1318 LAWS OF MARYLAND. [CH. 539

and construct a water supply system for said town, within
and without the town limits, to do any and all work in-
cluding preliminary work and the employment of engineer-
ing and clerical force necessary for the carrying out of the
provisions of this Act, and for the purposes of this Act
to issue bonds on the faith and credit of said town for the
payment of said water supply system, and to acquire by
purchase of condemnation whatever property or rights-of-
way within or outside the corporate limits of said town
that they may deem necessary and proper.

155B The Commissioners of Mardela Springs herein-
after designated as the "authorities," shall proceed as soon
as possible after the passage of this Act to employ such
engineering and other help as they deem necessary for the
purpose of preparing surveys, plans, specifications and
estimates for a water supply system for said town. Upon
the completion of said estimate the authorities shall adver-
tise in at least one newspaper in the county of Wicomico,
and one newspaper in the City of Baltimore, for the receipt
of bids for the construction of said water supply system
either in whole or in part, as in their judgment may be
deemed proper. Said advertisement shall state the time
and place for the opening of bids, and all bids must be
sent under seal, accompanied by a certified check of such
amount as the said authorities may deem necessary and
proper. The contract shall be awarded to the lowest
responsible bidder, and the authorities are empowered and
authorized to enter into such agreement or contract with
said successful bidder as to safely indemnify the town
of Mardela Springs against any and all loss which may
ensue from the construction of said water supply system.
They shall demand bond of the successful bidder to what-
ever extent they deem necessary and proper, but in no
case shall the amount thereof be less than the contract
price.

155C For the purpose of providing funds for the con-
struction and establishment of said water supply system,
and for the purchase or condemnation of properties and
right of way, said authorities are authorized and empow-
ered to issue bonds in such amounts as they may deem
necessary to carry on said work or any part of it, pro-
vided, however, that at no time shall the amount of out-
standing bonds so issued be more than Seventy-Five Thou-
sand Dollars ($75,000.00). Said bonds may be of such
type and denomination and bear such rate of interest, not
exceeding five (5) percentum per annum as said authori-
ties may determine upon, provided, that the interest on