1816 ARTICLE 7.

vicinity thereof at such price and on such terms and conditions as the
sadd Burgess and Commissioners of New Windsor may determine.

1908, ch. 70, sec. 3 (p. 703).

289. For the purpose of paying the interest on said bonds by them
issued under the provisions of this Act, as the same shall fall due, and to
gradually redeem and retire such bonds until they shall all have been
redeemed and retired, the said Burgess and Commissioners are hereby
empowered and directed to apply all the net income arising from water
rents, after the expenses of any necessary betterments, extensions or in-
crease of water supply, or proper repairs are made, first, to the payment
of the interest on said bonds, and second, the remainder, if there be any,
shall be invested in a sinking fund to be applied to the payment of the
principal of said bonds, as soon as they shall become redeemable. In
the event that the net water rents shall not be sufficient in amount to pay
the interest on the said bonds and the principal thereof, as soon as it shall
become redeemable, the said Burgess and Commissioners shall annually,
after the issuing of said bonds, levy on the taxable property of said town
a special tax not exceeding twenty cents on the one hundred dollars, as
shall in their discretion be necessary for the prompt payment of the
interest on said bonds and the principal thereof, when the same may
become redeemable, and any surplus on hand at any time arising from
such levy shall be by the said Burgess and Commissioners invested in
some safe securities as a sinking fund, which shall not at any time be
diverted from the purposes of this Act.*

LIGHT PLANT.

1922, ch. 117, sec. 1.

290. The Burgess and Commissioners of New Windsor, in Carroll
County, in the State of Maryland, is hereby authorized and empowered to
establish, construct or acquire by gift, purchase or otherwise howsoever,
and upon such terms as it may agree, and thereafter to operate and
maintain an electric lighting and power plant, equipment, lines, fixtures
and easements for the purpose of supplying the said town and vicinity
of New Windsor, and the inhabitants thereof with electricity for light-
ing, heating and power for gain and at such rates and on such regula-
tions, terms and conditions as, from time to time, the said Burgess and
Commissioners of New Windsor may determine or as may hereafter be
determined by local or general law relating to the same.

1922, ch. 117, sec. 2.

291. For the purposes as set forth in Section 290, the said Burgess
and Commissioners of New Windsor is hereby authorized and empowered
to borrow, from time to time, on the faith and credit of the said town of
New Windsor an amount not exceeding at any one time the sum of five

*Sec. 2, ch. 70, 1908, authorized bonds to amount of $25,000.