570 LAWS OP MARYLAND [CH. 228

its faith and credit a sum or sums of money not exceed-
ing Three Hundred and Fifty Thousand Dollars ($350, -
000. ), in the aggregate, and to evidence said borrowing
by the issuance to the lender or lenders of its general
obligation serial maturity coupon bonds in like par
amount and, for the purpose of paying the principal
and interest of said bonds, to use funds from the licens-
ing of amusement devices in the county, to levy ad
valorem taxes without limitation as to rate or amount
on all assessable property in said municipality, and to
impose water and sewer rents and front-foot benefit
assessments and make the same a lien on the property
served; and to use the money so borrow for the purpose
of constructing a water and sewerage system for said
municipality, including sewerage disposal plant; and to
repeal Chapter 544 of the Acts of 1947.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That the town of North Beach, Calvert County (a munic-
ipal corporation of the State of Maryland, hereinafter
referred to as the "Town") is hereby authorized and em-
powered, at one time or from time to time, to borrow a
sum or sums of money not exceeding Three Hundred and
Fifty Thousand Dollars ($350, 000. ), in the aggregate, and
to evidence said borrowing by the issuance of its general
obligation serial maturity coupon bonds, this authority
being granted to said Town in order to enable it to finance
the construction of a water and sewerage system for said
Town, including a sewerage disposal plant, the particular
purpose or purposes to be determined by the Mayor and
Council of said Town. The purposes above outlined for
which said sums so borrowed shall be expended are here-
inafter referred to as the improvements, and include in
addition to the foregoing, expenditures for any necessary
land and rights-of-way for water mains and sewers, and
a sewerage disposal plant, and all necessary engineering
surveys, plans, drawings and specifications needed to en-
able the Town to make said improvements or to contract
therefor. The necessary costs incident to the issuance of
the bonds hereby authorized shall likewise be treated as a
part of the cost of said improvements.

SEC. 2. And be it further enacted, That said bonds,
and the coupons attached thereto, shall be in such form
and denominations and shall be sold, executed and deliv-
ered in such manner as the Town may from time to time
decide, such decision, however, to be made with respect
to each particular group of bonds sold, prior to the deliv-
ery thereof, by one or more legally adopted ordinances.