1802 LAWS OF MARYLAND. [CH. 932

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and City Council of Cumberland be and
it is hereby authorized and empowered to issue. "Water Im-
provement Bonds of 1941", to the amount of Five Hundred
Thousand ($500, 000. 00) Dollars, payable serially and in such
amounts annually as the Mayor and City Council shall by
Ordinance determine; and to sell the same; said bonds shall
be of the denomination of One Thousand ($1, 000. 00) Dollars
each, and shall be exempt from State, County and Municipal
taxes. Said bonds shall be signed by the Mayor or the City
Council of Cumberland and attested by the City Clerk, with the
corporate seal of the City thereto attached, and shall bear in-
terest at the rate of not more than four (4%) percent per an-
num, payable semi-annually, for which interest proper coupons
are to be attached to said bonds.

SEC. 2. And be it further enacted, That the said Mayor and
City Council shall, by Ordinance, cause advertisement to be
made, setting the time and place where bids conditioned as
may be required by said Ordinance will be opened for the sale
of said bonds, reserving unto itself the right to reject any and
all bids. Said bids shall be filed with the City Clerk of the
City of Cumberland, and at the time and place advertised
shall be opened by him in the presence of the Mayor and City
Council, and if said bonds be satisfactory to the Mayor and
City Council, it shall sell said bonds, or any part thereof to
the highest bidder or bidders, of whose ability to comply with
the terms of sale the said Mayor and City Council, in its dis-
cretion, is satisfied.

SEC. 3. And be it further enacted, That upon the sale of
said bonds or any part thereof, the proceeds thereof shall be
placed in a separate fund and used by the Mayor and City
Council of Cumberland for the purpose of paying any expenses
of any kind incurred by it in connection with the construction
of an auxiliary water line from Lake Gordon to the City of
Cumberland, and for no other purpose or purposes. The said
Mayor and City Council of Cumberland shall be and is hereby
authorized to enter into any contract, agreement or under-
standing that may be found necessary in order to secure the
benefit of any funds allocated by any agency of the United
States Government in connection with or incident to the con-
struction of said line.

SEC. 4. And be it further enacted, That the Mayor and City
Council shall charge and collect for the water supplied to the
residents of the City of Cumberland and vicinity, a sum suffi-
cient to pay the expenses heretofore and hereafter necessary
for the operating of the water system of Cumberland, Mary-