550 LAWS OF MARYLAND. [CH. 304
CHAPTER 304.

AN ACT to authorize and empower The Mayor and Com-
mon Council of Westminster to borrow on the faith and
credit of said municipality a sum not to exceed Two
Hundred Thousand Dollars ($200, 000. 00); to issue bonds
therefor to be known as "Westminster Maryland Water
Bonds of 1933" to an amount not exceeding Two Hundred
Thousand Dollars ($200, 000. 00); to use the proceeds
thereof for the purchase from The Consolidated Public
Utilities Company of Westminster of all of its plant and
property devoted to the supply of water to the City of
Westminster and vicinity; to operate, maintain, and ex-
tend such system of water works for the use and benefit
of the inhabitants of Westminster and vicinity; to pro-
vide generally for the advertisement and sale of said
bonds, the payment of the interest thereon, and the re-
demption of the same at maturity; to provide a tax, if
such be required, to pay for such interest and redemp-
tion, and directing that the question of the issuance of
said bonds shall be submitted to the qualified voters of
said municipality.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That for the purpose of providing funds for the
purchase from The Consolidated Public Utilities Company
of Westminster, a body corporate, of all of the plant and
water works property of such Company now devoted to
the procurement, impounding, purification, distribution,
and service of water to the City of Westminster and vicin-
ity, and for the operation, maintenance and extension
thereof, The Mayor and Common Council of Westminster
be, and it is hereby authorized and empowered to borrow
upon the faith and credit of said municipal corporation, a
sum of money not exceeding Two Hundred Thousand Dol-
lars ($200, 000. 00), and to issue and sell bonds therefor,
which said bonds shall be known as "Westminster Mary-
land Water Bonds of 1933. "

SEC. 2. And be it further enacted, That the said bonds
to be issued pursuant to this Act shall be of such type,
either serial bonds or sinking fund bonds, either registered
bonds or coupon bonds, shall be dated as of such date,
shall be of such denomination, and shall bear such
rate of interest, not exceeding five per cent. (5 %)
per annum, as shall be determined by The Mayor and
Common Council of Westminster by ordinance, pro-