PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 93

abandoned upon the erection of a storage reservoir. Now,
therefore,

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Mayor and Aldermen of Frederick are
hereby authorized and empowered to issue and sell bonds for
the corporation of Frederick, for a sum of money not exceed-
ing sixty thousand dollars ($60,000.00), for the purpose of
increasing the water supply and facilitating the distribution
thereof in the corporation of Frederick, by the erection of a
storage reservoir, or lake, on Tuscorora Creek or Fishing Creek,
in Frederick county, Maryland, and for the purpose of acquir-
ing title by purchase or condemnation, of such land, on the
watershed of either or both of said streams, as the Mayor and
Aldermen of Frederick shall think proper.

SEC. 2. And be it enacted, That the bonds authorized to
be issued under the provisions of this act, shall be issued in
sums of not less than one hundred dollars nor more than one
thousand dollars each, and each of said bonds shall be payable
thirty years, after date, to bearer, redeemable, however, at the
pleasure of the Mayor and Aldermen of Frederick at any time
after the expiration of twenty years from their respective
dates, and said bonds shall bear interest from date of issuance
at a rate not exceeding four and one-half per centum per
annum, payable semi-annually, according to the tenor of the
coupons for said interest to be attached to said bonds; and
the bonds hereby authorized to be issued under the provisions
of this act are hereby exempt from municipal and county taxa-
tion in Frederick county,

SEC. 3. And be it enacted, That the Mayor and Aldermen
of Frederick is hereby authorized and empowered to sell said
bonds by bid upon sealed proposals, to the highest responsible
bidder or bidders, after having given at least three weeks'
public prior notice, by advertisement in at least two news-
papers, published in Frederick City; provided, however, that
said bonds shall not be sold except for cash, and none of said
bonds shall be sold for less than their par value.

SEC. 4. And be it enacted, That the Mayor and Aldermen
of Frederick shall have full power and authority, and is hereby
required to levy all necessary taxes upon the property within
the taxable limits of the said corporation, for the payment of
the interest on said bonds hereby authorized to be issued, and
shall create a sinking fund for the payment of the principal
thereof out of the funds, received from water rents by said
corporation; provided that not less than 10% of the gross