HERBERT R. O'CONOR, GOVERNOR. 667

bona fide offer of sale of the said water system, then the said
Commissioners shall also include in said publication such
selling price as may be set forth in the said offer. The said
Commissioners shall call a special election of the qualified
voters of the said Town, entitled to vote in Town elections,
to be held not less than ten (10) nor more than twenty (20)
days following the date of the said publication at which said
election there shall be submitted to the said qualified voters
the question—"Whether or not The Commissioners of Bel Air
shall acquire from The Maryland Water Works Company the
water system, located in the Third Election District of Har-
ford County", and the said Commissioners shall give public
notice of the call of the said election at the time of the pub-
lication of the information as hereinabove provided for. The
ballots to be used in said election shall be prepared in the
same manner as ballots are now prepared for elections in the
said Town.

139D. If on a canvass of the ballots cast at the said elec-
tion it shall be found that a majority of the votes cast by
the qualified voters at the said election are in favor of the
acquisition of the said water system then the said Commis-
sioners shall thereupon proceed to acquire the said water
system under and according to the provisions of this Act,
and for the purpose of providing the said Commissioners
with the funds necessary for such acquisition, and also with
funds for the extension and improvement thereof, and with
working capital for the operation of the said water system,
the said Commissioners be and hereby are authorized and
empowered to issue bonds to an amount not in excess of
two hundred thousand dollars (f200, 000. 00), and to sell
the same in whole or in part, and to apply the proceeds
thereof for any or all of the purposes of this Act, the said
bonds to be exempt from all Town, County and State taxes,
such bonds to be in such denomination or denominations,
to be payable at such time or times, and to bear such
rate of interest, not to exceed three percentum (3%) per
annum, as the said Commissioners shall by resolution pre-
scribe, said bonds to have attached thereto interest coupons
bearing the facsimile signature of the Treasurer of the Town
of Bel Air and to be payable semi-annually. Said bonds
shall be signed by the President of The Commissioners of
Bel Air and by the Treasurer of the Town of Bel Air, and
shall be sealed with the seal of the Town of Bel Air. The
said bonds may be sold by the said Commissioners in their
discretion but if such sale be at a price less than the princi-
pal amount thereof then the aggregate amount of the interest
thereon, together with the amount of the sales discount from