40 LAWS OF MARYLAND. [CH. 24

CHAPTER 24.

(House Bill 20)

AN ACT to authorize the Mayor and City Council of Cum-
berland, Maryland, to issue Coupon Bonds to be known as
"Works Relief Bonds of 1939, " to the amount of Fifty
Thousand ($50, 000. 00) Dollars, and to sell the same and
to use the proceeds thereof for the purpose of paying ex-
penses in affording public work for relief purposes within
the City of Cumberland, and to provide for disposition of
a surplus, if any remains.

SEC. 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and City Council of Cumberland, Mary-
land, be and it is hereby authorized and empowered to issue
bonds to the amount of "Fifty Thousand ($50, 000. 00) Dollars,
payable at the end of twenty years from the date of issue,
and to sell the same in whole or in part, and to apply the
proceeds thereof as hereinafter provided; said bonds to be
of the denomination of One Thousand ($1, 000. 00) Dollars
each, and shall be exempt from City, County and State taxes,
and shall bear interest at the rate of not more than five per-
cent per annum, payable semi-annally, and for which proper
interest coupons are to be attached to said bonds; said bonds
shall be signed by the Mayor of the City of Cumberland and
duly attested by the City Clerk, with the corporate seal of the
City thereto attached.

SEC. 2. And be it further enacted, That for the purpose
of paying the interest of said bonds, and retiring said bonds
at maturity, said Mayor and City Council of Cumberland
shall assess against the assessable property in the City of
Cumberland in each year during the continuance of said
bonds, a sum of money sufficient to pay the interest upon
said bonds and such further sum as may be required for the
purpose of finally retiring said bonds at maturity, and shall
deposit said principal sum with the trustees of the sinking
fund of the City of Cumberland, and it shall be the duty of
the trustees of the sinking fund to invest such sums so paid
to them for said purpose, together with all interest which
may accrue, in proper securities, and they shall have power
to purchase bonds issued hereunder for said sinking fund.

SEC. 3. And be it further enacted, That the Mayor and
City Council of Cumberland shall cause proper advertisement
to be made stating the time and place where bids, conditioned
as the said Mayor and City Council may require, will be
opened for the sale of said bonds as a whole or in parts, re-