634 LAWS OF MARYLAND. [CH. 370

Mary's County, State of Maryland, including drilled wells,
receiving reservoir, pumping station, elevated tank and tower,
mains, connections and fire hydrants, to be erected in said
town, and to run and operate the same for municipal and com-
mercial purposes, and for the purpose of acquiring, by pur-
chase or condemnation, whatever property or rights-of-way,
and for doing whatever work is necessary therefor, the said
Commissioners of Leonardtown are authorized and empowered
to borrow money on the faith and credit of said town not to
exceed in the aggregate the sum of sixty thousand dollars,
and to issue bonds therefor, to he known as the "Leonardtown
Water Bonds," said bonds to be signed by the President of
the Commissioners of Leonardtown, with his official seal af-
fixed thereto.

SEC. 2. And be it enacted, That the said bonds shall be
jssued in such denominations as the Commissioners of
Leonardtown deem best, with coupons attached thereto for
the payment of interest thereon semi-annually on the first
days of January and July in each and every year until the
maturity thereof, said coupons to bear the signature of the
President of the Commissioners of Leonardtown printed or
written thereon. Said bonds shall be dated the first day of
July, in the year 1920, shall bear interest from the date there-
of at a rate not to exceed five per cent per annum, payable
semi-annually. and shall be exempt from municipal and
county taxation. The said bonds shall be so issued as to
mature in 50 years from their date. Provided, that if for any
reason the commencement of the work of constructing the
water supply system shall be delayed beyond July 1. 1920,
then the said Commissioners of Leonardtown are authorized
and empowered to date all of said bonds at such period of any
year, in which the work of construction shall be started, as
may be suitable, and to fix the maturity of said bonds a.t 50
years from their date, and provided, further, that the Com-
missioners of Leonardtown may, at their option, redeem any
or all of said bonds at any time after 30 years from their date
of issue.

SEC. 3. And be it enacted, That when said bonds shall be
executed as herein prescribed, the said Commissioners of
Leonardtown shall advertise the same in at least one news-
paper published in the town of Leonardtown, and. if they
deem it advisable, in one newspaper published in the City of