ALBERT C. RITCHIE, GOVERNOR.                  695

their respective dates; bearing interest not exceeding the rate
of 5 per cent per annum, payable semi-annually by said munici-
pality, on presentation of the interest coupon to be issued with
said bonds; and said bonds shall be exempted from all State,,
county and municipal taxation.

SEC. 5. And be it further enacted, That the Burgess and
Council of Myersville is hereby authorized and empowered to
sell said bonds by bids upon sealed proposals, after having given
at least three weeks' prior notice by advertisement in some news-
paper published in Frederick County, and in the event that no-
proper bid, in the opinion of the Burgess and Council be re-
ceived on the first advertisement, they may be advertised until a
proper bid is received, and provided that no bonds shall be sold
except for cash and for not less than the par value.

SEC. 6. And be it further enacted, That the Burgess and
Council of Myersville shall have power and authority and are
hereby required to levy annually and collect all necessary taxes
on the assessable property within the corporate limits of said
town for the payment of the interest on said bonds, as well as
to redeem and pay said bonds at maturity; and the said Bur-
gess and Council of Myersville shall create a sinking fund for
that purpose and shall levy the necessary taxes therefor; pro-
vided, however, that in no event shall the tax rate during any
one year be fixed at a sum higher than $1. 00 on a $100 of assess-
ment, and any provisions of the Charter of the Burgess and
Council of Myersville restricting said tax rate to a lesser sum
than herein designated is hereby repealed.

SEC. 7. And be it further enacted, That before said bonds
shall be issued and sold, the said Burgess and Council of Myers-
ville shall submit to the qualified voters of said town for their
approval, the question of issuing and selling said bonds; and
this may be submitted at any general election, or any special
election to be called for that purpose, and if a majority of per-
sons voting vote for the water bond issue, the. said corporation
shall proceed at once with the issue and sale thereof; but if a
majority of said voters vote against the water bond issue, said-
bonds shall not then be issued.

SEC. 8. And be it further enacted, That the Burgess and
Council of Myersville be and they are hereby authorized and
empowered to do all acts and things, not specially mentioned
herein, which may be necessary to issue and sell said bonds,,
and to arrange for the construction and maintenance of said
water supply system herein provided for.

Approved April 17, 1931.