The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1896-05-16
nnaLro LOCAL LAW.
cHAPTER 81.


NAcT TO ALLOW L.9TEp5 The dE Legal ALAFYo AMp
21MN 2HMANNii m CARROLL COUNTY,
I0nYi I0nnYYii AND. TO DECIDE BY BAL
hAH ,aT WHETHER OR NOT TOWN C0U-
boNI boN R0YDS. NOT EXCEEDING THE
.3yS fgN 2E M TWELVE THOUSAND DOL
Spc SVppc SHALL BE ISSUED BY SAID
LAWN LaWSN FOR THE PURPOSE OF PRO
IImING I2MI1N1G 4 PROPER WATER SUPPLY
FOR SAID TOWN.
,-,ox Be it enacted by the General
ssiiI .lbIr of MARYLAND, That at the election
AsenhIid hoid in the town of Taneytown, in Car
@.onoty us n MARYLAND, on the first Monday in
%l G. ';n6 y he year eighteen hundred and ninety
As'is e. BURGESS and Commissioners of said
~, III hat tbe question whether or not said town
%ap gon ;ssne coupon bonds to the amount of
sua ,l.airs thousand dollars, or less, for the pur
W. If proyiding proper water supply for
ri p;S town. shall be and is hereby directed to
!. snhm;tted to the legal and qualified voters
I'D town; and in order to advise the citi-
ss If said town of the intent of this Act, it
III ta1 he the duty of the Commissioners of
Tanevtown Tan" to publish in some newspaper or
lan,snoners i1r of general circulation in said
.aa. tbe substance of this Act for two weeks
Wv, a.aI;ons TO said election, and by such other
Pot;ce as they may deem necessary and proper.
SECTION 3 And be it enacted, That the
Lotion nroyided for in Section One hereof,
,SalI he held in the same manner and under
,ba same rules and regulations as are elections
ar Burgess and Commissioners for said town,
and The ballots shall have printed on them the
-ords "For the issue of Water Bonds and
"agaipst the issue of Water Bonds" The
,at1rps of said election shall be made in the
ssme manner as is provided for in the election
ofmunieipa officers; and if a majority Of the
Totes east shall be against the issuing of
Water Bonds, then and in that case no bonds
hall be issued; but if majority of the votes
sast shall be ''For the issuing of Water
Bonds,' then the said Burgess and Commits
.;oners NAV issue said Bonds to the amount
oftwelye thousand dollars or less, as herein
sfier provided. mn 80
decision by said election shall be for the
isuing of Water Bonds, the Burgess and
Commissioners of Taneytown are hereby
authorized at any time thereafter to borrow,
an he credit of the town of Taneytown, an
amount not exceeding the sum of twelve thou
sapd dollars. and to issue coupon bonds there
for in sums of not less than one hundred dol
lars and not more than one thousand dollars,
each TO be signed by the Burgess of said town
and to be eountersigned by the Clerk and
Treasurer of the corporation, with the seal of
the said town attached, and to be registered
by said Clerk and Treasurer in a separate
book kept for that purpose; said bonds shall
bear interest at the rate of not more than i've
per cent. per annum, payable semi annually,
on the first day of January and July in each
and every wear, until the said bonds are paid.
Said bonds shall be forever exempt from all
taxation whatsoever except for State purposes,
and shall have printed on them distinct
reference to the Act and the election directing
their issue. Said bonds shall not be sold for
less than their par value.
SECTION 1. And be it enacted, That said
Bonds shall be issued, payable forty years
from the date thereof, and redeemable at any
time after the expiration of seven years from
the date thereof, at the pleasure of the said
Burgess and Commissioners of Taneytown,
Carroll county, Maryland, and the said Bonds
shall be eonSecutively numbered as the same
shall be issued.
Section ). And he it enacted. That for
the purpose of paying the interest on said
Bonds, by them issued under the provisions
Of this Act. as the same shall fall due, and to
gradually redeem and retire such bonds until
they shall all have been redeemed and retired,
the said Burgess and Commissioners are here
by empowered and directed to apply all net
income arising from water rents, after the
expense of any necessary betterments, eX-
tensions or increase of water supply, or proper
repairs are made, first, TO the payment of the
interest on said bonds; and secondly, as to the
remainder, if there be'any, to be invested in
sinking fund to be applied to the payment
of the principal of said bonds as soon as they
,Lo fLa
said bonds shall be receivable by the said
Burgess and Commissioners in payment of
taxes due said town as soon as they become
due and payable. In the event that the said
water rents shall not be sufficient in amount
to pay the interest on said bonds or the prin-
eipal thereof rs soon as it shall become re-
deemable, the said Burgess and Commission
ers shall annually levy on the taxable prop
erty of said town, such sums of money, not
exceeding fifteen cents on the hundred dol
lars as shall in their discretion be necessary
for the prompt payment of the interest on said
bonds and the principal thereofwhen the same
may become redeemable, and any surplus on
hand at anytime arising from such levy shall
be- by the said Burgess and Commissioners,
in some safe securities as a sinking
iund, which shall not at any time be diverted
from the purposes of this Act.
SECTION g. And be it enacted, That the
money arising from the sale of said bonds
shall be paid to the Burgess and Commission
ers Of said town and by them deposited in
some safe banking institution in Ianeytown,
Nd, and shall only be drawn therefrom on
checks signed by the Clerk and Treasurer,
aud countersigned by the Burgess, and the
said Clerk and Treasurer shall keep, in book
for the purpose, full registry of the bonds
sold, the number of the bonds and the name
ofthe purchasers and amounts realized on
sale.
Section I. And be it enacted, That the
said Burgess and Commissioners shallprocure
the services of some competent water engineer
to give them plans and specifications in the
erection OF water works, reservoirs, conduits,
phgs and all necessary equipment for proper
water works and a sufficient supply of water;
and, after receiving the said plans and speci-
heatons, they shall invite sealed proposals by
advertisement for reasonable time for the
construction and completion of said works,
which proposals shall be sent in sealed envel
oPes addressed to the said Burgess and Com
missloners, and by them shall be publicly
opened on the day named in said advertise
ment. Said proposals shall set forth the
amount of money for which the parties pro-
ihe plans and specifications submitted, and
the time when said water works will be COM
pleied; and the said Burgess and Commission
ers may reject any and all bids, or award the
contract to any responsible bidder therefor,
at their discretion, requiring any accepted
bidder to give bond in such penalty as said
burgess and Commissioners shall determine,
conditioned for the faithful performance of
me contract entered into, and no partial or
hnal payment shall be made to the contractor
nntll and unless the work already done, as far
as i is done, shall be strictly in accordance
with the specifications and plans signed and
accepted by the contractor.
SECTION s. And be it enacted, That upon
lhe adoption of this Act by the qualified voters
Of 1aneytown, that all acts or parts of acts
relating to the supplying of water to the said
lown, be and the same are hereby repealed.
sEcrIoN o. And be 1t enacted, That this
age.
Approved, March 9th, 1896.
LLOYD L0WNDES,
Governor.