640 LAWS OF MARYLAND. [CH. 592

issue coupon bonds in the amount of One Hundred Fifty
Thousand ($180, 000. 00) Dollars, and to provide for the ma-
turity thereof and the payment of the interest thereon and
the laying of taxes to provide for the payment of the prin-
cipal thereof at maturity, and to provide for the payment
of the proceeds of said bonds toward the construction of
additions and alterations to the Nurses' Home of Memorial
Hospital, a publicly-owned institution in Cumberland, Mary-
land.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and City Council of Cumberland is here-
by 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 ex-
empt from City, County and State taxes, and shall bear inter-
est at a rate of not more than four (4%) per centum 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
attached by the City Clerk, with the corporate seal of the City
thereunto attached.

SEC. 2. And be it further enacted, That for the purpose
of paying the interest on 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 Cumber-
land 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 pay-
ing off such part of said bonds as shall mature and be payable
in each year.

SEC. 3. And he it further enacted, That 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, may 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 adver-
tised, 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