680
Term of
service
Authoriz'd to
introduce
supply of
water
Issue bonds.
Levy taxes.
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LAWS OF MARYLAND.
ment of said corporate authorities, and the members
of the Water Board hereby appointed shall con-
tinue in office during the pendency of said work, or
for two years from the passage of tills Act, which-
ever shall first occur, at which time, should the work
not be completed, one of said members shall retire
by lot, and his vacancy shall be filled by appoint-
ment of the Mayor and Council: and annually there-
after, until "aid Water Board shall expire by reason
of completion of said works, one member of said
board shall retire, the retiring' member to be deter-
mined by lot, and the vacancy to be filled in the
manner aforesaid, the retiring member to be re-
eligible.
SEC. 6. And be if enacted, That said Water Board, in
concert and conjunction with said corporate authori-
ties, shall be and is hereby authorized to do all things
requisite to the location and construction of said
works, for the introduction of a supply of water into
said town.
SEC. 7. And be if enacted, That the Mayor and
Council of Hagerstown he and they are hereby au-
thorized to issue bonds, bearing an interest of six per
cent. per annum, signed by the Mayor and Council
and sealed with the seal of the corporation, not ex-
ceeding in amount the sum of one hundred thousand
dollars, for the purpose of carrying into effect the
provisions of tins Act, which said bonds shall be ex-
empt from State, county and municipal taxation, and.
shall be denominated " Hagerstown Water Bonds."
SEC. 8. And he if enacted, That the Mayor and
Council of Hagerstown shall be and they are hereby
authorized to levy, on all the assessable property of
said town, a tax sufficient to liquidate or pay the
whole amount of said bonds, or any part thereof, and
the interest thereon accruing from time to time as
it may become due, and also, if deemed expedient
by the said Mayor and City Council, to establish a
sinking fund adequate to the liquidation or redemp-
tion of said bonds, in a period not exceeding thirty
years; said tax to be levied and collected as other
taxes of said corporation are levied and collected,
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