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Session Laws, 1924
Volume 568, Page 185   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 185

interest on said bonds as it matures, and shall then deposit in
some bank or banks in Manchester or Westminster in their
name as a fund to be known as the "Water Supply Sinking
Fund Account, " if sinking fund bonds are used, or as a fund to
be known as the "Water Supply Bond Account, " if serial bonds
are used, the amount so raised for payment of the principal of
said bonds. Should receipts from said taxes or other sources be
inadequate to deposit the principal payment on said bonds, by
reason of defaults or otherwise, such deficiency shall be added

to and collected in the next text year's tax, if sinking fund
bonds are used, or such deficiency shall be made up by a special
tax on all of the property taxed as aforesaid, if serial bonds are
used. The Mayor and Common Council of Manchester are au-
thorized to pay the interest on any bonds that they issue prior
to the first tax levying period out of the proceeds of the sale of
said bonds. In order that the prompt payment of interest and
the proper provisions for the payment of the principal of said
bonds shall be assured, the prompt and proper performance of
the respective acts and duties heretofore defined is specifically
enjoined, and failure upon the part of any person, persons,
body corporate or agent to perform the necessary acts and
duties hereafter set forth, to pay over the said funds as re-
quired, or to use said funds or any part thereof for. any other
purpose than the payment of the principal and interest on said
bonds, is hereby declared a misdemeanor and punishable as
other misdemeanors are punishable, by Section 16 of this Act.

SEC. 6. And be it further enacted, That whenever the plans
and specifications for said water supply system for said town
shall have been completed, and said Mayor and Common Coun-
cil of Manchester shall have decided, after opportunity for a
hearing has been given, to proceed with the construction, they
shall advertise by notice in such newspapers and technical press
as they may deem proper, for bids for the construction of said
system, in parts or as a whole, as in their judgment may ap-
pear advisable. The contract shall be let to the lowest respon-
sible bidder, or the Mayor and Common Council of Manchester
may reject any or all bids, and. if in their discretion the prices
quoted are unreasonable, they may re-advertise the work or
any part of it, or may do any part or all of the work by day
labor, provided that at any time the Mayor and Common Coun-
cil of Manchester may, in their discretion, expend by day labor
for construction work an amount not exceeding $1, 000 without
advertising or receiving bids. The Mayor and Common Coun-
cil of Manchester may purchase the necessary pipe, fire hy-

 

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Session Laws, 1924
Volume 568, Page 185   View pdf image (33K)
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