838 LAWS OF MARYLAND.

building of said works, and to levy taxes on the assessable
property of said town to redeem said bonds and to pay the
interest thereon.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That for the purpose of establishing, constructing and
maintaining water works capable of furnishing the residents of
said town with a good and sufficient supply of water for ordi-
nary purposes and for fire protection and .for establishing,
erecting, constructing and maintaining a sewerage system in
said town for drainage and sewerage purposes, the Mayor
and Town Council of Oakland be and they are hereby author-
ized and empowered and directed to issue bonds in the name of
the Mayor and Town Council of Oakland to an amount not ex-
ceeding $60,000.00, or so much thereof as may be necessary for
the purposes aforesaid. The said bonds shall be for sums not
less than fl,000.00 each, nor more than fl,000.00 each, to be
signed by the Mayor and President of the Town Council and
countersigned by the clerks of the said Town Council with the
corporate seal of said town thereto be affixed, bearing interest
at not more than five per centum per annum, payable semi-
annually in each and every year and dated on the first day of
their issue. The said bonds shall be numbered serially. Bond
No. 1 shall be due and payable two (2) years from date of
issue, and thereafter each bond shall mature and be payable
each consecutive year from the maturity of Bond No. 1 in the
order of their consecutive numbers; provided, however, the
Mayor and Town Council of Oakland are hereby given the
option to redeem any or all bonds outstanding twenty-five (25)
years from date of issue; that all of said bonds issued as afore-
said shall be due and payable within sixty-one years from the
date of their issue, and shall be forever exempt from all county
and municipal taxation for any purpose, and shall have printed
on them a reference to the Act of Assembly authorizing the
issue thereof.

SEC. 2. And be it enacted, That the Mayor and Town Coun-
cil of Oakland are hereby authorized and empowered to con-
struct and erect water works and sewerage from said town, and
to contract for the purchase in fee simple or lease for a term
of years, renewable at their pleasure, any land, real estate,
springs, brooks, water courses, streams, and to use and occupy
forever or for a term of years any land, real estate, springs,
brooks, water courses or streams which they may deem ex-
pedient and necessary for the purposes of furnishing said town
with water and maintaining said sewerage, and they are hereby
invested with all the rights and powers necessary for the in-