728 LAWS OF MARYLAND [CH. 393

SEC. 5. AND BE IT FURTHER ENACTED, THAT
THIS ACT SHALL TAKE EFFECT JUNE 1, 1953.

Approved April 6, 1953.

CHAPTER 393
(House Bill 749)

AN ACT to authorize and empower the Mayor and City
Council of Laurel, Prince George's County, to borrow an
amount not to exceed One Hundred and Fifty Thousand
Dollars ($150,000.00), the proceeds to be used for the
purchase of a site, and the erection, construction and
equipment thereon of an incinerator plant, and providing
for the levy of taxes on all property subject to taxation
in the Town of Laurel to pay the principal and interest
of such indebtedness; and providing for a referendum
thereon.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and City Council of Laurel,
Prince George's County, be and it is hereby authorized and
empowered to borrow on the full faith and credit of said
Town an amount not to exceed One Hundred and Fifty
Thousand Dollars ($150,000.00), and to issue its bonds
therefor, the proceeds to be used for the purpose of pur-
chasing a site, and erecting, constructing and equipping
thereon an incinerator plant, within or without the town
limits of Laurel, and for the payment of all incidental costs
in connection therewith, the said amount so borrowed to be
used for no other purposes whatsoever.

SEC. 2. And be it further enacted, That the bonds hereby
authorized may be sold at one time, or from time to time,
and the Mayor and City Council of Laurel shall by proper
ordinance or resolution fix the maturity or maturities of any
such bonds, provided that no bonds so issued shall mature
later than thirty years from the date of their issue; such
ordinance or resolution may fix the interest rate or rates
on said bonds, or the manner of determining the same, the

——————

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.