ART. 11.] FREDERICK COUNTY. 777

amount not exceeding fifteen thousand dollars ($15,000) the
said bonds to be issued in sums of not less than fifty dollars nor
more than five hundred dollars each, to be sealed with the cor-
porate seal, signed by the Mayor and countersigned by the clerk
of the Council of said town; each of said bonds to be made pay-
able thirty years after date, to bearer, redeemable, however, at
the pleasure of the Mayor and Council at any time after ten
years from their respective dates; said bonds to bear interest
not exceeding five per cent, per annum, payable semi-annually
by the Mayor and Council of said municipal corporation, on the
presentation of interest coupons to be issued with said bonds;
and said bonds shall be exempted from all county and municipal
taxation.

SEC. 2. And be it enacted, That the proceeds of the sale of
said bonds, none of which shall be sold below par, shall be ap-
plied to the construction and maintenance of water works to
supply, so far as practicable, the reasonable demands of the
citizens of said town, and other persons carrying on business
therein, with water, and also to the laying, establishment and
maintenance of water mains and fire plugs in and along the
streets of said town as a protection against fire.

SEC. 3. And be it enacted, That said Mayor and Council shall
have power and authority and are hereby required to levy all
necessary taxes upon the property within the taxable limits
of said corporation, not exceeding the rate of taxation fixed in
the charter of said town, as the same may, from time to time, be
amended, for the purpose of paying the interest on said bonds,
and also for the principal thereof at maturity, and said Mayor
and Council shall create a sinking fund for the payment of said
principal at maturity, and shall levy the necessary taxes there-
for, not exceeding the rate allowed by law, which sinking fund
shall be invested annually in some safe securities, to be selected
by the Mayor and Council.

SEC. 4. And be it enacted, That the Mayor and Council of
Brunswick shall have power to pass all ordinances necessary for
the preservation and protection of said water works, and to
regulate by ordinance the charges for pipes, hydrants and other
water supplies furnished to citizens of said town and to other
persons conducting or carrying on business therein.

SEC. 5. And be it enacted, That the power to issue bonds
herein granted is conditional, and it is hereby provided that the
question of issuing said bonds shall be submitted to the quali-
fied voters of said town at an election to be held therein during
the month of May, in the year 1908, for which election the
Mayor and Council shall provide by ordinance. If the majority