WM. T. HAMILTON, ESQUIRE, GOVERNOR.

461

erect thereon a locomotive and machine works for

the building or manufacture of locomotive engines

and other machinery, or upon such other condi-

tions as may be agreed upon between said Mayor

and City Council on the one part, and said Thomas

H. Paul and J. T. H. Paul on the other part; and

said Mayor and City Council are hereby author-

ized and empowered to provide by ordinance for

Provide by

the purchase of said ground, and to take and re-

ordinance.

ceive a deed of conveyance for the same in the

corporate name of said city, and to convey said

ground to said Thomas H. Paul and J. T. H.

Paul, their heirs and assigns, upon the conditions

aforesaid, and are authorized, in their discretion,

to provide in and by said deed of conveyance that

the title to said land shall revert to said city if it

shall at any time cease to be used for the purposes

for which it is granted.

SEC, 2. And be it enacted, That said Mayor and

City Council of Cumberland are hereby author-

ized and empowered, for the purpose of raising

funds, to make the purchase in the first section of

this act provided for, to issue coupon bonds of

Issue coupon

said city to an amount not exceeding ten thousand

bonds.

dollars, in such denominations as to them may

seem best, payable at a period not exceeding

twenty years, and redeemable at any time after

five years from the date thereof, at the option of

said Mayor and City Council, said bonds to bear

interest not exceeding five per cent, per annum,

payable semi-annually from the date thereof; and

said bonds shall be signed by the Mayor and City

How signed.

Clerk, and attested by the corporate seal of the

city, and said bonds shall be exempt from taxa-

tion by said city, and the coupons after maturity

shall be receivable for city taxes.

SEC. 3. And be it enacted, That the said Mayor

and City Council are authorized and empowered

to sell said bonds at not less than par, and to apply

the proceeds thereof to the purchase of such real

Dell bonds at
less than par.

estate, improved or unimproved, as said Mayor

and City Council shall determine to purchase for

the purposes specified in the first section of this act.

SEC. 4. And be it enacted, That said Mayor and

City Council shall have power, and are hereby