HERBERT R. O'CONOR, GOVERNOR. 209

1. The Mayor and City Council of Cumberland is hereby
authorized and empowered to issue bonds to the amount
of One Hundred Fifty Thousand ($150, 000. 00) Dollars pay-
able serially and in such amounts annually as the Mayor
and City Council shall by ordinance determine, 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 percent (5%) per annum,
payable semi-annually 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 thereunto
attached,

2. 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 sums as may be required
for the purpose of paying off such part of said bonds as shall
mature and be payable in each year.

3. 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, reserving unto itself the right to reject
any and all bids. Said bids, together with such certified
checks as may be required, shall be filed with the City Clerk,
and at the time and place advertised, shall be opened by him
in the presence of the Mayor and City Council, and if said
bids be satisfactory to the Mayor and City Council, it shall
sell said bonds, or any part thereof, to the highest bidder or
bidders therefor, of whose ability to comply with the terms of
sale the said Mayor and City Council, in its discretion, is
satisfied. In the event the bonds be sold, the proceeds thereof
shall be placed in a separate fund and shall be used for the
sole purpose of constructing additions and alterations to the
Memorial Hospital, Cumberland, Maryland.

4. Any and all Acts or parts of Acts or any part or parts
of the Charter of the City of Cumberland, Maryland, conflict-
ing in any way herewith is or are repealed insofar and to the
extent that the same shall so conflict and none of the limita-
tions or restrictions on the power of the Mayor and City
Council of Cumberland to borrow money, or issue and sell