604                         Laws or Maryland.                  [CH. 227

CHAPTER 227.

A1ST ACT to authorize the County Commissioners of Allegany
County to issue bonds in the sum of sixty thousand ($60, -
000. 00) dollars, and to sell the same and to provide for the
laying of an assessment for the purpose of paying the inter-
est thereon and the principal thereof at maturity, and to
authorize the expenditure or lending of the proceeds of the
sale of said bonds to the board of governors of the Memorial
Hospital of Cumberland, Maryland.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the County Commissioners of Allegany
County be and are hereby authorized, directed and empowered
to issue bonds to the amount of sixty thousand ($60, 000. 00)
dollars, payable at the end of twelve years from the date of
issue, and to sell the same; said bonds shall be of the denom-
ination of one thousand ($1, 000. 00) dollars each, and shall
be exempt from city, county and state taxes, and shall bear
interest at the rate of not more than five per cent, per annum,
payable semi-annually, for which proper interest coupons are
to be attached to said bonds; and said bonds shall be signed
by the President of the County Commissioners of Allegany
County, and duly attested by the clerk thereof, with the cor-
porate seal of the County Commissioners thereunto attached;
said bonds when issued shall have written or printed on them a
distinct reference to the Act directing the issue of the same,
and shall be designated Memorial Hospital Bonds of 1931.
Upon the sale of said bonds, the proceeds thereof, after pay-
ment of the costs and expenses incident to the issuance thereof,
shall be used by the County Commissioners of Allegany
County for the purpose of purchasing from the Board of Gov-
ernors of the Memorial Hospital of Cumberland, Maryland, a
body politic, incorporated, all of that property commonly iden-
tified as the Western Maryland Hospital property, situated on
Baltimore Avenue, in the City of Cumberland, Maryland, or
in lieu of the purchase of said property, said County Commis-
sioners may lend the net proceeds from the sale of said
bonds to the said Board of Governors of the Memorial Hos-
pital, and secure said loan by the acceptance of a mortgage
upon said Western Maryland' Hospital property, upon such
terms and conditions as the said County Commissioners of
Allegany County may direct.