ALBERT C. RITCHIE, GOVERNOR.                     65

CHAPTER 39.

AN ACT to authorize the Mayor and City Council of Cum-
berland to issue bonds to the amount of fifty thousand
($50, 000. 00) dollars for the purpose of purchasing and/or
remodeling any existing building, or building a new building
to be used as a City Jail and such other purposes as the
Mayor and City Council of Cumberland may require for
its public purpose, in the City of Cumberland, Maryland,
and to provide for the advertisement and sale of the same
and redemption of the same at maturity, together with the
interest thereon when and as the same becomes due and
payable, and repealing any Act or part thereof inconsistent
herewith.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and City Council of Cumberland,
Maryland, be and it is hereby authorized and empowered to
issue bonds to the amount of fifty thousand ($50, 000. 00) dol-
lars, payable at the end of twenty years from the date' of issue,
and to sell the same in whole or in part, and to apply the pro-
ceeds thereof as hereinafter provided; said bonds to be of the
denomination of one thousand ($1, 000. 00) dollars, each, and
shall be exempt from city, county and State taxes1, and shall
bear interest at the rate of not more than five per cent, per
annum, payable semi-annually, and for which proper interest
coupons are to be attached to said bonds; said bonds shall be
signed by the Mayor of the City of Cumberland and duly at-
tested by the City Clerk, with the corporate seal of the City
thereto^ attached.

SEC. 2. And be it further enacted, That for the purpose
of paying the interest of said bonds, and retiring said bonds
at maturity, said Mayor and City Council of Cumberland
shall assess against the assessable property in the City of Cum-
berland in each year during the continuance of said bonds a
sum of money sufficient to pay the interest upon said bonds,
and such further sum as may be required for the purpose of
finally retiring said bonds at maturity, and shall deposit said
principal sum with the trustees of the sinking fund of the City
of Cumberland, and it shall be the duty of the trustees of the
sinking fund to invest such sums so paid to them for said
purpose, together with all interest which may accrue, in proper
securities, and they shall have power to purchase bonds issued
hereunder for said sinking fund.