938 LAWS OF MARYLAND.

lations for the use or occupancy of the streets, avenues, reser-
vations and parkings of said town by any railroad, tramway,
vehicles, telegraph, telephones, electric lighting or power lines,
or electric, gas or water conduits or mains, poles and wires, or
other public utilities, and may impose upon any individual or
corporation so using the same a reasonable annual retal for the
use of the said franchise for any of the purposes above men-
tioned, and such conditions and regulations as shall secure the
least public or private inconveniences, and they shall provide
for the enforcement of such conditions and regulations. (11)
To purchase, lease, receive or acquire by condemnation or
otherwise such, real and personal property as the council may
deem necessary or proper for municipal purposes, including
children's playgrounds, and to control, dispose of and convey
the same for the benefit of the town; to purchase, lease or erect
and maintain such building or buildings for municipal pur-
poses as they may deem necessary and proper; to construct,
maintain and operate public works for supplying the town
with artificial light, water or other purposes which they may
deem necessary, proper and beneficial for said town, or to con-
tract with any person or persons, corporation or other authori-
ties for supplying said town and the inhabitants thereof with
water, gas or electricity, and in general to pass such ordinances
as may be necessary for said purposes.

SEC. 6. The council shall have authority to incur indebted-
ness in excess of the annual revenue of the town not exceeding
five per centum of the assessed value of all real estate within
the corporate limits, and shall whenever such debt is created
provide for the payment thereof by the issuing of certificates
of indebtedness bearing such rate of interest as the council
may approve, which certificates of indebtedness shall be paya-
ble within twenty years after their date, in the discretion of
the council; provided, however, that no such indebtedness shall
be incurred, except as follows: The council shall by ordinance
passed by yea and nay vote specify the particular purpose for
which the indebtedness is to be created, the rate of interest, the
manner of payment of the debt, and it shall be provided in said
ordinance for submission of the creation of this debt to the
bona fide resident real estate taxpayers of the town of Wood-
mont at a town meeting, notice of which said town meeting,
giving its time, place and purposes, shall be posted in five con-
spicuous places in the town, and published in some newspaper
in Montgomery county in general circulation once a week for
three successive weeks next preceding said meeting and printed
notice of said meeting also to be mailed to each resident tax-
payer whose name appears upon the assessor's books of the
town. The notice and publication shall recite the ordinance