958 LAWS OF MARYLAND. [CH. 442
CHAPTER 442.
(House Bill 699)

AN ACT to authorize and empower the Mayor and Council-
men of Rock Hall, a municipal corporation of Kent County,
to borrow on the faith and credit of the town of Rock Hall
the sum of Three Thousand Dollars ($3, 000. 00), and to issue
coupon bonds therefor and to sell the same, and the pro-
ceeds arising from the sale thereof to be applied for general
town improvements and to the payment and liquidation of
certain outstanding indebtedness, and to provide for the
levying of a tax, annually, upon the assessable property of
the town of Rock Hall, to pay the interest thereon and for
the redemption and payment of said bonds as the same shall
fall due.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Councilmen of Rock Hall, a munic-
ipal corporation of Kent County, be and it is hereby authorized
and empowered to borrow on the faith and credit of the town
of Rock Hall the sum of Three Thousand Dollars ($3, 000. 00),
and to issue coupons bonds therefor in the sum of Two Hun-
dred Dollars ($200) each, to be signed by the Mayor of Bock
Hall and countersigned by the Treasurer of the town with
the seal of the town fixed thereto. The said bonds shall be
numbered consecutively from one (1) to fifteen (15), inclu-
sive, and shall bear interest at the rate of not exceeding four
per centum (4%) per annum, payable semi-annually on the
first day of July and January of each and every year, account-
ing from the first day of July, Nineteen hundred and Thirty-
nine, and said bonds and interest thereon shall be forever
exempt from all taxation for State, county and municipal
purposes in the State of Maryland, and shall have printed on
them a distinct reference to this Act authorizing their issue.

SEC. 2. And be it further enacted, That the said bonds to
be issued under this Act shall mature in their numerical order
Two Hundred Dollars ($200) annually, each and every year
beginning July 1, 1940, and one of the said bonds in their
numerical order, amounting to Two Hundred Dollars ($200)
with interest thereon, shall be paid by the Mayor and Coun-
cilmen of Rock Hall during each and every year, beginning
as aforesaid, until the whole of said bonds shall be paid, and
the date of issue shall be the same on all bonds under this
Act, which date shall be July 1, 1939.

SEC. 3. And be it further enacted, That the Mayor and
Councilmen of Rock Hall, a municipal corporation, are au-