232 LAWS OF MARYLAND, [CH. 184

municipality, and upon the improvement and repair of
other streets and roadways within said municipality. Said
fund may be borrowed by the Mayor and Council of Cris-
field from time to time or all at one time as the cost of
construction may require, or the Mayor and Council of
Crisfield may, in its discretion, advance said construction
costs from its general funds as the work proceeds, and
upon the entire or partial completion of said work reim-
burse said general funds by the issue and sale of the bonds
hereby authorized.

SEC. 2. And be it further enacted, That the Mayor and
Council of Crisfield is hereby authorized and directed
to authorize the issue and sale of said bonds by the passage
of an appropriate ordinance or ordinances in the manner
required by law. Said bonds shall be issued in denomina-
tions of Five hundred dollars ($500. 00) or One thousand
dollars ($1, 000. 00) each as may be provided in said ordi-
nance, and by said ordinance said Mayor and Council of
Crisfield shall prescribe the form of said bonds in accord-
ance with the provisions of this section. Said bonds shall
all bear the signature of the Mayor of Crisfield, and there
shall be attached to each bond the corporate seal of said
municipal corporation duly attested by the City Clerk.
Said bonds shall be in coupon form, registerable as to prin-
cipal only, and shall contain a distinct reference to this
Act authorizing their issuance by quotation of the title
hereof. Said bonds shall be numbered consecutively, and
they shall be issued to mature fifteen years from date of
issue. All of said bonds shall be known as "Crisfield
Street Improvement Bonds of 1941", and each bond shall
contain on its face an unqualified pledge of the full faith
and credit of the Mayor and Council of Crisfield to the pay-
ment of the principal and interest of such bond as the same
shall mature and become payable. In all other respects,
the Mayor and Council of Crisfield shall have full and un-
qualified discretion to determine, by said ordinance or ordi-
nances, the form and tenor of said bonds, and the Mayor
and Council of Crisfield shall also have full power and dis-
cretion to determine the interest rate payable on said
bonds, not exceeding five per centum (5%) per annum,
payable semi-annually, or to prescribe the method by which
said interest rate shall be arrived at as hereinafter pro-
vided. The Mayor and Council of Crisfield shall also have
full power and authority to retain the right to redeem any
or all of said bonds prior to maturity under such circum-
stances as may seem to it right and proper. All of said
bonds shall be suitably printed, lithographed or engraved,