500 LAWS OF MARYLAND. [CH. 21(3

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Mayor and Council of Gaithersburg be, and they
are hereby, authorized, empowered and directed to design and
construct water supply and sewerage systems for the town of
Gaithersburg, including wells, intakes, purification works, res-
ervoirs, pumping stations, elevated tanks, distribution mains,
lateral and main sewers, disposal plants, and all required ap-
purtenances, both within and without the corporate limits of
the town, as the Mayor and Council may deem necessary; to
maintain and operate the said systems; to purchase or con-
demn whatever property, rights-of-way, water rights, or other
facilities that may be required; and to do all other corporate
acts, including the employment of engineering and other serv-
ices, that may be necessary for carrying out the provisions of
this Act.

SEC. 2. And be it further enacted, That the Mayor and
Council of Gaithersburg are authorized, empowered and di-
rected to borrow money on the faith and credit of said town,
not to exceed in the aggregate, for immediate construction, the
sum of $100, 000. 00, and to issue bonds therefor to be known
as Gaithersburg Water and Sewer Bonds. Said bonds shall be
signed by the Mayor and Council of Gaithersburg and their
corporate seal shall be affixed thereto. They shall be either
registered or coupon bonds, shall be issued in such denomina-
tions as the Mayor and Council deem best, shall bear interest
at a rate not exceeding five per cent per annum, payable semi-
annually, shall mature not exceeding fifty years from the date
of issue, and shall be forever exempt from municipal and
county taxation.

SEC. 3. And be it further enacted, That said bonds shall be
sold only to the highest responsible bidder, upon the receipt of
sealed bids, after due and proper advertisement in the public
press; provided, however, that the Mayor and Council may re-
ject all bids if they shall deem such action advisable. The
Mayor and Council may sell all of said bonds at one time, or
they may sell them in more than one series, as they may deem

advantageous in carrying on the work for which the same are
issued. The money arising from the sale of said bonds shall be
kept as a separate fund by the Mayor and Council, to be ex-
clusively used for the purpose of designing and installing the
systems provided for by this Act, and all taxes and assessments,
levied and collected as hereinafter provided for the payment of