622 LAWS OP MARYLAND [CH. 247

municipality, to authorize use of the money so borrowed for
the public purposes herein enumerated, and to repeal Chap-
ter 28 of the Acts of the General Assembly of Maryland,
passed at its February Session in the year 1950.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That in order to enable the Commissioners of Cambridge
(hereinafter referred to as the City), to undertake all, some or
any of the public improvements listed in Section 2 of this Act,
the said City is hereby authorized and empowered, at one time
or from time to time, to borrow a sum or sums of money not
exceeding Three Hundred Thousand Dollars ($300, 000. 00),
upon the terms and conditions and subject to the limitations
set forth in Section 3 of this Act, and to evidence said borrow-
ing by the issuance to the lender or lenders of its general obli-
gation, serial maturity coupon bonds, in like par amount.

SEC. 2. And be it further enacted, That the City, by action
of its Commissioners, shall have full and complete authority
and power to expend the proceeds realized from the sale of all
or any of said bonds upon any capital improvement of the
City, either within or outside its corporate limits, which it is
now maintaining and operating by authority of law or which
it has legal authority to construct, maintain and operate, and
to allocate said proceeds among said capital improvements
and to change such allocations as conditions or actual expendi-
tures may dictate, provided, however, that unless the National
NATIONAL Defense Program, or the shortages or costs of
labor and materials occasioned thereby, shall, in the judgment
of the Commissioners, require the indefinite postponement of
any of the following projects, at least Seventy-five Thousand
($75, 000. 00) Dollars of said bond proceeds shall be allocated
to the repair and damage to bulkhead at Municipal Park and
not more than One Hundred and Twenty-five Thousand Dol-
lars ($125, 000. 00) of said bond proceeds shall be allocated to
the extension of Cedar Street across Cambridge Harbor at
Sunburst Highway, which two projects shall be given priority
in the city's capital improvement program and the balance of
said proceeds shall be allocated among the following projects
in such proportion and amounts as the Commissioners of the
city shall from time to time determine:

(a) To grade, pave, curb and gutter new or existing streets
and sidewalks;

(b) To repair, extend, enlarge and improve municipal sewer-
age system;

(c) To replace municipal fire protection equipment;