1290 LAWS OF MARYLAND. [CH. 536
($100, 000. 00) for the purpose of constructing and equipping
a fire engine house, acquiring a site, and purchasing a fire
truck and equipment, to provide for the repayment of said
bonds and the interest thereon by a general tax levy
against all of the taxable property within the corporate
limits of said City, to provide for the manner of expendi-
ture of the proceeds of said bonds, and to provide for the
submission of this Act to the qualified voters of the City of
Hyattsville for adoption or rejection by a referendum
thereon.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and City Council of Hyattsville, a
municipal corporation in Prince George's County, Maryland,
be and it is hereby authorized and empowered to issue general
obligation bonds of said City of Hyattsville in an amount
not exceeding One Hundred Thousand Dollars (f 100, 000. 00)
to be issued and sold, in whole or in part, at such time or
times as said Mayor and City Council shall determine. Said
bonds shall bear interest at a rate not exceeding four per
cent (4%) per annum payable semi-annually, shall mature
serially over a period of ten (10) years from the date of
issue, the amount of maturities each year to be fixed by said
Mayor and City Council. Said bonds shall be the general
obligations of the City of Hyattsville, exempt from State,
County and Municipal taxation within the State of Maryland,
and shall be in such form as may be adopted or prescribed
by said Mayor and City Council. The said Mayor and City
Council of Hyattsville shall levy annually at the time taxes
are levied for general City purposes, a tax upon all of the
property assessed for City tax purposes within the corporate
limits of the City of Hyattsville in an amount sufficient to
pay the principal and interest on said bonds when due so
long as any of them shall be outstanding. The Mayor and
City Council of Hyattsville shall offer said bonds, or any
issue thereof, for sale to the highest bidder, and sealed bids
for the same shall be delivered at a place and time mentioned
and described in one or more advertisements inserted in at
least two newspapers of general circulation in Prince George's
County. The Mayor and City Council of Hyattsville may
adopt such rules and regulations relating to said bonds and
the offering thereof as they deem advisable.
SEC. 2. And be it further enacted, That the proceeds
realized from the sale of said bonds shall be expended for the
purpose of constructing a fire engine house within the corpor-
ate limits of the City of Hyattsville at a location determined
by said Mayor and City Council, including necessary archi-
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