104

LAWS OF MARYLAND.

them shall constitute a quorum for the trans-
action of business.
SEC. 6. And be it enacted, That in order to pay
the interest on said bonds and to gradually re-
deem the same, the commissioners of Laurel be
and they are hereby authorized, empowered and

Levy addi-
tional tax.

directed and required to levy an additional tax
in the month of June in each and every year
until said bonds and interest shall be fully paid,
not exceeding fifteen cents on every one hun-
dred dollars of assessable property within the
limits of said town, from which they shall pay
the semi-annual interest on said bonds, and the

How invested.

entire balance shall be invested in some savings
institution, or in bonds to create a sinking fund,
to redeem said bonds at maturity or prior thereto.
And the additional taxes herein authorized

How applied.

shall be inviolably applied to this purpose and
none other, and the commissioners of Laurel
shall, at the expiration of each current year, pub-
lish a statement, showing the amount of money
collected by this additional taxation, the amount
paid as interest, and the manner and place of the
investment, in said sinking fund.
SEC. 7. And be it enacted, That the said trus-

Advertise re-
jected and ac-
cepted bids.

tees shall publish in some newspaper published
in said town selected by them, or by handbills
posted, the several bids rejected and accepted,
and render an account at least every six months
of their receipts and expenditures to said com-
missioners.
SEC. 8. And be it enacted, That in every case
where property holders shall, within sixty days
after the passage of this act, make pavements or
sidewalks in front of their property or properties
of the width required by the said trustees, and
of as good or better material required by said

Pay cost per
foot contract
price.

specifications, the said trustees are hereby
authorized and required to pay the said land
owner or owners of the funds realized from the
sale of said bonds, on completion of the work,
the cost per foot of the contract price as
awarded by said trustees, provided that said
land owners shall have at least ten days prior to
the closing of the bids, notify said trustees in

Give security.

writing of their intention to make such pave-
ments or sidewalks, and give satisfactory, se-