228

LAWS OF MARYLAND.

the total amount paid to them for their services shall be de-

ducted from the two hundred and fifty thousand dollars herein

appropriated.

SEC. 3. And be it enacted, That this Act shall take effect

from the date of its passage.

Approved March 22, 1904.

CHAPTER 130.

AN ACT to authorize the Mayor and Council of Rockville

to issue bonds to an amount not exceeding five thousand

dollars, to pay an indebtedness incurred by the Mayor and

Council of Rockville in repairing and enlarging its water

system, and for the purpose of restoring and equipping

its electric light plant.

SECTION i. Be it enacted by the General Assembly of Mary-

A municipality

land, That the Mayor and Council of Rockville be and they

to issue bonds
to pay an in-

are hereby authorized and empowered to issue bonds, in

debtedness.

the name of said municipal corporation, to an amount not

exceeding five thousand dollars; the bonds issued under the

provisions of this Act shall be issued in sums of not less than

one hundred dollars and not more than five hundred dollars

each, and each of said bonds shall be payable twenty years

after date to bearer, and shall bear interest in the meantime

at the rate of four per centum per annum, payable semi-

annually according to the tenor of the coupons of said in-

terest to be attached to said bonds, and the bonds to be issued

under the provisions of this Act are hereby exempted from

all taxation for any purpose ; provided, however, that said

bonds shall not be sold for less than par, or the face value

thereof, in cash current money.

SEC. 2. And be it enacted, That the proceeds of the sale

Restricted as

of the bonds hereby authorized to be issued shall be applied

to its pur-

to the payment of an indebtedness incurred by the Mayor

poses.

and Council of Rockville in repairing and enlarging its water

system, and for the purpose of restoring and equipping its

electric light plant, and to no other use or purpose whatever.

SEC. 3. And be it enacted, That said Mayor and Council of

Authority to

Rockville shall have full power and authority, and are hereby

tax property.

required to levy all necessary taxes upon property within the

taxable limits of said corporation for the payment of the in-

terest on the bonds hereby authorized to be issued, and for