ALBERT C. RITCHIE, GOVERNOR.                      9

same, for the purpose of making certain improvements to
the public streets within the corporate limits of the City of
Salisbury.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That for the purpose of providing funds for the
opening, widening, grading, paving, curbing, draining and
otherwise improving the condition of the public streets within
the corporate limits of the City of Salisbury, the Mayor and
Council of Salisbury be, and it is hereby authorized and em-
powered to borrow from time to time a sum or sums of money
not exceeding in the aggregate fifty thousand dollars ($50, -
000. 00) upon the faith and credit of the City of Salisbury,
and to issue and sell serial bonds therefor, which said bonds
shall be known as "Salisbury Street Improvement Bonds of
1931. "

SEC. 2. And be it further enacted, That the said bonds to
be issued from time to time under this Act shall be either reg-
istered or coupon bonds, issued in such denominations as shall
be determined by the Mayor and Council of Salisbury by ordi-
nance, shall bear interest at a rate not exceeding five per
centum (5%) per annum, payable semi-annually, shall all be
serial type bonds, and shall all mature in not exceeding twenty-
five (25) years from the date of issue, and shall be forever
exempt from State, county and municipal taxation. Said
bonds shall be signed by the Mayor of Salisbury, with the seal
of the city attached thereto, attested by the Clerk of Salis-
bury, and if coupon bonds, the coupons thereon shall be signed
by the Clerk of Salisbury, or a fac-simile of his signature shall
be stamped, printed or engraved thereon. Said bonds, when
signed and attested as heretofore directed, shall be delivered, to
the Clerk of Salisbury, and the bond of said Clerk of Salis-
bury shall be responsible for the safekeeping of said bonds and
the proceeds thereof. The Clerk of Salisbury shall sell said
bonds at public auction or by sealed bids, after giving at least
two weeks7 public notice thereof in one or more newspapers
published in the City of Salisbury, and in one or more news-
papers published in the City of Baltimore, under the super-
vision of and at such times and in such amounts as the Mayor
and Council of Salisbury shall order, but no bonds shall be
sold by sealed bids, except at prices approved by the Mayor
and Council of Salisbury. The said Clerk of Salisbury shall
deliver said bonds so sold to the purchaser or purchasers there-
of, and receive the money therefor, including any premiums