FRANK BROWN, ESQUIRE, GOVERNOR..

447

be and they are hereby authorized and empowered to issue
bonds to the amount not exceeding thirty thousand dollars for:
the purpose of supplying said city with water, and construct-
ing internal improvements therein, and submitting the question
to an election to be held in said city, which said bonds shall be
so drawn that one thousand dollars of the principal thereof
shall be due and payable at the expiration of one year from the
date of said issue, and a further sum of one thousand dollars
at the expiration of each succeeding year thereafter until the
whole number of bonds shall be redeemed, said bonds to be
issued in sums of not less than fifty nor more than one
thousand dollars each, to be signed by the mayor and counter-
signed by the register of said city, with the corporate seal of
said city thereto attached, such bonds to bear such date as may
be determined upon by the Mayor and City Council, and bear
interest at a rate, not exceeding six per centum per annum,
that may be determined upon by the said Mayor and City
Council of Ellicott City, payable annually, for which interest
proper coupons are to be attached to said bonds, to be signed
by the mayor of said city and countersigned by the register
thereof, said bonds to be free from all county and municipal
taxation.

May issue
bonds.

SEC. 2. And be it enacted, That the said Mayor and City
Council shall annually levy upon the assessable property of
said city an additional tax sufficient to pay the interest on said
bonds, and to retire one thousand dollars thereof annually ;
and that the money thus received shall be known and kept as
"The Improvement Bond Fund,'' and shall be applied by the
Mayor and City Council to the payment of the principal and
interest of said bonds, as aforesaid, and for no other purpose
whatsoever, and that said tax shall be collected as all other
taxes are now collected in Ellicott City.

Tax to pay
principal
and interest.

SEC. 3. And be it enacted, That said bonds, at the pleasure
of the said Mayor and City Council of Ellicott City, shall be
sold by them, at public auction, to the highest bidder therefor,
for not less than their face value in cash, after having given at
least three weeks' prior notice by advertisement inserted in one
or more newspapers published in Howard county and else-
where, as the said Mayor and City Council may select.

Bonds to be
sold.

SEC. 4. And be it enacted, That before said Mayor and
City Council shall be authorized to issue any of said bonds, a
majority of the qualified voters residing within the corporate
limits of Ellicott City shall first determine, by ballot, in favor

Question to be
voted on.