|
|
be payable thirty years from date, and redeemable at the
option of said town at any time after five years from their
date ; and said town shall have the same powers to levy a
tax to pay said interest, and provide a sinking fund for the
redemption of said bonds as are given by chapter 130 of the
Acts of 1890, chapter 124 of the Acts of 1892, and chapter
69 of the Acts of 1898, relating to the outstanding bonds of
said town, issued under said Acts.
|
CHAP. 555.
|
|
|
|
SEC. 2. And be it enacted, That the Mayor and Councilmen
of Frostburg, at a special election to be held on the second'
Tuesday in May, 1902, shall submit to the qualified voters of
said town the question whether or not said bonds shall be
issued as hereinbefore provided, and at such election all voters
desiring to vote on said question shall cast a ballot on which
shall be written or printed the words " For the Issue of
Bonds," or "Against the Issue of Bonds," as the voter shall
desire, and if a majority of the votes cast at said election shall
be in favor of the issue of said bonds, the said Mayor and
Council men of Frostburg shall have power to issue said bonds
to the extent of said sum of fifteen thousand dollars, or any
part thereof, and to sell and dipose of the same, or any part
thereof, for the purpose of raising the amount of money
necessary to improve, enlarge and extend the existing system
of water-works belonging to said town, and to increase, purify
and safely store its water supply in such manner as may be
found requisite to provide the inhabitants of said town with
an adequate supply of good water ; but if a majority of the
votes cast at such election shall be against the issue of said
bonds, then such bonds shall not be issued ; and it shall be the
duty of the said Mayor and Councilmen of Frostburg to give
the usual notice of the time, place aud object of such special
election, and they shall cause this Act to be published in some
newspaper printed in said town at least ten days before such
election.
SEC. 3. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved April 11, 1902.
|
Special
election to be
held.
|
|
