176 LAWS OF MARYLAND. [CH. 109

the authority of said ordinance, and said certificates of
indebtedness when issued shall bear interest at such rate
or rates as may be provided by or under the authority of
said ordinance. If said certificates are issued in series
maturing at stated periods, and a proportion of the prin-
cipal is made payable annually, the Mayor and City Council
of Baltimore shall annually raise by taxation the amount
of money required to meet the interest and the proportion
of the principal payable in said year. If said certificates
are not issued in series, any premiums realized above the
par value of the whole amount of said certificates shall
constitute a part of the sinking fund created for the pur-
pose of paying the loan herein authorized; if said certifi-
cates of indebtedness are issued in series, such premiums
shall be placed to the credit of any existing sinking funds
established for the payment of any loans of the Mayor and
City Council of Baltimore.

SEC. 4. And be it further enacted, That this Act is
hereby declared to be an emergency law and necessary for
the immediate preservation of the public health and safety,
and having been passed by a yea and nay vote, supported
by three-fifths of all of the members elected to each of the
two Houses of the General Assembly, the same shall take
effect from the date of its passage.

Approved March 23, 1939.

CHAPTER 109.
(Senate Bill 220)

AN ACT to repeal and re-enact with amendments Section
1 of Chapter 276 of the Acts of 1933, as said section
was amended by Chapter 12 of the Acts of 1935, extend-
ing the time during which the Town Commissioners of
Centreville may borrow upon the faith and credit of
said municipal corporation the sum of fifteen thousand
dollars.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 1 of Chapter 276 of the Acts of
1933, as said section was amended by Chapter 12 of the
Acts of 1935, be and it is hereby repealed and re-enacted
with amendments to read as follows: