3408 ARTICLE 16.
of interest and principal on said bonds, as hereinafter provided, they shall
determine the number of cents per $100 necessary to raise the amount
remaining. The Mayor and Council in their next annual levy shall levy
said tax on all land and improvements and any other property assessed for
municipal purposes within the town of Gaithersburg, which tax shall be
levied and collected as the town taxes now are or may be hereafter by law
levied and collected, and have the same priority rights, bear the same in-
terest and penalties, and in every respect be treated the same as other
taxes of -Gaithersburg now are. From the money so received, together
with the amount in hand to the credit of said bond fund, the Mayor and
Council shall first pay all interest on said bonds as it matures and shall
then deposit in some bank or banks in Gaithersburg, in their name, as a
fund to be known as the "Water and Sewerage Sinking Fund Account,"
the amount required for payment of the principal of said bonds. Should
receipts from said taxes and assessments be inadequate to deposit the
principal payment on said bonds, by reason of defaults or otherwise, such
deficiency shall be added to and collected in the next year's tax. The
Mayor and Council are authorized to pay the interest on any bonds they
may issue prior to the first tax levying period out of the proceeds of the
sale of said bonds. In order that the prompt payment of interest and
the proper provision for the payment of the principal of said bonds shall
be assured, the prompt and proper performance of the respective acts and
duties heretofore defined is specifically enjoined, and failure upon the
part of the Mayor and Council or any of their agents to perform the
necessary acts and duties hereafter set forth, to pay over the said funds as
required, or to use said funds or any part thereof for any other purpose
than for the payment of the principal and interest on said bonds, is hereby
declared a misdemeanor and punishable as other misdemeanors are pun-
ishable by Section 401 of this subtitle.
1922, ch. 216, sec. 5.
390. When this Act shall have become effective the Mayor and Coun-
cil shall proceed to have surveys, plans and specifications, prepared for
complete water and sewerage systems. When said plans and specifications
have been completed, the Mayor and Council shall advertise, by notice in
such newspapers and technical press as they may deem proper, for bids
for the construction of said systems in parts or as a whole, as in their
judgment may appear advisable. The contract or contracts shall be let
to the lowest responsible bidder, or the Mayor and Council may reject any
or all bids and, if in their discretion the prices quoted are unreasonable,
they shall readvertise the work, or may do any part or all of the work by
day labor; provided that at any time the Mayor and Council may, in their
discretion, expend for clay labor on construction work an amount not ex-
ceeding $2,000 without advertising or receiving bids. All contracts may
be protected by such bonds, penalties and conditions as the Mayor and
Council shall require, all of which shall be enforceable in any court having
jurisdiction.
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