THEODORE R. MCKELDIN, GOVERNOR 169

with a memorandum thereon of the date of mailing, de-
livering, or posting on the property, as the case may be, and
such bill, and such memorandum shall be prima facie evi-
dence of such mailing, delivering, or posting.

784. Sale of Tax Delinquent Property. A list of all
property on which the town taxes have not been paid and
are in arrears as provided in this sub-title shall be fur-
nished to the official of Frederick County responsible for
the sale of tax delinquent property by the treasurer and
collector of taxes as provided by law. All property listed
thereon shall be sold by such Frederick County official in
the manner prescribed by law.

785. Public Debt. The Town of Thurmont shall have
the power to borrow on the faith and credit of the town
from time to time as may be deemed necessary for the gen-
eral welfare of the town and its general corporate purposes.
The town may issue and sell bonds for such indebtedness in
accordance with the provisions of this sub-title or with
state law.

785A. Procedure. Except as otherwise specified under
the provisions of this act:

(a) The total amount of bonds issued under the authority
of this act, when added to bonds outstanding less the
amounts in any sinking funds for the redemption of bonds
outstanding, shall not exceed eight per cent (8%) of the
total assessed value of all taxable property in the town.

(b) All proposed bond issues issued under the provisions
of this Act shall be approved by the Board of Commission-
ers, and by a majority of the qualified voters of the town,
VOTING THEREON, by referendum at a special or regu-
lar town election.

(c) Bonds may be either coupon or registered bonds.
From the effective date of this^ Act all bonds shall be issued
in serial form. They shall be issued in such denominations,
at such rates of interest, and for such a period of time as
the Board of Commissioners may decide.

(d) All bonds shall be signed by the mayor and attested
by the treasurer and collector of taxes, and the seal of the
town shall be attached thereto.

(e) When signed and attested, the bonds shall be de-
livered to the treasurer and collector of taxes, who shall be
responsible for their safekeeping until sold.

(f) The Board of Commissioners shall sell bonds by
sealed bids after giving notice once in each week for two