ALBERT C. RITCHIE, GOVERNOR 1219

the amount of one thousand dollars in each and every year,
beginning with July 1st in the year 1922, and that the said
bonds, with interest thereon, shall he paid and cancelled by
the said Mayor and Town Council of Oakland, to the amount
of! one thousand dollars, during each and every year, begin-
ning as aforesaid, until the whole of the said bonds shall have
been paid, and the date of issue shall be the same on all bonds
issued under this -Act, which date shall be July 1st, 1920, and
the same shall be advertised by the Mayor and Town Council
of Oakland and sold, or so many thereof as may be necessary
after advertisement, to the highest responsible bidder for
cash, or the said bonds may, after due advertisement, be sold
or so many thereof as may be necessary by sealed bids received
by the Mayor and Town Council of Oakland.

SEC. 4. And be it further enacted, That for the. purpose
of redeeming said bonds at maturity and for securing the
prompt payment of the interest thereon, the Mayor and Town
Council of Oakland shall apply any surplus which may be
received from time to time from the operation of said electric
plant to the payment of interest and principal of the bonds
issued under this Act, as they mature; and should this be
insufficient for that purpose, then the Mayor and Town Coun-
cil of Oakland shall levy annually upon the assessable prop-
erty of said town such additional sum as may be necessary
to pay the interest on these bonds semi-annually and one
thousand ($1.000.00) dollars of the bonds annually, com-
mencing July 1st in the year 1922, as aforesaid; provided,
however, that the Mayor and Town Council of Oakland shall
not levy for this purpose more than twenty-five cents on each
one hundred dollars of the assessable property of said Town
of Oakland, and the funds thus arising shall not be used for
any purpose other than stated in this section.

SEC. 5. And be it further enacted, That for the purpose
of carrying out the provisions of this Act, the right to use
the streets, avenues, lanes, alleys and ways of the Town of
Oakland, and to plant or contract for the use of the neces-
sary poles thereon, is hereby granted to the said Mayor and
Town Council of Oakland.

SEC. 6. And be it further enacted, That the said Mayor
and Town Council of Oakland are hereby authorized and