392

LAWS OF MARYLAND.

twelve cents on every one hundred dollars of the

assessable property in said corporation, for the pay-
ment of the interest on the said bonds, and the

Distinct sink-

creation of a special and distinct sinking fund for

ing fund.

the liquidation and redemption of said bonds ; and

that the money thus raised shall be set apart and

known as the water works fund, and shall be applied

by the said board of supervisors or Mayor and Com-

mon Council to the payment of the principal and

interest of said bonds as aforesaid, and to no other

purpose whatsoever.

SEC. 5. And be it enacted, That the said bonds

Bonds to ma-
ture

shall be issued to mature at such dates as shall not

require the payment in any one year of more than

five thousand dollars of the principal sum thereof.

SEC. 6. And be it enacted, That the said Mayor

and members of the Common Council be authorized

Empowered

and empowered to collect from the owner or owners

to collect

water rents

of any dwelling or other building, all rents due the

company for water by his, her or their tenants, pro-

vided the said Mayor and Common Council, through

its authorized officers, shall notify said owner or

owners of the intention so to collect on or before the

first day of October in each year, and provided fur-

ther, that the water rent thus to be collected shall

Shall be clue.

become due from and after the first day of April

following, and it shall not be necessary for the said

Mayor and Common Council to notify as aforesaid

any owner or owners of property more than once.

SEC. 7. And be it enacted, That the revenues and

Revenues and

rents

rents derived from said water works, after payment

of expenses incidental to the proper management

and repairs of said works, shall form part and parcel

of the aforesaid sinking fund for the liquidation and

redemption of said bonds.

SEC. 8. And be it enacted, That the said bonds

Bonds consti-

be and they are hereby constituted a full and legal

tuted a lien.

lien upon said water works for the full and just pay-

ment and liquidation of the said bonds as aforesaid.

SEC. 9. And be it enacted, That the said Mayor

and Common Council and five commissioners, or