, THEODORE R. MCKELDIN, GOVERNOR 143

SEC. 2. And be it further enacted, That this Act is
hereby declared to be an emergency measure and neces-
sary for the immediate preservation of the public health
and safety and having been passed by a yea and nay vote,
supported by three-fifths of all the members elected to each
of the two Houses of the General Assembly of Maryland,
the same shall take effect from the date of its passage.

Approved March 9, 1953.

CHAPTER 72
(House Bill 327)

AN ACT to authorize the Mayor and City Council of
Cumberland, Maryland, to issue and sell coupon bonds
in the amount of Three Hundred and Fifty Thousand
Dollars ($350, 000. 00), and to provide for the payment
of the interest thereon and the payment of the principal
thereof at maturity, to be known as "Cumberland Urban
Development Bonds of 1953", and to provide for the
use. of the proceeds of said bonds for grading, widen-
ing, paying, repaying and sidewalking of streets and
public highways, and to repeal all Acts or parts of Acts
inconsistent with the provisions of this Act.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and City Council of Cumber-
land be and is hereby authorized and empowered to issue
bonds in the amount of Three Hundred and Fifty Thous-
and Dollars ($350, 000. 00), payable serially in such
amounts annually as the said Mayor and City Council
shall by ordinance determine, and to sell the same in whole
or in parts and to apply the proceeds thereof as herein-
after provided; said bonds to be of the denomination of
One Thousand Dollars ($1, 000. 00) each, and shall be
exempt from City, County and State taxes and shall bear
interest at the rate of not more than four per cent (4%)
per annum payable semi-annually, and for which proper
interest coupons are to be attached to said bonds; said
bonds shall be signed by the Mayor of the City of Cumber-

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EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.