80 LAWS OF MARYLAND. [CH. 73

same, to use the proceeds thereof for the purpose of
purchasing and installing additional fire fighting equip-
ment and apparatus, including a fire engine and other
necessary equipment in the City of Salisbury, to levy
upon all assessable property in the City of Salisbury
and collect taxes thereon in an amount sufficient to pay
the principal and interest on said note, notes or other
evidence of indebtedness and exempting this Act and
the note or notes or other evidences of indebtedness
issued thereunder from the provisions of Sections 33-36,
inclusive, of Article 31 of the Annotated Code of Mary-
land (1939 Edition), and Section 302 of Article 23 of
the Code of Public Local Laws of Maryland (1930
Edition), as said section was enacted by Chapter 353 of
the Acts of the General Assembly of Maryland (Regular
Session of 1933).

SECTION 1. Be it enacted by the General Assembly of Maryland,
That for the purpose of providing funds for the purchase
and installation of additional fire fighting equipment and
apparatus, including a fire engine and other necessary
equipment for the City of Salisbury, The Mayor and
Council of Salisbury be, and it is hereby authorized and
empowered to borrow from time to time a sum or sums
of money not exceeding in the aggregate Twenty-five
Thousand Dollars ($25, 000. 00) upon the faith and credit
of the City of Salisbury and to issue and sell its note, notes
or other evidence of indebtedness therefor.

SEC. 2. And be it further enacted, That the said note,
notes or other evidence of indebtedness issued from time
to time under this Act shall be in such denominations and
amounts as shall be determined by The Mayor and Council
of Salisbury by resolution, shall bear interest at a rate
not exceeding three per centum (3%) per annum, payable
semi-annually, shall mature severally in amounts deter-
mined by The Mayor and Council of Salisbury by resolu-
tion in not exceeding ten (10) years from the date of
issue, and shall be forever exempt from State, County and
Municipal taxes of every kind whatsoever in the State of
Maryland. Said note, notes or other evidence of indebted-
ness shall be signed by the Mayor of Salisbury or the
President of the Council of Salisbury, with the seal of the
City attached thereto, attested by the Clerk of Salisbury.
Said note, notes or other evidence of indebtedness, when
signed and attested as heretofore directed shall be deliv-
ered to the Clerk of Salisbury and the bond of said Clerk
of Salisbury shall be responsible for the safekeeping of
same and the proceeds thereof. The Clerk of Salisbury