1344 LAWS OF MARYLAND. [CH. 769

and tenor of said bonds hereby authorized; providing for the
payment of the principal and interest of a portion of said
bonds primarily from the revenues derived from the opera-
tion of the Havre de Grace Water Plant and to the extent
of any deficiency from a general tax levy, and providing
that the remainder of said bonds shall be payable as to prin-
cipal and interest from a general tax levy; exempting all
or any of the bonds so issued hereunder from all taxes in
this State; authorizing the Mayor and City Council of
Havre de Grace to levy all taxes necessary for the pur-
poses of this Act upon all assessable property within the
corporate limits of said municipality without regard to any
limitation heretofore or hereafter made upon the taxing
power of said municipality; providing for the modification
of certain of the terms and provisions of said Chapter 32 of
the Acts of the General Assembly of Maryland, passed at
its Extraordinary Session in the year 1936, in the event the
powers herein granted are exercised.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That for the purpose of refunding certain of its outstand-
ing bonded and floating indebtedness hereinafter enumerated,
the Mayor and City Council of Havre de Grace be and it is
hereby authorized and empowered to issue and sell from time
to time on its full faith and credit not exceeding One hundred
and sixty-two thousand dollars ($162, 000. 00) aggregate prin-
cipal amount of the negotiable coupon bonds of said munic-
ipality, the proceeds of the sale of said bonds, or any part
thereof, to be used solely and exclusively for the purpose of
refunding such indebtedness, or any part thereof, hereinafter
enumerated. Said bonds so authorized hereby shall be known
as "Havre de Grace Refunding Bonds of 1941"; they shall be
issued in negotiable bearer, coupon form, registerable as to
principal only in such manner and at such place as said Mayor
and City Council of Havre de Grace may by ordinance pre-
scribe, and each bond shall contain on its face a distinct refer-
ence to this Act by quotation of the title hereof. The bonds
hereby authorized shall be divided into three series, designated
respectively Series B, in the aggregate par amount of One
hundred thousand dollars ($100, 000. 00), Series G, in the aggre-
gate par amount of Forty-seven thousand dollars ($47, 000. 00),
and Series D, in the aggregate par amount of Fifteen thousand
dollars ($15, 000. 00). The bonds of said several series may be
issued at separate times or all at one time, but the bonds of
Series B and Series C shall be issued not sooner than three
months prior to any date upon which the bonds to be refunded
thereby, as hereinafter enumerated, shall be subject to call for