HERBERT R. O'CONOR, GOVERNOR. 253

tain and operate a sanitary sewerage system and disposal
plant for the purpose of serving the residents and property
owners in said town and for any other municipal purposes,
and to borrow money upon the credit of said town; and to
issue negotiable interest-bearing coupon bonds in the prin-
cipal amount not to exceed $40, 000. 00; and to provide for
the payment of the same with interest thereon; and to use
the proceeds of sale of said bonds to pay for the construction
and installation of said sanitary sewerage system and dis-
posal plant; and to authorize the acquiring of the necessary
property, real and personal, either by purchase or con-
demnation within the corporate limits of the town of Up-
per Marlboro, and outside the corporate limits that may be
necessary for the installation and operation of said system
and plant; and to hold an election in the Town of Upper
Marlboro to ascertain whether or not the qualified voters
within said town, approve or disapprove the installation of
said system and plant.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Town Commissioners of Upper Marlboro, be
and it is hereby authorized and empowered to construct, in-
stall, equip, maintain and operate a sanitary sewerage sys-
tem, and disposal plant, for the purpose of serving the resi-
dents and property owners of said town.

SEC. 2. And be it further enacted, That the said Town
Commissioners of Upper Marlboro, be and it is hereby au-
thorized and empowered to borrow on the credit of said town,
for said purpose, a sum not to exceed $40, 000. 00 and to issue
its negotiable interest-bearing coupon bonds therefor, said
bonds to be issued in denominations of $500. 00 or $1, 000. 00
each, or either or both, and to bear interest not exceeding 4%
per annum, to be determined by the Town Commissioners of
Upper Marlboro, the interest to be payable semi-annually, the
bonds to be dated as of such date as the Town Commissioners
of Upper Marlboro determine, said bonds to be signed by the
President and countersigned by the Secretary of said Town
Commissioners and to be sealed with the seal of the said
municipal corporation and the coupons attached to the bonds
to bear the facsimile signature of the Treasurer of the Town
Commissioners of Upper Marlboro, Maryland, $500. 00 prin-
cipal amount of said bonds shall be due and payable two years
after the date thereof, and $500. 00 principal amount of said
bonds shall become due and payable each succeeding year for
a period of twenty-two years, and thereafter $1, 500. 00 of the
principal amount of said bonds shall be due and payable year-
ly until all of the bonds have matured.