ALBERT C. RITCHIE, GOVERNOR. 53

condemn such land as may be necessary for the building
of said water works, and to levy taxes on the assessable
property of said town to redeem said bonds and to pay
the interest thereon, and to repeal Chapter 282 of the
Acts of 1931, entitled "An Act providing for the issuing
and sale of bonds by the Mayor and Council of Grants-
ville for constructing, erecting and maintaining water
works in said town of Grantsville, condemn such land as
may be necessary for the building of said works, and to
levy taxes on the assessable property of said town to
redeem said bonds and to pay the interest thereon. "

SECTION 1. Be it enacted by the General Assembly of
Maryland, That for the purpose of establishing, construct-
ing and maintaining water works capable of furnishing the
residents of said town with a good and sufficient supply
of water for ordinary purposes and for fire protection, the
Mayor and Council of Grantsville be and they are hereby
authorized and empowered and directed to issue bonds in
the name of the Mayor and Council of Grantsville to an
amount not exceeding $25, 000. 00, or so much thereof as
may be necessary for the purpose aforesaid. The said
bonds shall be for sums not less than $500. 00 each, nor
more than $1, 000. 00 each, to be signed by the Mayor and
President of the Council and countersigned by the clerk of
the said Mayor and Council with the corporate seal of said
town thereto affixed, bearing interest at not more than five
per centum per annum, payable semi-annually in each and
every year and dated on the first day of their issue. The
said bonds shall be numbered serially. Bond No. 1 shall
be due and payable three years from date of issue, and
thereafter each bond shall mature and be payable each con-
secutive year from the maturity of Bond No. 1 in the order
of their consecutive numbers; provided, however, the
Mayor and Council of Grantsville are hereby given the
option to redeem any or all bonds outstanding ten years
from date of issue; that all of said bonds issued as afore-
said shall be due and payable within twenty-seven years
from the date of their issue, and shall be forever exempt
from all county and municipal taxation for any purpose,
and shall have printed on them a reference to the Act of
Assembly authorizing the issue thereof.

SEC. 2. And be it further enacted, That the Mayor and
Council of Grantsville are hereby authorized and empow-
ered and directed to construct and erect water works in