810

LAWS OF MARYLAND.

Construction
of water-works
Authority to
borrow money

and issue

coupon bonds.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That for the purpose of constructing or purchasing and
maintaining water-works capable of furnishing the residents of
Boonsboro with a good and sufficient supply of water the Bur-
gess and Commissioners of Boonsboro be and they are hereby
authorized and directed to borrow money on the credit of said
town to an amount sufficient for the purpose aforesaid, and to
issue registered coupon bonds of said town in payment of said
sum and the interest thereon to accrue; provided, however,
that the question of the issue of said bonds and the aggregate

Shall be sub-
mitted to the
legal voters of
said town.

amount thereof shall be submitted by the said Burgess and
Commissioners to the legal and qualified voters of said town at
a special election to be held at any time, in the discretion of
the said Burgess and Commissioners of Boonsboro, after the
passage of this Act; provided the said Burgess and Commis-
sioners shall give at least ten days' notice of the time, place
and object of said election prior to said election by publica-
tion in one or more newspapers published in said Washington
County, and said notice shall also plainly state the aggregate
amount of bonds to be issued for the purpose of this Act.

Election.
How held.

SEC. 2. And be it enacted, That at the election in Boons-
boro, to be held under the provisions of this Act, a vote shall
be taken whether or not the bond issue herein provided for
shall be made, which election shall be held under the pro-
visions of law now governing elections in said town; and for
the purpose of taking said vote there shall be printed a ticket by
the said Burgess and Commissioners upon which shall appear
in one column the words: "For the Bond Issue," and in another
column, "Against the Bond Issue," and if a majority of the
legal and qualified voters shall vote in favor of the said bond
issue, then'the Burgess and Commissioners are required to
issue said bonds to an amount not to exceed in the aggregate

How bonds
shall be issued

the amount or sum of money named in said published notice
of said election. The said bonds shall be issued in sums of
not less than fifty ($50.00) dollars, nor more than five hun-
dred ($500) dollars, shall have coupons attached for the interest
thereon, payable semi-annually at a rate not exceeding five
per centum, shall each be signed by the Burgess and counter-
signed by the clerk to the Burgess and Commission-
ers of Boonsboro, with the corporate seal of said town
affixed and shall be registered by said clerk in a
book to be especially provided for that purpose. The
said Burgess and Commissioners are authorized and em-
powered to fix and determine the length of time any and all
said bonds shall run, their series and the time at which any