668 LAWS OF MARYLAND. [CH. 269

Thousand Dollars ($30, 000. 00) and to issue bonds for
the same and to use the proceeds thereof for the pur-
pose of acquiring and constructing a sanitary sewerage
system and sewage treatment disposal plant and the
lands, improvements and rights necessary therefor and
all expenses incidental thereto, to levy upon all assess-
able property in the town of Betterton and collect taxes
thereon in an amount sufficient to pay the principal
and interest on said bonds, to authorize and provide for
the acquisition, construction, operation and maintenance
of said sewer system and disposal plant and the lands,
improvements and rights necessary therefor, to provide
for the maintenance and operation of said sewer system
and disposal plant, exempting this Act and the bonds
issued thereunder from the provisions of Sections 33-36,
inclusive, of Article 31 of the Annotated Code of Mary-
land (1939 Edition and 1947 Supplement), and author-
izing the Commissioners of Betterton to levy, impose
and collect special assessment taxes and/or sewer rentals
on property directly benefited or using said sewer
system.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That for the purpose of providing funds for the acquisi-
tion, construction, design and establishment of a sanitary
sewerage system and sewage treatment disposal plant,
lands, improvements, and other property necessary there-
for, and all other expenses incidental thereto, either within
or outside the corporate limits of the town of Betterton,
the Commissioners of Betterton are hereby authorized and
empowered to borrow from time to time a sum or sums
of money not exceeding in the aggregate Thirty Thousand
Dollars ($30, 000. 00), upon the faith and credit of the
town of Betterton, and to issue and sell serial bonds
therefor, which said bonds shall be known as "Betterton
Sewer Bonds".

SEC. 2. And be it further enacted, That the said bonds
to be issued from time to time under this Act shall be
either registered or coupon bonds, issued in such denomi-
nations and at such rate of interest, payable semi-annually,
as shall be determined by the Commissioners of Betterton
by ordinance, that said bonds shall all be serial type bonds,
and shall all mature in not exceeding forty (40) years
from the date of issue, and shall be forever exempt from
State, County and Municipal taxation. Said bonds shall
be signed by the President of the Commissioners, with
the seal of the town attached thereto, attested by the
Clerk of Betterton, and if coupon bonds, the coupons there-