EDWIN WARFIELD, ESQ., GOVERNOR.

73

land, machinery, poles, conduits, wires and other instruments
and instrumentalities, necessary in the judgment of the Mayor
and Common Council to furnish electric light for lighting
the town of Hyattsville and sell the surplus current; said
bonds shall bear interest at the rate of not exceeding five per
centum per annum, payable semi-annually, shall be of the par
value of not less than one hundred dollars ($100.00) nor
more than one thousand dollars each, and shall be made
payable at such place and at such date, not more than thirty
years from the date of their issue, as the Mayor and Com-
mon Council of Hyattsville shall determine, and shall be
sealed with the corporate seal of the Mayor and Common
Council of Hyattsville and shall be signed by the Mayor and
Treasurer of said corporation; but coupons for the interest
thereon to accrue may be authenticated by an engraved,
lithographed or printed fac simile of the Treasurer alone, and
the bonds and coupons (if coupons be used) shall be engraved,
lithographed or printed, as shall be determined by the Mayor
and Common Council of Hyattsville, and shall be free from

cHAP. 74

taxation by any municipal corporation or county in Mary-
land. The Mayor and Common Council of Hyattsville shall,
when ready to offer said bonds for sale, publicly invite sealed
faids for the purchase thereof by advertisement in a news-
paper published in Hyattsville and in such other newspaper
or newspapers, financial periodical or paper as it shall deter-
mine, giving at least two weeks' notice of the time and place
at which the bids will be opened. And as nearly as practi-
cable at the time stated in said notices said bids shall be
opened by the Treasurer or the Mayor in the presence of
such members of the Common Council, if any, as may see
fit to be present; and the Mayor may accept the bid of the
highest responsible bidder for all or any of said bonds if in
his judgment the bid is adequate, if not he may reject the
same, and then the said bonds may be sold by the Mayor
and Treasurer at private sale, or they may be again offered
as before, as the Mayor and Treasurer, or in case they shall
not agree as the Mayor and Common Council shall determine.
The purchase price for Said bonds shall be paid to the Treas-
urer of said corporation in his official capacity, and the pur-
chaser shall not be bound to see to the application of the
purchase money, and the bonds shall be delivered by the
Treasurer or the Mayor to the purchaser. The purchase

Bonds to be
advertised
for sale.