WM. PRESTON LANE, JR., GOVERNOR. 593

for street improvements and to execute promissory notes
therefor.

SECTION 1. Be it enacted 'by the General Assembly of Maryland,
That a new section be and it is hereby added to Article 11
of the Code of Public Local Laws of Maryland (1930
Edition), title "Frederick County, " sub-title "Burkitts-
ville, " said new section to be known as Section 66A, to
follow immediately after Section 66 of said Article, as
said Section 66 was enacted by Chapter 143 of the Acts
of 1941, and to read as follows:

66A. (a). The Burgess and Commissioners of Burkitts-
ville, a municipal corporation, is hereby authorized and
empowered to borrow from time to time upon the faith
and credit of said municipal corporation, a sum of money
not exceeding five per cent (5%) of the assessed valuation
of property subject to municipal taxation and to execute
the promissory notes of said municipal corporation, the
Burgess and Commissioners of Burkittsville, for the
amount or amounts so borrowed. The note or notes shall
be drawn in such amount or amounts and for such period
or periods as the Burgess and Commissioners in its discre-
tion shall determine, but the total amount of all such notes
outstanding shall at no time exceed 5% of the assessed
valuation of property in said town. The Burgess and Com-
missioners shall have the power to renew any promissory
note or notes issued under the authority of this section,
but no such promissory note or notes, together with the
renewal or renewals thereof shall be for a longer period
than ten years.

(b). The Burgess and Commissioners shall levy a tax
sufficient to pay the interest of any promissory note or
notes executed under authority of this section and to pay
a part or all of the principal of said note or notes, as shall
be determined in the discretion of the said Burgess and
Commissioners.

(c). The Burgess and Commissioners shall have the
authority and power to borrow on the faith and credit of
the said municipal corporation of Burkittsville a sum of
money not exceeding fifteen per cent (15%) of the assessed
valuation of property subject to municipal taxation if
such borrowing be authorized by ordinance approved by
a majority of the qualified voters of said municipal corpo-
ration voting thereon at a regular municipal election or
at a special election called by the said Burgess and
Commissioners.