EDWIN WARFIELD, ESQ., GOVERNOR.

497

for erecting and maintaining water works in said town and

authorizing the said Commissioners to condemn such land

as may be necessary for the building of said works.

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

land, That Chapter 178 of the Acts of 1896, entitled "An Act

Caroline Coun-
ty Maryland.

to incorporate the town of Ridgley, Caroline County, Mary-

land," be and the same is hereby amended by the addition

of the following sections, to come after Section 33, and to be

designated as Sections 34, 35, 36 and 37:

34. That the Commissioners of Ridgley are hereby author-

Commissioners

ized and directed to issue registered bonds in the name of the

of town to is-
sue bonds.

Commissioners of Ridgley in sums of five hundred dollars

each to be numbered from one to thirty consecutively, payable

thirty-five years from date of issue, the first bond, or bond num-

ber one, shall be due and payable six years from date of issue ;

bond number two, seven years from date of issue, and there-

after each bond shall mature and be paid each consecutive year

from the maturity of bond number two, in the order of their

consecutive numbers; provided, however, the Commissioners

of Ridgley are hereby granted the option to redeem any or all

bonds outstanding twenty-five years from date of issue, said

bonds to be signed by the president and secretary of the said

Commissioners, attested by the seal of the said Commissioners

of Ridgley to the amount of fifteen thousand dollars or so much

thereof as may be necessary for the purpose of erecting and

maintaining water works in the said town of Ridgley, bearing

To erect and

interest at not more than five per centum per annum, payable

maintain

semi-annually in each and every year, and dated on the day of

water works.

their issue, and the same shall be exempt from county and

municipal taxation.

35. The proceeds of sale from the said bond issue of fifteen

thousand dollars, or so much thereof as may be necessary for

Proceeds from
sale of bonds.

this purpose, shall be by the said Commissioners of Ridgley

used and applied exclusively to the payment of the costs and

expenses of erecting, building, working, maintaining and keep-

ing in repair water works and the plant for the same for the

town of Ridgley, as the said Commissioners may order and

direct, and the said bonds are hereby declared to be a first

lien upon the plant and franchise of the said water works.

36. The said Commissioners of Ridgley are authorized, em-

powered and required to annually levy and collect a special

tax of not exceeding twenty-five cents on every one hundred