436 LAWS OF MARYLAND [CH. 171

of Easton, coupon bonds in an amount or amounts not
exceeding in the aggregate SEVEN HUNDRED AND
FIFTY THOUSAND ($750, 000. 00) DOLLARS, in order
to obtain funds for the purpose of providing material and
labor for the construction, improvement, extension, replace-
ment and repair of sanitary sewers, sewers, sewage disposal
plants and water system of the Town of Easton. Said
bonds shall be designated "EASTON, MARYLAND,
SEWER AND WATER SYSTEM IMPROVEMENT
BONDS OF 1951", and shall be in such denominations,
and in such form, periods of maturity not exceeding forty
(40) years, as The Mayor and Council of Easton may deem
advisable, with coupons attached thereto for the payment
of interest thereon semi-annually until maturity. Said
bonds shall be signed by the Mayor of Easton and counter-
signed by the Town Clerk thereof, with the seal of said
Town affixed thereto; and the coupons shall be signed
by the facsimile signature of the Mayor of Easton, printed,
engraved or lithographed thereon. Within the limita-
tions hereinbefore set forth, the said The Mayor and Coun-
cil of Easton shall determine by ordinance the rate or
or rates of interest to be paid on the bonds, or the method
of determining same, the maturities, the form of the
bonds, the medium of payment, and the place or places at
which the principal and interest shall be payable. The
bonds may be made registerable as to principal only under
such terms and conditions as may be determined by The
Mayor and Council of Easton. In case any of the Officers
whose signatures appear on the bonds and coupons shall
cease to be such Officers before the delivery of such bonds,
such signatures shall nevertheless be valid and sufficient
for all purposes, as if they had remained in Office until
such delivery.

SEC. 2. And be it further enacted, That the Mayor and
Council of Easton shall offer said bonds for sale in all
respects subject to the provisions of Sections 34 to 36
inclusive of Article 31 of the Annotated Code of Mary-
land, as amended, but shall have the privilege of additional
advertising than that provided for in said sections, and
no bid shall be accepted at less than par and accrued in-
terest. The entire issue of bonds may be offered at one
time, or they may be offered in varying amounts at dif-
ferent intervals, as may appear most advantageous to
The Mayor and Council of Easton; and no part of the
money arising from the sale of said bonds shall be used
for any other purposes than those designated and provided
for in this Act, except that any accrued interest shall be