HERBERT R. O'CONOR, GOVERNOR. 1123

County, and immediate vicinity thereof; to borrow on the
faith and credit of said municipality a sum not to exceed
Forty-five Thousand Dollars ($45, 000. 00); and to issue and
sell bonds to pay for the acquisitions and purchases there-
for; to provide a tax, if such be required, to pay the interest
and redemption of such bonds; to give the Burgess and
Council of Boonsboro general power to operate and maintain
said Water Works or Plant, and directing that the question
of the issuance of said bonds shall be submitted to the
qualified voters of said municipality.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Burgess and Council of Boonsboro, a Municipal
Corporation, be and it is hereby authorized and empowered to
construct, purchase or acquire by condemnation, a system of
Water Works or Plant and to operate and maintain the same
for the use and benefit of the inhabitants of Boonsboro and
the immediate vicinity thereof, for the purpose of supplying
to such inhabitants a suitable and adequate supply of water
for manufacturing, industrial, and domestic purposes, and pro-
tection against fire for said town and immediate vicinity.

SEC. 2. And be it further enacted, That for the purpose of
providing funds for the acquisition, purchase or construction
of said system of Water Works or Plant, the said Burgess and
Council of Boonsboro be and it is hereby authorized and em-
powered to borrow upon the faith and credit of the said town
a sum of money not exceeding Forty-five Thousand Dollars
($45, 000. 00); and to issue and sell bonds, which bonds shall be
designated "Boonsboro, Maryland, Water Bonds", and the
money arising] from the sale of such bonds shall be used
exclusively for the purpose contemplated by this Act.

SEC. 3. And be it further enacted, That the said bonds to
be issued pursuant to this Act shall be dated as of such date
of issuance, shall be of such denomination, and shall bear
such rate of interest, not exceeding four per cent (4%) per
annum as shall be determined by ordinance by the Burgess
and Council of Boonsboro, provided that the interest on said
bonds shall be payable semi-annually, that said bonds shall
mature in not exceeding forty (40) years from the date of
issue, and shall be forever exempt from State, county and
municipal taxation. Said bonds shall be redeemable in whole
or in part as follows: Fifteen Hundred Dollars ($1, 500. 00) of
principal payable each year, after ten years, from the date of
issue, and redeemable in any amount after 15 years, at the
option of said Burgess and Council, such bonds to be signed
by the Burgess and attested by the clerk, with the corporate