LLOYD LOWNDES, ESQUIRE, GOVERNOR.
195 K. And be further enacted. That all laws relating to the

95

corporation of Oakland conflicting or inconsistent with the
provisions of this Act be and the same are hereby repealed.

Repeal.

195 L. And be it enacted, That this Act shall take effect
from the date of its passage.
195 M. And be it further enacted, That in the event of this

Effective.

Act not becoming a law before the fourth day of March in the
year eighteen hundred and ninety eight, then the election for
Mayor and Town Council for Oakland shall be held for the
present year under the law heretofore enforced.
Approved March 2, 1898.

CHAPTER 26.
AN ACT to authorize and empower the Mayor and Town
Council of Oakland to borrow money on the credit of said
town, for the purpose of constructing water works for said
town, to issue bonds for the payment of the same, and to
levy taxes on the assessable property in said town, to redeem
said bonds and pay interest thereon.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That for the purpose of establishing, cocstructing

How election
is to be held.

and maintaining water works capable of furnishing the resi-
dents of Oakland with a good and sufficient supply of water,
the Mayor and Town Council of Oakland, be and they are
hereby authorized and directed to borrow money on the credit
of said town to an amount not exceeding the sum of thirty
thousand dollars, and to issue registered bonds of said town in
payment of said sum so borrowed, the said bonds shall be for
sums not less than one hundred dollars, nor more than one
thousand dollars each, to be signed by the Mayor and the presi-
dent of the council, and attested by the town olerk, with the
corporate seal of said town thereto affixed, and to be registered
by said clerk in a separate book to be especially provided for the
purpose, the said bonds shall be issued at such time as the said
ayor and Town Council shall determine ; provided, that the
date of issue thereof shall not later than the first day of
January, eighteen hundred and ninety-nine, they shall bear
interest at a rate not exceeding four per centum per annum,
said interest to be paid semi-annnually, beginning in six
months from the date of their issue and shall mature at such
date as shall not require the payment in any one year of more
than one thousand dollars of the principal sum thereof, and

Authorize
and
empower
Mayor and
Town Coun-
cil to bor-
row money.