1516 LAWS OF MARYLAND. [CH. 864

ment of the sum so borrowed by the issuance of the
bonds of said town, and to provide for the payment of
the principal and interest of such bonds, and to authorize
a special tax for such payment.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Burgess and Commissioners of New
Windsor, in Carroll County, be and they are hereby author-
ized and empowered to borrow upon the faith and credit
of said town, a sum not to exceed twenty thousand dollars
($20, 000) for the purpose of extending and enlarging the
water system and supply of said town, and to secure the
repayment of the sum so borrowed by issuing the bonds
of the said town. The said bonds shall be issued in de-
nominations of not less than one hundred dollars nor more
than five hundred dollars, and shall bear interest from the
date of issue at not more than three per centum per annum.
Said bonds shall be signed by the Burgess and counter-
signed by the Clerk to the Burgess and Commissioners of
New Windsor, with the corporate seal of said town affixed.
The said bonds shall be numbered consecutively, and shall
be registered by the Clerk to the Burgess and Commis-
sioners of New Windsor in a well bound book specifically
provided for that purpose.

SEC. 2. And be it further enacted, That the Burgess and
Commissioners of New Windsor are hereby authorized to
provide by ordinance the form of the said bonds; the dates
when they respectively shall mature; the time and place
for the payment of the principal and interest thereof at
maturity, or their redemption prior to maturity, or any
other act or thing not inconsistent with this Act or with the
provisions of Sections 33 to 36, inclusive, of Article 31 of the
Annotated Code of Maryland (1939 Edition), which may
be necessary or convenient to carry out the provisions of
this Act.

SEC. 3. And be it further enacted, That the Burgess and
Commissioners of New Windsor are hereby authorized to
apply any part of the water rents received for the use of
water in said town, not required for the maintenance and
operation of the water system, to the payment of the inter-
est and principal of the bonds issued hereunder, and in
order to provide for the payment of the interest on said
bonds and to provide for their redemption at maturity are
further authorized to levy a special tax on the assessable
property in said town not to exceed twenty cents on the
one hundred dollars, to be collected as other taxes are
collected in said town.