JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 277
dollars, payable not more than thirty years after
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date, with six per centum interest, payable annually ;
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which said bonds shall be signed by the Mayor, at-
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tested by the corporate seal, and countersigned by
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the Treasurer of said board ; and said coupons, after
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the maturity of the same, shall be receivable in pay-
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Receivable for
taxes
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ment of all taxes and dues by said town ; and the
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said Mayor and Couucilmen are hereby authorized
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and required to levy and collect annually, a special
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tax over and above the ordinary taxes of said town
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now levied and collected, of not more than thirty
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cents on every one hundred dollars of the assessable
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property in said town, for the payment of the inter-
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est on the said bonds, and the creation of a special
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and distinct sinking fund, for the liquidation and
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Sinking fund.
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redemption of said bonds ; and that the money thus
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raised shall be set apart and known as the water-
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works' fund, and shall be applied by said Board of
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Supervisors, or Mayor and Councilmen, to the pay-
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ment of the principal and interest of said bonds as
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aforesaid, and to no other purpose whatsoever.
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SEC. 5. And be it enacted, That the said bonds
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shall be issued to mature at such dates as shall not
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Maturity
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require the payment in any one year of more than
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two thousand dollars of the principal sum thereof.
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SEC. 6. And be it enacted, That the revenues and
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rents derived from said water-works, after payment
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Revenues and
rents
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of expenses incidental to the proper management
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and repairs of said works, shall form part and parcel
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of the aforesaid sinking fund, for the liquidation and
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redemption of said bonds.
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SEC. 7. And be it enacted, That the said bonds be,
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and they are hereby constituted, a full and legal lien
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Legal lien
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upon said water-works, for the full and just payment
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and liquidation of the said bonds as aforesaid.
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SEC. 8. And be it enacted, That the said Board of
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Restrained
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Supervisors, be, and they are hereby restrained from
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from selling
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selling or in any way disposing of any bond or bonds,
for any sum or consideration less than nine-tenths of
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its par value.
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SEC. 9. And be it enacted, That the said Fire Com-
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Compensation.
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missioners shall receive as their compensation for
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