826

LAWS OF MARYLAND.

meeting for said board at a cost not to exceed three thousand

dollars, and may levy siich special tax (beyond said thirty-five
cents if necessary which may be levied under section.one hundred

and forty-six hereof,) on the assessable property of said town as

may be necessary to carry out the provisions of this section, and -

To provide
fire appar-

the next two sections hereof; provided, that the amount to be

tus, etc.

levied shall not in any one year exceed five cents on the hundred

dollars of such assessable value, and in no event shall more be so

levied than shall be actually necessary to pay the bonds to be

issued under the next section hereof, and to meet the" interest

thereon.

156. To carry into effect the preceding section, the said presi-

dent and commissioners are hereby authorized and empowered, if

in their judgment they deem it expedient and proper, to issue on

the credit of the said town, bonds to an amount not exceeding

To issue
bonds

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

to carry into effect the provisions of the preceding section, to be

redeemable at a period not exceeding twenty years from the date

at which they were issued at the discretion of said board at a

rate of interest not exceeding five per cent, per annum, payable

semi-annually, and the faith and assessable property of said town

are hereby pledged for the payment and redemption of the prin-

cipal and interest of said bonds; said bonds shall be of denomi-

nations to be determined by said board, and shall be signed by

the said president, sealed with the seal of said corporation, and

attested by, the secretary.

Exempt.

157. The said bonds shall be exempt from county and muni-

cipal taxation.

158. All acts and parts of acts inconsistent with sections one

Repealed

hundred and fifty-four A, one hundred and fifty-four B, and one

hundred and fifty-four C, and hereof, are hereby repealed.

159. Said president and commissioners shall have authority to

contract for the lighting of the streets and alleys of said town,

and they shall also have authority to contract with some respon-

Make con-
tracts

sible company, corporation or persons for a water supply for said

town, and shall have full authority to make and prescribe all

regulations, restrictions and penalties necessary and proper

thereto; president and commissioners shall not have authority

in making such contract to bind said corporation of Elktou, to

pay for said water supply a sum exceeding eight hundred dollars

annually; provided, that the authority to contract for water as

aforesaid, shall not be construed as giving said board power to

build or construct a system of water works at the expense or on

the credit of said town.

160. This act shall take effect from the date of its passage ;

Effective

but the president, and commissioners, and bailiff and all other

officers appointed by them now in office, shall continue in