WM. PRESTON LANE, JR., GOVERNOR. 1377

or will be issued, to improve, sustain or enlarge said ceme-
tery.

(3) To pay for all capital improvements to said cemetery
incurred during such. year.

(4) To retain any balance for the enlargement, improve-
ment or betterment of said cemetery.

111. (Perpetual Care. ) All funds received in the nature
of perpetual care for lots in said cemetery shall be invested
in Bonds of the United States, the State of Maryland or any
of its political sub-divisions, and the yearly interest from the
same only shall be expended for the operation of said cemetery.

PUBLIC DEBT

113. (Borrowing Power. ) (a) The Town Commissioners
shall have, and is hereby given, express power and authority
to borrow from time to time, if and as needed, for the purpose
of paying the current operating expenses of the Town, includ-
ing any of its departments, such sum or sums of money as
may be necessary for such purposes, and to pledge the faith
and credit of the Town therefor, subject only to the provisions
of this section unless otherwise specified.

(b) Such sum or sums of money authorized to be borrowed
by this section shall at no time exceed in the aggregate the
sum of Twenty-five Thousand Dollars ($25, 000. 00).

(c) Any sum or sums of money so borrowed by the authority
of this section together with the interest thereon, shall be re-
paid from the taxes levied, collected or due for the current
year during which such sum or sums were borrowed, and/or
from any other income of the Town which may be paid into
the General Funds of the Town in such year. If all such
monies shall not be sufficient to pay such sum or sums of
money so borrowed, together with all interest due thereon,
the Town Commissioners are authorized and directed to levy
a tax against all the assessable property in the Town suffi-
cient to pay such sum or sums of money, together with all
interest due thereon, to be collected with the taxes for the
following year.

114. (Bond Issues. ) (a) In addition to the other forms of
borrowing power provided by this sub-title, the Town Com-
missioners shall have the power to borrow by way of the
issue of bonds, subject only to the provisions of this section
unless otherwise specified.

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