THEODORE R. MCKELDIN, GOVERNOR 1235

gate at any time or times the sum of Twenty-five Thou-
sand Dollars ($25, 000. 00) for the (purpose of paying the
general operating expenses or small capital improvements
of the Town or any of its departments, and to pledge the
faith and credit of the Town therefor, subject only to the
provisions of this section.

(b) Any sum or sums of money so borrowed by the
authority of this section tog ether with the interest thereon,
shall be repaid, if available, from the taxes levied, col-
lected or due for the current year during which such sum
or sums were borrowed, and/or from any other income be-
longing to the general funds of the Town or any of its
departments (if the money so borrowed was expended by
or for the benefit of any such department). If all such
moneys shall not be sufficient to pay such sum or sums of
money so borrowed, together with all interest due thereon,
the Town Commissioners are authorized to levy a special
tax against all the assessable property in the Town suffi-
cient to repay such sum or sums of money, together with
all interest due thereon, to be collected with the other taxes
levied for the following year or years (but not longer
than five years).

100. (Bond Issues) (a) In addition to the other forms
of borrowing power provided by this sub-title, the Town
Commissioners shall have the power to borrow by way
of the issue of bonds, subject only to the provisions of this
section unless otherwise specified.

(b) The Town Commissioners shall have the power to
borrow from time to time, pledging the faith and credit
of the Town therefor, such sums of money as they may
deem necessary for the general corporate purposes of the
Town or any of its departments, and to sell and issue
bonds for such indebtedness in the manner set forth and
subject to the limitations in Article 31, Sections 32, 33
and 34 of the Annotated Code of Maryland and all amend-
ments thereto.

(c) Before any such loan is made pursuant to this
section, the Town Commissioners shall pass an ordinance
authorizing such loan, stating its purpose, and setting
forth in detail the terms and conditions thereof, which
ordinance shall be published once a week for at least two
weeks in a newspaper published in the Town (or having
a general circulation in the Town if there be no news-
paper published in the Town).

(d) No such loan shall be made pursuant to this section
unless the question has been submitted to the qualified