1928 LAWS OF MARYLAND [CH. 658

CHAPTER 658

(House Bill 722)

AN ACT empowering the Mayor and Aldermen of the City of
Annapolis to borrow on its full faith and credit at any time,
or from time to time, an aggregate amount not to exceed
Three Hundred Thousand Dollars ($300, 000. 00), for the
opening, extension, laying down, widening, improving and
construction of roads and streets in the City of Annapolis,
and to evidence such borrowing by its general obligation
serial maturity coupon bonds; exempting the bonds so issued
from any referendum requirement or from any provisions
of the Charter of the City of Annapolis fixing a • limitation
upon the taxing power of the City; empowering the City to
fix and determine by ordinance the form, tenor, interest
rate, not to exceed four per centum (4%) per annum, or
method of arriving at the same, method and manner of
selling, terms, including registration and/or redemption
provisions, conditions, maturities, and other details inci-
dent or necessary to the issuance, sale, delivery and pay-
ment of said bonds, exempting the bonds so issued and
the interest thereon from State, County and Municipal
taxation in the State of Maryland, and empowering the
City of Annapolis to levy unlimited ad valorem taxes for
the payment of the principal of and interest on any of said
bonds; AND PROVIDING THAT NO PART OF SUCH
MONEY SHALL BE SPENT UNTIL THE MAYOR AND
ALDERMEN OF THE CITY OF ANNAPOLIS HAVE
CONCLUDED AN AGREEMENT WITH THE STATE
ROADS COMMISSION OF MARYLAND THAT ON ANY
CONSTRUCTION OR RECONSTRUCTION WORK ON
ANY ROADS OR HIGHWAYS WHICH ENTER THE
CITY OF ANNAPOLIS, THE SAID STATE ROADS COM-
MISSION SHALL CONSTRUCT OR RECONSTRUCT
THE SAME TO THE CORPORATE BOUNDARY OF THE
CITY OF ANNAPOLIS AS IT EXISTED ON JANUARY
1, 1949.

WHEREAS, the new highway and bridge connecting the
Chesapeake Bay Bridge and the Ritchie Highway with the
City of Annapolis is to be laid out so as to by-pass the City
of Annapolis, so that when the State constructs proper ap-

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EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.