22O

LAWS OF MARYLAND.

SEC. 5. And be it enacted, That the Mayor and Common

To issue and

Council of Hyattsville shall have full power and authority,

sell bonds.

which is hereby conferred upon it, to issue and sell, at not

less than par and accrued interest, coupon bonds of said cor-

poration to the amount of not exceeding $30,000 par value,

to mature and become payable at such date not exceeding

thirty years from the date thereof, and to bear interest at

such rate not exceeding five per centum per annum, payable

semi-annually, as the said Mayor and Common Council of

Hyattsville shall determine. Said bonds shall be sealed with

the corporate seal, and shall be signed by Mayor and Treasurer

of said corporation ; but the coupons for interest may be authen-

ticated by the engraved, lithographed or printed signature

Bonds to be

of the Treasurer alone. Said bonds shall be free of all county

free of all
taxation.

and municipal taxation in Maryland. In order to obtain a

fair price for said bonds, sealed bids for the purchase thereof

may be invited by the Mayor and Treasurer, by notice to

be published in a weekly newspaper published in the town

of Hyattsville, and in one or more daily newspapers published

in the City of Baltimore, as the Mayor may determine, giv-

ing at least two weeks' notice of the time and place for open-

ing the bids. The bids shall be opened by the Mayor at the place,

and as nearly as practicable at the time, specified in said notices,

Mayor to open

in the presence of such members of the Common Council,

bids.

if any, as may be present, and the Mayor may accept the

fid of the highest responsible bidder, if in his judgment the

bid is adequate ; and if not, said bonds may be then sold

by the Mayor and Treasurer at private sale, and in all said

notices the right may be reserved to reject any and all bids.

The purchase price accepted for said bonds shall be paid to

the Treasurer of said corporation in his official capacity and

the bonds shall be delivered by him or the Mayor to the

purchaser; and the proceeds of sale shall be kept as

a separate fund for the purpose of establishing, constructing

Proceeds of
sale to be kept

and extending said system of sewers, and the buildings, pipes

as a separate

and works, and for the acquisition of any land necessary or

fund.

appropriate to be in connection therewith, and shall be dis-

bursed by the Treasurer only for such purposes.

SEC. 6. And be it enacted, That the Mayor and Common

Council of Hyattsville shall annually levy a special sewer

Special sewer

tax, for the year in which the levy is made, of not exceed-

tax.

ing twenty cents on each one hundred dollars of the assessed

value of all property, real and personal, in the town of Hyatts-