THEODORE R. McKELDIN, GOVERNOR                   243

Edition), being Article 17 of the Code of Public Local Laws of
Maryland, title "Prince George's County", sub-title "Glenarden",
regulating the maximum of debt which may be incurred by the
Mayor and Common Council of Glenarden, a municipal corporation
of Prince George's County.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Section 717 of the Code of Public Local Laws of Prince George's
County (1953 Edition), being Article 17 of the Code of Public Local
Laws of Maryland, title "Prince George's County", sub-title "Glen-
arden", be and it is hereby repealed and re-enacted, with amendments,
to read as follows:

717. for the purpose of constructing, improving, and maintaining
roads, alleys, curbs, sidewalks, and gutters, and any other physical
structures designed for the public use of the residents of Glenarden,
the Mayor and Common Council thereof are hereby authorized and
empowered to borrow from time to time, on the credit of the town
and with such security as they deem appropriate, any amount up to
[five thousand dollars ($5,000)] seven per centum (7%) of the
assessed valuation of real and personal property within the town; and
to issue bonds, notes or certificates of indebtedness therefor, on such
terms and with such securities as they may deem appropriate. The
total amount of any such obligations issued and outstanding under
the authority granted in this section shall at no time exceed [five
thousand dollars ($5,000)] seven per centum (7%) of the assessed
valuation of real and personal property within the town, in the
aggregate. The funds derived from the sale of said bonds, notes or
certificates of indebtedness shall be deposited by the Mayor and Com-
mon Council in some safe banking institution, to be chosen by them,
and may be withdrawn therefrom only for the purposes specified in
this section and according to the procedure for the expenditure of the
general funds of said town of Glenarden. Any monies borrowed under
the authority granted in this section shall be repaid from the general
funds of the town, in such manner and at such time as the Mayor and
Common Council shall have determined and provided.

SEC. 2. And beAt further enacted. That the effectiveness of this
Act shall be subject to the requirement of Section 5 of Article HE
of the Constitution of Maryland that no such local law shall become
effective in regard to a municipal corporation until and unless it shall
have been approved at a regular or special municipal election by a
majority of the voters of that municipal corporation voting on the
question.

SEC. 3. And be it further enacted, That this Act is hereby declared
to be an emergency measure and necessary for the immediate pres-
ervation of the public health and safety and having been passed by
a yea and nay vote, supported by three-fifths of all the members
elected to each of the two Houses of the General Assembly of Mary-
land, the same shall take effect from the date of its passage.

Approved March 29,1955.