THEODORE R. MCKELDIN, GOVERNOR 293

Council of Easton; and no part of the money arising from
the sale of said bonds shall be used for any other purposes
than those designated and provided for in this Act, except
that any accrued interest shall be set aside for the payment
of the first maturing coupons, and that the cost of the en-
graving or printing of said bonds, advertising costs, legal
fees, and any other expenses incidental to the issuance and
sale of said bonds may be paid out of said proceeds.

SEC. 3. And be it further enacted, That for the purpose
of paying the principal and interest of said bonds as they
respectively mature and become payable, the Mayor and
Council of Easton shall levy annually upon all the assess-
able property in the Town of Easton a tax, the amount of
which, together with any special assessment taxes, electric
system income and other income, shall be sufficient to pay
the interest on all of said bonds outstanding from time
to time and to pay the principal of said bonds as they ma-
ture, said taxes to be collected as other taxes levied in said
Town are collected. Said taxes shall be in addition to all
other taxes authorized by law and shall not be subject to
any existing limitations upon the taxing power of the Mayor
and Council of Easton and are expressly exempted from the
provisions of Sections 169, 203, 204 and 206 of Article 21
of the Code of Public Local Laws of Maryland.

SEC. 4. And be it further enacted, That the bonds issued
under the authority of this Act and the interest thereon
shall be exempt from State, County or Municipal taxation
in the State of Maryland.

SEC. 5. And be it further enacted, That this Act shall
take effect June 1, 1953.

Approved March 27, 1953.

CHAPTER 145
(House Bill 447)

AN ACT to repeal and re-enact, with amendments, Section
110-14 of the Montgomery County Code (1950 Edition),

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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.