FRANK BROWN, ESQUIRE, GOVERNOR.

599

SEC. 34. And be it enacted, That said corporation shall

Not to issue
currency

not issue any device, token, note or certificate of evidence

of debt to be used as currency.

SEC. 35. And be it enacted, That the mayor and council-

men are hereby authorized and empowered to build and erect

Water

water works for the supply of said town, and to contract for,

works.

purchase, lease and hold in fee simple or for a term of years,

any land, real estate, spring, brook, water, or water courses

and to use and occupy forever, or for a term of years, any

land, real estate, spring, brook, water, or water course,

which tliey may deem expedient aud necessary for the pur-

pose of furnishing said town with water, and also the right

to enter and pass through, from time to time, as occasion

may require, and to use and occupy the said lands through

which they may deem it necessary to convey said water, and

they are hereby vested with all the rights and powers

necessary for the introduction of water into the said town.

SEC. 36. And be it enacted, That the mayor and councilmen

are hereby authorized and empowered to issue coupon bonds

Bonds

of said town, to an amount not exceeding forty thousand

dollars, which said bonds shall be signed by the mayor and

clerk of said town, and attested with the corporate seal

thereof, and shall be denominated "Lonaconing Water

Bonds " and bear interest not exceeding six per centum per

annum, payable semi-annually, to be issued in denomina-

tions, not exceeding five hundred dollars, and to be payable

at a time, not exceeding thirty years after their date, and

redeemable at the pleasure of the corporation at any time

after five years from their date, provided, however that no

issue of bonds under this section shall be made without

first submitting the question of their issue, and the amount

to be issued, to the legal voters of said town at any geueral

corporation, or special election, after having given thirty

days' public notice by hand bills, and publication in one or

more newspapers in said town, and a majority of the legal

votes cast upon such question shall be in favor thereof.

SEC. 37. And be it enacted, That the mayor and council-

men are hereby authorized and empowered to levy and col-

lect a special tax on the assessable property of said town,

Tax to pay
interest

sufficient to pay the interest on said bonds, and to provide
a sinking fund for the redemption of the same, if the pro-

and create

sinking

fund.

ceeds from the use of said water be not sufficient therefor,

and the taxes so levied shall be a lien on the real estate upon

which said water is furnished and the collection of said

taxes shall be enforced in the same manner as provided for

taxes for general purposes.

SEC. 38. And be it enacted, That the mayor and council-

men are hereby authorized and empowered to agree with