EDWIN WARFIELD, ESQ., GOVERNOR.

1329

rate of six per centum per annum; said bonds to be payable
25 years after issuance and redeemable after ten years there-
from at the pleasure of the Mayor and Council; said bonds
shall be exempt from municipal, county and State taxation ;
and the Mayor and Council in making their annual levy of
municipal taxes after said bonds are issued shall fix the rate
sufficient to provide for the payment of the interest on said
bonds and create a sinking fund for their redemption; pro-

CHAP. 796

vided, that the question of such purchase, construction or
bond issue shall first be submitted to be passed on by the
people of Somerset at the regular annual election or a special
election held for that purpose after thirty days' public notice
by the Council of intention to submit the question to the
voters, said notice to be posted in not less than three con-
spicuous places in the town and published not less than three
successive weeks in the official journal of the town, or in a
newspaper published in Montgomery county, the first of
which said newspaper publications shall be not less than
thirty days before said special election. The Mayor or the

Proviso.

clerk may, upon authority from the Council, purchase real
or personal property exposed for sale for taxes, as herein
elsewhere provided for, said purchase to be in the name and
for the use of the town; provided, that the sum bid shall
not in any case exceed the amount of delinquent taxes,
interest, cost and expenses. The town may afterward sell
or convey the same if not redeemed as herein elsewhere
provided for.

SEC. 15. And be it enacted, That the said Council shall,

Authority to
purchase
real or
personal
property.

on or before the twelfth day of May in each and every year
cause an assessment to be made of all property, real and
personal, within said town, by an assessor or assessors, to
be appointed and paid by the Council, which said assess-
ment shall not exceed the assessment of the same for county
purposes. The assessment shall be returned by said assessor
or assessors to the Council on or before the 20th day of
May. The Council shall give notice by posting the same in
at least three conspicuous places in said town, and by adver-
tisement inserted in the official journal of the town, or in
some newspaper published in Montgomery county once in
each of two successive weeks before the first day of June in
each year, that said assessment returns will be in the hands
of the clerk and open to inspection by any person inter-
43

Asessment to
be made of
real and
personal
property.