EDWIN WARFIELD, ESQ., GOVERNOR.

579

authorized and empowered to borrow money on the faith and
credit of the said town to an amount not exceeding twenty
thousand dollars and to issue coupon bonds for the payment
of the same in such denominations and to mature at such
time and to bear such interest, not exceeding five per cent,
per annum as the burgess and commissioners shall by ordi-
nance prescribe, and levy taxes for the payment of said
bonds and the interest thereon; said bonds are to be signed
by the burgess and attested by the clerk of the board, with
the seal of the town attached, and to be registered in a book
to be kept by said clerk; said bonds are to be sold by the
burgess at public auction at such time as shall be required
by the burgess and commissioners; provided, that before
any action of the burgess and commissioners, in pursuance of
the provisions of this section, shall be valid and effective; the
ordinance providing therefor shall be submitted to the

CHAP. 315

approval of the qualified voters of the town of Hancock at
an election to be held for that purpose in mode and
manner that other elections are conducted and at a time
specified by the burgess and commissioners, and four
weeks' notice of such election shall be given by the
burgess and commissioners by handbills set up at least
in twenty-five conspicuous places in the town, setting
forth the purpose and object of such action by the burgess
and commissioners, in pursuance of the provisions of this
section, and if at said election a majority of the votes cast
shall be in favor of such action of the burgess and com-
missioners, then such action shall be valid and effective; but
if at said election a majority of the votes cast shall be against
such action of the burgess and commissioners, then such
action shall be void and of no effect; and the burgess and
commissioners shall cause ballots to be printed at public
expense giving the voter a fair opportunity to express his
approval or disapproval of the action of the burgess and
commissioners.

Section 241 K. The burgess and commissioners shall have

Approval of
voters
required.

full power to provide for the introduction of water, electric
light or gas into said town, and to effectuate such object
may contract with or grant unto any other corporate body,
public or private, or to any individual or partnership the right
of franchise within the limits of said town for the purpose
of operating water works, electric light or gas plants, the

Power given
for introduc-
tion of water,
electricity,
etc.