92 LAWS OF MARYLAND.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Council of Easton be and they are
hereby authorized and empowered to purchase of the Easton
Water Company of Talbot County its real estate, capital stock,
springs, reservoirs, water mains, laterals, standpipe, machinery,
meters and water plant and all property connected therewith;
together with all of its rights, privileges and franchises pertain-
ing thereto, upon the terms and conditions agreed upon by the
said Water Company and the Mayor and Council of Easton
and ratified by the voters of Easton at a special election held
December 15, 1913; and

WHEREAS, The Easton Ice Company of Talbot County holds a
lease for ninety-nine (99) years, renewable on a part of the real
estate of said Easton Water Company, which it is thought de-
sirable and expedient that the town acquire for the successful
operation of said plant; and

WHEREAS, The Mayor and Council of Easton have an option
from said Easton Ice Company of Talbot County to purchase
said lease for the sum of Fifteen hundred ($1,500) Dollars,
together with the buildings thereupon erected; therefore,

SEC. 2. Be it enacted, That the Mayor and Council of Easton
be and they are hereby authorized and empowered to purchase
of the Easton Ice Company, aforesaid, the lease which said
company holds on a part of the real estate of the Easton Water
Company, together with the buildings thereupon erected for
the sum of Fifteen hundred ($1,500) Dollars.

SEC. 3. B e it enacted, That in order to consummate the pur-
chases provided for in Sections 1 and 2, that the Mayor and
Council of Easton be and they are hereby authorized and em-
powered to borrow on the faith and credit of the Town of Eas-
ton upon the promissory notes or coupon bonds of said town,
such sums of money as may be necessary to enable them to con-
summate the purchase of the plant and water works of the
Easton Water Company of Talbot County, and the lease of the
Easton Ice Company made to them by the Easton Water Com-
pany; provided, however, that the aggregate sums of money
which may be borrowed shall not exceed Twenty-nine thousand
($29,000) Dollars; and provided, further, that the rate of in-
terest on said promissory notes shall not exceed six per centum
per annum; said bonds shall be coupon bonds and designated
as "Easton Water Bonds," and of the denomination of Five
hundred ($500.00) Dollars each, to be signed by the Mayor and