1574 LAWS OF MARYLAND [CH. 699

Taxing Area and District", SAID SECTIONS HAVING
BEEN ENACTED BY CHAPTER 169 OF THE ACTS
OF 1949, said re-enacted sections to provide for an
increase in the limits of the borrowing power of the
said Cresaptown Special Taxing Area or District and
further to provide for a decrease in the amount of bond
required to be furnished by the treasurer of said Cresap-
town Special Taxing Area or District.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 124K 124D of Article 1 of the Code
of Public Local Laws of Maryland (1930 Edition), title
"Allegany County", to be under sub-title "Cresaptown
Special Taxing Area or District", SAID SECTION HAV-
ING BEEN ENACTED BY CHAPTER 169 OF THE
ACTS OF 1949, be and it is hereby repealed and re-enacted,
with amendments, and that Section 124R of said Article,
SAID SECTION HAVING BEEN ENACTED BY CHAP-
TER 169 OF THE ACTS OF 1949, be and it is hereby re-
pealed and re-enacted, with amendments, and all to read
as follows:

124D The said Association shall have the continuing
power to borrow a sum or sums of money not to exceed
[Ten] Twenty-five Thousand Dollars at any one time and
to execute promissory notes therefor, payable at some
future definite time or payable by installments, and the
said Association be and it is hereby authorized and em-
powered to repay said loans out of any money lawfully
coming into its possession and not specifically marked for
a special fund or funds.

124R The Treasurer of said Association shall deposit all
funds coming into his possession as said Treasurer in such
bank as may be approved by said Association and shall not
be paid out except by check duly signed by the said Treas-
urer and countersigned by the Chairman or by some mem-
ber of said Association acting as Chairman, and so au-
thorized to act by resolution by said Association, which
must first be spread upon the minutes of said Association,
and the said Treasurer shall give bond with corporate
security to insure his faithful performance of such duties in
the sum of [Ten Thousand Dollars ($10, 000. 00), ] One
Thousand Dollars ($1, 000. 00), the premium of which bond
shall be paid by the Association.

SEC. 2. And be it further enacted, That all Acts and
parts of Acts inconsistent with the provisions of this Act
be and they are hereby repealed.