THEODORE R. MCKELDIN, GOVERNOR 1929

proaches from said by-pass to the City of Annapolis, the City
will be obliged, at its own expense, to provide for the laying
out, extension and improvement of streets, roads and high-
ways leading to and connecting with such approaches within
the limits of said City; and

WHEREAS, it is deemed necessary and in the public interest
that said City be authorized to borrow money for the foregoing
purposes and to issue its bonds therefor; now, therefore

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Aldermen of the City of Annapolis
(hereinafter referred to as the "City") is hereby authorized
and empowered to borrow on its full faith and credit at any
time, and from time to time, an amount or amounts, in addi-
tion to any existing and outstanding indebtedness of said
City, not exceeding in the aggregate the sum of Three Hun-
dred Thousand Dollars ($300, 000. 00) for the opening, exten-
sion, laying down, widening, improving and construction of
roads and streets in the City of Annapolis, and to evidence
such borrowing by its serial maturity general obligation cou-
pon bonds issued upon the full faith and credit of the City.

SEC. 2. And be it further enacted, That said bonds may be
issued at such times and for such amounts, within the limita-
tions above set forth, as may be fixed by one or more ordi-
nances of the City, and, notwithstanding any other law to the
contrary, no referendum of, or approval by, the qualified
voters of the City on the issuance of said bonds or the in-
curring of indebtedness for the purposes above set forth shall
be required as a condition precedent to the passage of any
such ordinance, or to the borrowing of said money and the
issuance of any such bonds. The City may fix by ordinance
the form and tenor of any such bonds, the rate or rates of
interest payable thereon, not exceeding four per centum (4%)
per annum, which may vary in different issues, or the method
of arriving at the same, the date or dates upon which said
bonds shall mature and be payable, provided they shall mature
in annual serial instalments over periods not exceeding
twenty-five (25) years from their date or dates of issue, the
method and manner of the sale of said bonds, and generally
all matters incident or necessary to the issuance, sale, delivery
and payment thereof. Each such ordinance shall determine
the form of the bonds issued thereunder and the manner of
their execution, shall fix the denomination and the place of
payment of the principal and interest thereon. In case any
officer whose signature shall appear on any such bonds, or on
the coupons attached thereto, shall cease to be such officer
before their delivery, such signature shall, nevertheless, be