ROBERT M. McLANE, ESQUIRE, GOVERNOR.

161

on the first days of January and July in each year,

and shall be exempt from county and municipal taxa-

tion, the principal of said bonds to become due and

denfendable ten years from the date of their issue,

with the privilege reserved by said town commis-

sioners to redeem said bonds, or any part of the same,

after five years from this date; the said commissioners

shall pay the interest as aforesaid on said bonds out

Interest— how

of the annual taxes levied for corporate purposes, and

paid.

shall likewise annually set apart therefrom the sum of

two hundred dollars to be invested in a sinking fund

to liquidate said bonded loan at maturity, and they

shall invest said sum authorized to be set apart as a

sinking fund annually in the manner provided in sec-

tion seventy-two of the amended charter of said town,

to which this act is a supplement, and shall be subject

likewise to the penalties mentioned in said section

seventy-two; the money arising from the sale of said

bond shall be expended as follows : A sufficient sum

shall be expended in constructing in those parts of the

How expended.

said town laying off from the river and creek,wells,tanks

or cisterns of capacity to afford an ample supply of wa-

ter in cases of fire; said wells, tanks or cisterns shall be

located and built under the direction and supervision

of James Wallace, Edward W. Lecompte and G.

Warren Mundy, citizens of the said town, who are

only appointed commissioners for the purpose and on

Appointed

the event of the failure of the said citizens, or a ma-

commissioners.

jority of them, to act, then the said town commis-

sioners shall act in their stead; the balance of said

money, if sufficient, or so much thereof as may be

necessary, if more than sufficient, shall be expended

by the said town commissioners in the purchase of a

suitable hook and ladder truck for the fire department

of the said town.

SEC. 2. And be it enacted, That this act shall take

Effective.

effect from the date of its passage.

Approved March 31, 1884.