Chap. 277.—An ACT to amend and re-enact an Act to authorize the
Common Council of Winchester to borrow money, approved January
20th, 1874.

Approved April 29, 1874,

1. Be it enacted by the general assembly, That the com-
mon council of the corporation of Winchester, in the county
of Frederick, be and is hereby authorized to borrow a sum
or sums of money, not to exceed in the aggregate the sum of
fifteen thousand dollars, and at a rate of interest not to ex-
ceed eight per centum per annum; the sum or sums 80 bor-
rowed, to be used exclusively in the payment of debts now
owing by said corforation, which have already fallen due,
and those that may fall due previous to January first, eighteen
hundred and seventy-five. That, for the sam or sums so bor-
rowed, the said common council be and is hereby authorized
to issue registered or coupon bonds, or both, in the name of
the city of Winchester, to be signed by such officer or officers
of said corporation as the ordinance or ordinances of the
council authorizing the loan or loans may prescribe. |

2. The principal of said bonds shall fall due within thirty
years from their respective dates, and the interest shall be
payable either annually or semi-annually.

. This act shall be in force from its passage.