ART. 15.] KENT COUNTY. 879

of the years beginning with the tenth day of July, 1913, and
each year thereafter until fully paid. Said bonds to be num-
bered consecutively, and to be redeemed in the order in which
they are numbered.

SEC. 2. And be it enacted, That said Commissioners of Ches-
tertown are authorized and directed to advertise at least once a
week for four successive weeks in three newspapers published in
Kent county for sealed proposals for the negotiation of said
bonds, and on a certain day to be named in said advertisement,
said Commissioners of Chestertown shall in the presence of such
persons as may be interested in said bid, open all bids received,
and award the bonds to the highest bidder; provided, no bid
less than par shall be accepted.

SEC. 3. And be it enacted, That the said sum of thirty thou-
sand dollars, or so much thereof as may be necessary for this
purpose, shall by the said Commissioners of Chestertown be
used and applied exclusively to the purchase of the entire prop-
erty, rights and franchise of the Chestertown Water Company,
and to additions and improvements of same; provided, the said
Commissioners of Chestertown can purchase the entire prop-
erty of the Chestertown Water Company at the sum of twentv-
four thousand dollars ($24,000).

SEC. 4. And be it enacted, That after repairs, maintenance
and running expenses are paid out of the water rents from said
water works purchased, the money and net revenue received
therefrom shall be applied to the payment of the interest on
said bonds as said interest may mature, and all surplus revenue
from said water works purchased accruing prior to the date
when said bonds shall be redeemable as hereinbefore provided,
shall constitute a sinking fund, to be applied by the Commis-
sioners of Chestertown to the redemption of said bonds when
redeemable, and should said water rents or revenues be insuffi-
cient in any year to pay the interest on said bonds and one-
thirtieth part of the principal as it matures, the Commission-
ers of Chestertown are hereby authorized and directed to levy
and collect annually a tax upon the taxable property in Ches-
tertown for a sum as will, with the net water rents or revenues
for water works provide for the payment of the interest on said
bonds as the same matures, and one-thirtieth part of the prin-
cipal of said bonded debt then outstanding, so the whole of said
bonds and interest may be provided for and paid in the time
hereinbefore limited.

SEC. 5. And be it enacted, That at the next regular election
for Commissioners of Chestertown there shall be submitted to
the qualified voters of Chestertown, the question whether the