THEODORE R. MCKELDIN, GOVERNOR 605

County", sub-title "Takoma Park", be and they are hereby re-
pealed and re-enacted, with amendments, to read as follows:

1193.

(G) The Council shall have authority to incur indebtedness
in an amount not exceeding three per cent, of the assessed
value of all property within the corporate limits of the City,
[in excess of the annual revenue of the city, ] and shall, when-
ever any such debt is created, provide for the payment thereof
by the issuing of certificates of indebtedness [at] bearing
such rate of interest as the Council may deem advisable, which
certificates shall be payable within twenty years, in the dis-
cretion of [said] the Council; provided, however, that no such
debt shall be incurred and no such certificates shall be issued
except as follows: The Council shall, by ordinance passed by
yeas and nays, specify the particular purpose or purposes for
which the indebtedness is to be created, the amount, the rate
of interest and the manner of payment; [they shall then
provide in said ordinance] the said ordinance shall provide
for submitting the question of the creation of such debt to
the [resident taxpayers] registered voters of the city at a
special municipal election to be called by the Council for that
purpose, notice of which election shall be published in some
newspaper of general circulation [therein] in the City of
Takoma Park once a week for two weeks next preceding such
election; the notice and publication shall recite the ordinance
and describe the indebtedness to be created. The ballots
[shall be printed] or voting machines shall provide for a vote
for or against the debt, by the use of the printed words "For
the Debt" and "Against the Debt". If [two-thirds of the
resident taxpayers of the city, so] three-fifths or more of the
registered voters voting at such election, shall vote in favor of
the debt, and not otherwise, the Council may incur such debt
and issue [the amount] certificates of indebtedness up to the
amount so specified, [provided, however, that the payment of
dog tax shall not constitute any person a taxpayer within
the intent of this section; and provided further, that a resi-
dent of three months in said city shall be necessary to qualify
a taxpayer to vote under the provisions of this section. ]

(H) The Council may issue certificates of indebtedness,
bearing interest not to exceed in amount the annual revenue
(H) THE COUNCIL MAY ISSUE INTEREST-BEARING
CERTIFICATES OF INDEBTEDNESS, NOT TO EXCEED
IN AMOUNT THE ANNUAL REVENUE of the city, less the
amount of all sinking funds previously provided for, said cer-
tificates and interest to be paid only from such revenue and
within one year from the date of their issue; and such cer-