THEODORE R. MCKELDIN, GOVERNOR 959

20 of the Code of Public Local Laws of Maryland (1930
Edition), title "Somerset County", sub-title "Princess
Anne", sub-paragraph "Water", said sections having been
enacted by Chapter 444 of the Acts of 1931, be and the
same are hereby repealed and re-enacted, with amendments,
to read as follows:

336A. The President and Commissioners of Princess
Anne be and they are hereby authorized to borrow from
time to time upon the faith and credit of said municipal
corporation, sums not to exceed Five Thousand Dollars [at
any one time, ] at a rate of interest not exceeding 6 per
cent per annum, and to execute the promissory note or notes
of the said President and Commissioners of Princess Anne,
for any amount so borrowed, to be signed by the President
of said corporation and countersigned by the clerk, to ma-
ture not later than [ten] five years from the date of the
execution of said notes, but said money shall be borrowed
and said notes shall be issued only in the manner and for
the purposes in this Act provided, [and subject to the
referendum hereinafter provided. ]

336B. At the time of issuing any promissory note or
notes as provided by Section 336A of this sub-title, the
President and Commissioners of Princess Anne shall make
provision for the payment and liquidation of said notes
and interest either from the current tax receipts of said
town or from the water rents or other sources of revenue
available to said President and Commissioners of Princess
Anne, [and the money borrowed on said note or notes shall
be used solely for the repair, extension or improvement of
the water supply and distributing systems or sewerage and
drainage systems in said town. ]

SEC. 2. And be it further enacted, That this Act shall
take effect June 1, 1953.

Approved April 11, 1953.

CHAPTER 505
(House Bill 428)

AN ACT to repeal and re-enact, with amendments, Sub-
section (a) of Section 13 of Article 52 of the Annotated

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.