ALBERT C. RITCHIE, GOVERNOR. 149

count, " if sinking fund bonds are used, or as a fund to be
known as the "Water Supply Bond Account, " if serial bonds
are used, the amount so raised for payment of the principal of
said bonds. Should receipts from said taxes or other sources
be inadequate to deposit the principal payment on said bonds,
by reason of defaults or otherwise, such deficiency shall be
added to and collected in the next year's tax, if sinking fund
bonds are used, or such deficiency shall be made up by a special
tax on all of the property taxed as aforesaid, if serial bonds
are used. The President and Commissioners of Northeast are
authorized to pay the interest on any bonds that they issue
prior to the first tax levying period out of the proceeds of the
sale of said bonds. In order that the prompt payment of in-
terest and the proper provision for the payment of the prin-
cipal of said bonds shall be assured, the prompt and proper per-
formance of the respective acts and duties heretofore defined is
specifically enjoined, and failure upon the part of any person,
persons, body corporate or agent to perform the necessary acts
and duties hereafter set forth, to pay over the said funds as re-
quired, or to use said funds or any part thereof for any other
purpose than the payment of the principal and interest on said
bonds, is hereby declared a misdemeanor and punishable as
other misdemeanors are punishable, by Section 16 of this Act.

SEC. 6. And be it further enacted, That whenever the plans
and specifications for said water supply system for said town
shall have been completed, and said President and Commis-
sioners of Northeast shall have decided, after opportunity for
a hearing has been given, to proceed with the construction,
they shall advertize by notice in such newspapers and technical
press as they may deem proper, for bids for the construction
of said system, in parts or as a whole, as in their judgment may
appear advisable. The contract shall be let to the lowest re-
sponsible bidder, or the President and Commissioners of North-
east may reject any or all bids, and, if in their discretion the
prices quoted are unreasonable, they may re-advertize the work
or any part of it, or may do any part or all of the work by
day labor, provided that at any time the President and Com-
missioners of Northeast may, in their discretion, expend by day
labor for construction work an amount not exceeding $1, 000.
without advertising or receiving bids. The President and Com-
missioners of Northeast may purchase the necessary pipe, fire
hydrants, valves, specials, tanks, pumps, motors, engines, or
such like equipment if, in their discretion, they deem it ad-