be designated "Frostburg Sewer Improvement and Re-
funding Bonds of 1931. "

SEC. 2. Be it further enacted. That said bonds shall be
so issued that a series of said issue to the amount of five thou-
sand dollars ($5, 000. 00) shall mature and become payable
at the end of five years from the date of issuance of said bonds
and a like series to the amount of five thousand dollars
($5, 000. 00) shall mature and become payable at the end of
each and every year until all of said bonds of said issue shall
have been redeemed.

SEC. 3. Be it further enacted, That said Mayor and Coun-
cilmen of Frostburg 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