Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1896-04-25

the taxable property OF said town such sums
of money shall in their discretion he nee
e>sary for the prompt payment OF the inter
est ON said bonds, and the principal thereof
when same may become due, and any surplus
ON hand at any time arising from such levy.
shall he by the said Mavor and Council
invested in some safe securities aS a sinking
fund, which shall not Mt any time bc divert
ed from the purposes of this act.
SECTION g. And be it enacted. That the
money arising from the sa = e, said bonds
shall he paid to the NAV IT and Council of
said town. and hy them be deposited in the
First National Bank Of Snow Hill. amd shall
only be drawn thcreirom ON checks signed
hv the Mayor and countcrsigned bv the See
retary and Treasurer, and the said secretary
and treasurer shall keep in book for the
purpose full registry of the bonds sold.
the different series, the number OF the bonds,
and the name of the purchaser. and amounts
realized on sale. and any transfer and assign
ments of the same, when requested hy any
subsequent purchaser or purchasers.
SECTION :. Aud he it enacted, That the
said Mayor and Council shall select in their
discretion some depository in which todcpos-
it the money necessary for the payment of
the same may mature and become due; pro-
vded that said Mayor and Council shall
select by resolution said depository before
issuing said honds and shall designate the
same on said bonds, and on the coupon S
thereto attached
SECTION $. And be il enacted That thu
said Mayor and Council shall procure the
services of competent water engineer To
give them plans and specifications in the
erection of water works, reservoir, conduiis.
plugs, and all necessary equipments for
water works and sufficient supply Of water
and after receiving the said plans and spcci-
fications, they shall invite sealed proposals
by advertisements for reasonable time for
the construction and completion OF said
works, which proposals shall be sent in seal
ed envelope addressed to said MAYOR and
Council and by them shall be publicly OPEN
ed on the day named in said advertisement,
said proposals shall set forth the amount OF
money for which the parties proposin. will
construct such works. according to the plans
aud specifications submitted and the time or
tiMcs at which payment therefor shall he
made, and the time when said water works
will he completed, and the said Mayor and
Council may reject any aud ali bids, or
award the contract Ia the lowest responsible
bidder therefor at their discretion rcquirin.
any accepted bidder To give bond in such
penalty as said Mayor and Council shall
determine. conditioned for the faithful per-
formancc OF the contract entered into.
SECTION .. And he it enacted, That thi,
act shall take effect from the date of its
passage.
Approved March -. 1896.
LLOYD LOWNDES,
Governor.
W. CABELL BRUCE,
President of the Senate.
SYDNEY f. MUDn,
Speaker of the House of Delegates.
State ri NalyitHd Set:
III. Frank Ford. Clerk of the Court OF Ap-
peals of Maryland. do hereby certify that the
foregoing is a full and true copy of the Act OF
the General assembly of Maryland OF which it
purports To bc n copy as taken from the Orgi-
nal Law. belonging 10 AMI deposited in the
Office of the Jerk OF the Court of Appeals
aforesaid.
In testimony whereof have hcrcunto set
my hand as Clerk. and affixed the seal Of the
said Court of Appeals, this 18th day of April.
\. ID. ls.si. j. FRANK FORD
Clerk Court Of Appeals OF Maryland.