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Session Laws, 1931
Volume 580, Page 135   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR.                  135

published in Washington County for ten days, and. where to be
paid, and interest shall cease on such bonds called for redemp-
tion from and after the date fixed for redemption. The entire
issue of said bonds shall be exempt from all county and munic-
ipal taxation, and each bond shall refer to this Act of Assem-
bly.

SEC. 4. And be it further enacted, That the Treasurer shall
receive and account to the Burgess and Commissioners for the
proceeds arising from the sale of all bonds made by him, and
shall only disburse or pay out any of such proceeds upon the
order or warrant of the said Burgess and Commissioners, duly
signed by the Burgess and attested by the clerk.

SEC. 5. And be it enacted, That the said Burgess and Com-
missioners are hereby directed to apply the revenues and re-
ceipts arising from water rents and sewerage charges, if any,
first to the necessary care, repairs, betterment and mainte-
nance, enlargement or extension of the water works system and
sewers; and after such expenditures, then to the payment of
the interest on said bonds; and any remainder of such revenue
and receipts to be safely built into a sinking fund to be applied
to the payment of the principal of such bonds as soon as they
become redeemable. And in case the aforesaid revenues and
receipts are insufficient to pay the interest on said bonds when
due, or to redeem said bonds when redemption is called for or
determined upon, the said Burgess and Commissioners are
hereby authorized to apply thereto any receipts from fines and
licenses, or balance of general fund; and are also hereby au-
thorized and empowered to levy on the taxable property of said
town a special tax not exceeding fifty cents on the hundred
dollars to make up the deficit from previously named sources,
and any balance unused from this special tax to go to said
sinking fund, and in no instance shall such moneys be diverted
from the purposes of this Act.

SEC. 6. And be it further enacted, That the said Burgess
and Commissioners are authorized and empowered to contract
for, purchase in fee simple or lease for a term of years, any
land, real estate, spring, brook, water and water courses, to dig,
bore, and sink wells, to erect any and all reservoirs, storage
dams, and standpipes, for the storage of water, as may be nec-
essary and expedient; to lay all pipes and conduits, erect fire
plugs, to purchase all necessary machinery, supplies and ma-

 

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Session Laws, 1931
Volume 580, Page 135   View pdf image (33K)
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