ALBERT C. RITCHIE, GOVERNOR. 135

000. 00), for the purpose of constructing and maintaining a
water distributing system in said town and to levy on the
assessable property of said town to redeem said bonds and to
pay the interest thereon, and to provide for the establishing
of a Water Board for said town, defining their duties and
powers, including the power of condemnation, and to pro-
vide for the submitting of the question of said proposed bond.
issue to the legally qualified voters of said town.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That for the purpose of establishing, constructing
and maintaining a water distributing system capable of furnish-
ing the residents of Funkstown, in Washington County, Mary-
land, with a good and sufficient supply of water, the "Burgess
and Commissioners of Funkstown" be, and they are hereby,
authorized and directed to borrow money on the credit of said
town to an amount not to exceed the sum of fifteen thousand
dollars ($15, 000. 00), and to issue registered bonds of said town
in payment of said sum, or so much thereof as is necessary for
the establishment and construction of the said water distribut-
ing system, and the accrued interest on said bonds. The said
bonds shall be issued in denominations of not less than one
hundred dollars ($100. 00), nor more than one thousand dollars
($1, 000. 00), and each of said bonds shall be sealed with the
corporate seal of said town and shall each be signed by the Bur-
gess and countersigned by the Clerk to the Burgess and Com-
missioners and shall be registered by said Clerk in a book to be
especially provided for that purpose; said bonds to bear inter-
est not exceeding the rate of five per cent, (5%) per annum,
payable semi-annually, by said "Burgess and Commissioners of
Funkstown. " The said bonds shall be issued at such times and
for such term of years as the Burgess and Commissioners shall
determine. The said bonds shall be sold either at public or
private sale as the said Burgess and Commissioners shall de-
cide is for the best interest of the taxpayers of said town, and
shall be sold for cash and for not less than their par value;
they shall be exempt from all State, County and Municipal
taxation, and shall have printed on them a distinct reference
to the Act of Assembly authorizing their issue.

SEC. 2. And be it further enacted, That the "Burgess and
Commissioners of Funkstown" are hereby authorized and di-
rected to levy and collect all necessary taxes on the assessable
property within the corporate limits of said town for the pay