FREDERICK COUNTY. 847

CHAPTER 48.

AN ACT to authorize and empower the Mayor and Alderman
of Frederick to issue and sell bonds for a sum of money not
exceeding thirty thousand dollars, for the purpose of increas-
ing the water supply and facilitating the distribution there-
of, in Frederick, and to provide for the levy and collection
of all taxes necessary for the payment of the interest on said
bonds, and for the creation of a sinking fund out of the
funds derived from water rents, for their payment upon ma-
turity.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Aldermen of Frederick is hereby
authorized and empowered to issue and sell bonds of the said
corporation for a sum of money not exceeding thirty thousand
dollars for the purpose of increasing the water supply, and
facilitating the distribution thereof in Frederick; provided,
that no bonds shall be sold until plans be prepared by an ex-
pert water engineer, and approved by the said the Mayor and
Aldermen of Frederick, which plans, in the opinion of said
engineer, will materially increase the water supply, and facili-
tate the distribution thereof, in all parts of said corporation,
and remedy the defects now existing; and provided further,
that the money arising from the sale of said bonds shall be
used only in carrying out such plans as aforesaid.

SEC. 2. And be it enacted, That the bonds authorized to be
issued under the provisions of this Act, shall be issued in
sums not less than one hundred dollars nor more than one
thousand dollars, each, and each of said bonds shall be paya-
ble twenty years after after date to bearer, redeemable how-
ever, at the pleasure of the Mayor and Aldermen of Frederick
at any time after the expiration of ten years from their re
spective dates, and said bonds shall bear interest in the mean-
time, at a rate not exceeding four and one-half per centum per
annum, payable semi-annually, according to the tenor of the
coupons for said interest to be attached to said bonds; and the
bonds hereby authorized to be issued under the provisions of
this Act, are hereby exempt from municipal and county taxa-
tion, in Frederick County.

SEC. 3. And be it enacted, That the Mayor and Alderman of
Frederick is hereby authorized and empowered to sell said
bonds by bid upon sealed proposals, after having given at least
three weeks' public prior notice by advertisement in at least
two newspapers published in Frederick County, and such other
notice as the Mayor and Aldermen of Frederick may think
proper; provided, however, that said bonds shall not be sold