1184 LAWS OF MARYLAND.

CHAPTER 33.

AN ACT to authorize the Burgess and Commissioners of Han-
cock to construct, operate and maintain a system of water-
works and sewerage, for the use and benefit of the inhab-
itants of the town of Hancock, in Washington County, and
immediate vicinity thereof, and to issue and sell bonds to
pay the cost for acquisitions and purchases therefor and the
construction thereof.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Burgess and Commissioners of Hancock be and
is hereby authorized and empowered to construct, operate and
maintain a system of waterworks and sewers for the use and
benefit of the inhabitants of the town of Hancock, in Washing-
ton County, and the immediate vicinity thereof, for the pur-
pose of supplying to such inhabitants a suitable and adequate
supply of water for manufacturing, industrial and domestic
purposes, and protection against fire, and the use of sewers as
may be reasonably necessary for said town and immediate
vicinity thereof.

SEC. 2. And be it enacted, That to raise the necessary money
or funds to pay for the necessary acquisitions, purchases and
construction of said system of waterworks and sewers the said
the Burgess and Commissioners of Hancock be and is hereby
authorized and empowered to borrow upon the faith and credit
of the said town a sum of money not exceeding thirty thousand
dollars, and to issue and sell bonds, which bonds shall be desig-
nated "Hancock, Maryland, Water and Sewer Bonds," and the
money arising from the sale of such shall be used exclusively
under and for the purposes contemplated by this Act.

SEC. 3. And be it enacted, That the bonds authorized by the
preceding section shall be issued in such denominations as the
said the Burgess and Commissioners of Hancock may by ordi-
nance determine, shall bear interest at the rate of five per cent,
per annum, payable semi-annually from the date of their issue,
shall be payable as to principal at the end of thirty years from
the date of issue, and redeemable in whole or in part at the
pleasure of the said the Burgess and Commissioners at the end
of ten years from the date of their issue, such bonds to be
signed by the Burgess and attested by the clerk of the said
Burgess and Commissioners with the corporate seal of the town
attached and registered by the Treasurer of said town in a book
to be kept by him for said purpose. The said bonds shall be
sold by said Treasurer at such times and in such manner and
amounts as the said Burgess and Commissioners may direct,
but shall not be sold for less than their par or face value; they