1122 LAWS OF MARYLAND. [CH. 651
CHAPTER 651.
(House Bill 474)

AN ACT to authorize the Mayor and City Council of Cum-
berland, Maryland, to issue coupon bonds in the amount of
One Hundred Fifty Thousand ($150, 000. 00) Dollars, and
to provide for the payment of the interest thereon and the
principal thereof at maturity, to be known as "Cumberland
Airport Bonds", and to provide that the proceeds from the
sale of said bonds shall be used toward the acquisition of
land and the construction of an Airport thereon and the
payment of any expenses incident thereto, or to subscribe to
the entire capital stock of a wholly, publicly-owned corpora-
tion to be organized for the purpose of acquiring land and
constructing said Airport and to repeal all Acts or parts of
Acts inconsistent with the provisions of this Act.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and City Council of Cumberland, Mary-
land, be and is hereby authorized and empowered to issue bonds
in the amount of One Hundred Fifty Thousand ($150, 000. 00)
Dollars, payable serially and in such amounts annually as the
said Mayor and City Council shall by ordinance determine, and
to sell the same in whole or in part and to apply the pro-
ceeds 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 four (4%) per cent
per annum payable semi-annually and for which proper inter-
est 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
thereunto attached.

SEC. 2. And be it further enacted, That for the purpose of
paying the interest upon 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 Cumber-
land in each year during the continuance of said bonds a sum
of money sufficient to pay the interest upon said bonds and
such further sums as may be required for the purpose of pay-
ing off such part of said bonds as shall mature and be payable
in each year, and shall use said money in payment of said
interest and the principal of said bonds until the whole thereof
has been paid.

SEC. 3. And be it further enacted, That the Mayor and City
Council of Cumberland shall cause proper advertisement to