ALBERT C. RITCHIE, GOVERNOR.                  779

borrowed therefrom by the Commissioners of Chestertown
in their individual capacity, as well as by certain public
spirited citizens of Chestertown, which money so borrowed
was used in making permanent improvements to certain
streets, sidewalks, gutters and curbs in Chestertown, and
the remainder of the proceeds of said bonds to be used by
the Commissioners of Chestertown in the construction of an
improved highway on Cross Street, between High Street
and Maple Avenue, in said town, and to provide for the
payment of the interest on said bonds and of the principal
thereof by the levy of taxes upon the taxable property in
Chestertown, and providing that said Act shall be passed
as an emergency measure.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Commissioners of Chestertown be and
they are hereby authorized and empowered to borrow on the
credit of Chestertown the sum of twenty-five thousand dollars
($25, 000. 00), and to issue coupon bonds therefor in the sums
of not less than one hundred dollars ($100. 00) or more than
one thousand dollars ($1, 000. 00), said bonds to be signed by
the said Commissioners of Chestertown and countersigned by
the clerk thereof, as well as under the Corporate Seal of the
Commissioners of Chestertown, to be designated as "Chester-
town Public Debt Bonds, " said bonds to bear interest at a rate
to be fixed by the Commissioners of Chestertown not exceeding
five per centum per annum, payable semi-annually on the first
day of July and on the first day of January of each year,
which bonds shall be exempt from all State, county and munici-
pal taxation in Kent County, and the due or over-due coupons
for interest shall be received by the Commissioners of Ches-
tertown in payment of said town's taxes. The said bonds
shall bear date as of January 1, 1932, and be payable in sums
of two thousand dollars ($2, 000. 00) in each of the years be-
ginning with January 1, 1933, and each year thereafter until
fully paid; said bonds to be numbered consecutively and to be
redeemed in the order in which they are numbered.

SEC. 2. And be it further enacted, That the Commissioners
of Chestertown are hereby authorized and directed to adver-
tise at least once a week for three successive weeks in the
three newspapers published in Kent County, Maryland, for
sealed proposals for the negotiation of said bonds, and on a
certain day to be named in said advertisements, the said Com-