300 LAWS OF MARYLAND. CH. 229

and sale of not exceeding Forty-one thousand dollars
($41, 000. 00) aggregate par amount of the negotiable
coupon bonds of said municipality; to use the proceeds
of the sale of said bonds to redeem and retire Twenty-
five thousand dollars ($25, 000. 00) aggregate par amount
of floating debt refunding bonds due January 1, 1942,
and Sixteen thousand dollars ($16, 000. 00) of refunding
bonds due May 1, 1942; to prescribe the form, tenor,
method and manner of sale of said bonds hereby author-
ized, and to provide that the same shall be issued upon
the full faith and credit of the Mayor and Council of
Crisfield and shall be payable as to both principal and
interest from unlimited ad valorem taxes levied upon all
assessable property within the corporate limits of said
municipality.

WHEREAS, There is now outstanding Twenty-five
thousand dollars ($25, 000. 00) aggregate par amount of
floating debt refunding bonds issued by the Mayor and
Council of Crisfield pursuant to the authority of Chapter 459
of the Acts of the General Assembly of Maryland, passed at
its Regular Session in the year 1922, all of which bonds
mature and are payable on January 1, 1942; and

WHEREAS, There is now outstanding Sixteen thousand
dollars ($16, 000. 00) aggregate par amount of refunding
bonds issued by the Mayor and Council of Crisfield pur-
suant to the authority of Chapter 11 of the Acts of the
General Assembly of Maryland, passed at its Regular Ses-
sion in the year 1918, all of which bonds mature and are
payable on May 1, 1942; and

WHEREAS, In accordance with the present financial plans
of the Mayor and Council of Crisfield, it is desirable and
necessary that both issues of said bonds be further re-
funded as and when the same mature by the issue and sale
of Forty-one thousand dollars ($41, 000. 00) aggregate par
amount of refunding bonds; therefore,

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and Council of Crisfield, a mu-
nicipal corporation of the State of Maryland, is* hereby
authorized and empowered to provide for the refunding
of the two issues of bonds above described by the further
issue and sale of its refunding bonds in the aggregate par
amount of Forty-one thousand dollars ($41, 000), such
new bonds to be in negotiable coupon form. Said bonds
hereby authorized shall be known as "Crisfield Refunding