HERBERT R. O'CONOR, GOVERNOR. 689

building a Community Building for said Town and provid-
ing for the levying of taxes to pay the interest on and to
redeem said bonds, and providing for a referendum thereon.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Council of Kitzmillerville, in Gar-
rett County, a municipal corporation, be and it is hereby au-
thorized and empowered to borrow upon the faith and credit
of the said town of Kitzmillersville a sum not exceeding f 10, -
000. 00 and to issue and sell bonds for said sum, said bonds to
be signed by the Mayor of said Town and to be countersigned
by the Clerk of the Council thereof, and to be sealed with the
seal of said town. Said bonds shall be known and designated
as "Community Building Bonds" and shall bear interest at a
rate not exceeding three per cent (3%) per annum, payable
semi-annually; said bonds shall be exempt from all State,
county and municipal taxation, and shall have printed on them
a distinct reference to the Act authorizing their issue.

SEC. 2. And be it further enacted, That said bonds shall be
issued in denominations of f500. 00 each and shall be payable
as to principal thereof in thirty (30) years from the date of
issue, said bonds shall be serial coupon bonds and so issued
that one bond shall become due and be paid May 1st of each
year. Provided, however, that after the expiration of ten (10)
years from the date of issue, the Mayor and Council may, from
time to time, upon any anniversary of the date of issue redeem
any one or all of said bonds. If less than the whole issue is to
be redeemed, said Mayor and Council shall proceed to deter-
mine by lot which of said bonds are to be redeemed, and when
said bond or bonds are thus selected for redemption, the Mayor
and Council shall give notice to the holder thereof by regis-
tered mail, if known, and if the holder is not known, then the
Mayor and Council shall give notice by advertisement inserted
in two newspapers, if so many be published in Garrett County,
of the number of said bond or bonds selected for redemption,
and when and where it is to be paid, and interest shall cease
on said called in bond or bonds from and after the date fixed
for redemption.

SEC. 3. And be it further enacted, That the Mayor and
Council of Kitzmillersville shall cause proper advertisement
to be made stating the time and place where bids, conditioned
as the said Mayor and 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 bonds, together
with such certified checks as may be required, shall be filed with
the Clerk of said Town, and at the time and place advertised,
shall be opened by him in the presence of the Mayor and Coun-