368 LAWS OF MARYLAND. [CH. 216

State, County and Municipal taxes. Thee authority hereby
conferred upon the Commissioners of Cambridge, Maryland,
if exercised, to borrow money on the credit of the municipal
corporation, and to issue bonds, is in addition to any similar
power and borrowing authority heretofore conferred upon said
municipal corporation.

SEC. 3. And be it further enacted, That before selling said
bonds, the Commissioners of Cambridge, Maryland, shall give
reasonable notice of the sale, by advertisement in at least one
newspaper published in the City of Cambridge, Dorchester
County, and such other and further advertisement as the Com-
missioners of Cambridge, Maryland, shall believe reasonable
and proper, specifying the time, place, manner and terms of
sale, and amount of bonds to be sold, and inviting sealed pro-
posals for the purchase of all of the said bonds to be sold. The
Commissioners of Cambridge, Maryland, shall have the right
to issue and sell part of the amount herein authorized, at
different times, that is, one part at one time, and another
part at another time, as in its discretion shall seem sufficient
to raise the money required for any of the said purposes, and
when required, without issuing and selling all of the said
bonds herein authorized, at one time; or the Commissioners
of Cambridge, Maryland, may sell all of the said bonds herein
authorized, at one time; or it may sell only such part of the
said bonds as it shall deem sufficient, without selling the re-
mainder of said bonds so authorized by this Act, whichever
shall be best in its discretion. The Commissioners of Cam-
bridge, Maryland, shall have the right to reject any and all
proposals or bids for the said bonds, and in that event shall
have full power and authority to sell the bonds theretofore ad-
vertised, either at public sale, after re-advertisement, or at
private sale, without re-advertisement, the rights of the pur-
chaser or purchasers of the said bonds, or any of them, shall
in no way or manner be affected or impaired by the application
misapplication, appropriation or misappropriation by the Com-
missioners of Cambridge, Maryland, of the money arising from
the sale of any or all of the said bonds.

SEC. 4. And be it further enacted, That the Commissioners
of Cambridge, Maryland, if any or all of said bonds are issued,
are authorized and directed to levy and collect upon all the
assessable property of the City of Cambridge, a tax sufficient
to promptly pay the principal and interest on the said bonds
as the said principal and interest on the said bonds shall be-
come due and payable, and the said levy and collection of taxes
aforesaid shall be made at the same time and in the same man-
ner as the levy and collection of other municipal taxes.