456 LAWS OF MARYLAND [CH. 105

and from time to time, an amount or amounts, in addition to
any existing and outstanding indebtedness of said Munici-
pality, not exceeding in the aggregate the sum of Three
Hundred Thousand Dollars ($300,000.00) for the opening, ex-
tension, laying down, widening, improving and construction
of roads and streets in the City of Annapolis, and to evidence
such borrowing by serial bonds issued upon the full faith and
credit of the City of Annapolis.

SEC. 2. And be it further enacted, That said bonds shall
be issued at such times and for such amounts, within the
limitations above set forth, as may be fixed by ordinance of
the Mayor and Aldermen of the City of Annapolis, and no
referendum of, or approval by, the qualified voters of the City
of Annapolis of the issuance of said bonds, or the borrowing
of money, or incurring indebtedness for the purposes above
set forth, shall be required as a condition precedent to the
passage of such ordinance, or to the issuance of any such
bonds; said Municipal Corporation may fix by ordinance the
form and tenor of any such bonds, the rate or rates of in-
terest payable thereon, not exceeding four per centum (4%)
per annum, which may vary in different issues, or the method
of arriving at the same, the date or dates upon which said
bonds shall mature and be payable, provided they shall be in
serial maturities not exceeding twenty-five (25) years for
bonds issued for road and street purposes, the method
and manner of the sale of said bonds, and generally all
matters incident or necessary to the issuance, sale, de-
livery and payment thereof. Said ordinance shall determine
the form of said bonds and the manner of their execution,
shall fix the denomination and the place of payment of the
principal and interest thereon. In case any officer whose
signature shall appear on any such bonds, or on the coupons
attached thereto, shall cease to be such officer before their
delivery, such signature shall, nevertheless, be valid and
sufficient for all purposes to the same extent as if such officer
had remained in office until such delivery. Should any officer
authorized by such ordinance to execute such bonds die or
become disabled after the passage of such ordinance and
prior to the execution of the bonds, said Municipality may
by a supplemental ordinance designate any other officer, in
its discretion, to execute the same. Said bonds may be is-
sued in coupon form, registerable as to principal, and may
contain provisions for the redemption thereof prior to ma-
turity, all as determined by such ordinance. Said bonds
shall be sold subject to the provisions of Sections 34, 35 and
36 of Article XXXI of the Annotated Code of Public General
Laws of Maryland.