1648 LAWS OF MARYLAND [CH. 723

B. All bonds or evidence of indebtedness shall be ap-
proved by the Council by ordinance before being issued
and shall bear such interest and mature or become due at
such times as the Council may determine.

C. The Mayor and Council shall, by ordinance, provide
for the issuance, terms of sale, sale price, and manner of
sale of any bonds or evidence of indebtedness of the city.
The Council may regulate the issuance and sale of bonds or
any evidence of indebtedness of the city in any manner
not contrary to the provisions of this charter.

D. During the first six months of any fiscal year the city
shall have power in anticipation of the collection of the
property tax levied for that fiscal year, and to issue tax
anticipation notes or other evidence of indebtedness as evi-
dence of such borrowing. Such tax anticipation notes shall
be a first lien upon the proceeds of such tax and shall ma-
ture and be paid not later than six months after the be-
ginning of the fiscal year in which they were issued. No
tax anticipation notes or other evidence of indebtedness
shall be issued for a greater amount than $10, 000. 00. All
tax anticipation notes or other evidence of indebtedness
shall be authorized by ordinance before being issued. The
Council shall have the power to regulate all matters con-
cerning the issuance, sale and payment of tax anticipation
notes or other evidence of indebtedness not contrary to the
charter.

Purchases and Contracts:

341-52. All purchases and contracts for the town govern-
ment shall be made by the town Clerk-Treasurer according
to ordinances specifically providing for the rules and regu-
lations regarding competitive bids and contracts for all city
purchases and contracts. All expenditures for supplies,
materials, equipment, construction of public improvement,
or contractual services involving more than One Hundred
Dollars ($100. 00) shall be made on written contract. The
Clerk-Treasurer shall be required to advertise for sealed
bids, in such manner as may be prescribed by ordinance,
for all such written contracts. Such written contracts shall
be awarded to the bidder who offers the lowest bid, quality
of goods and work, time of delivery or completion and re-
sponsibility of bidders being considered. All such written
contracts shall be approved by the Council before becoming
effective. The Council shall have the right to reject all bids
and readvertise. The city at any time in its discretion may
employ its own forces for the construction or reconstruc-