The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1896-05-09
,rBr,1c LOCAL LAW.
CHAPTER 81.

.NACT TO ALLOW LoMEpd IdE dE dE0AE AINEY ANp
ySNY yySNY IN CARROLL COUNTY,
NIylRRYLAND, TO DECIDE BY BAL
10T if WHETHER OR NOT TOWN COY,
P0N BONDS, NOT EACEEDiNG IN IHE
SfGM OF TWELVE THOUSAND M DoL,
StPS SHALL BE ISSUED BY SAID
LLaW2 LaHS2i F0R THE PURPOSE OF PRO-
rTEn;NG A PROPER WATER SUPPLY
F0R SAID TOWN
or,rov |. Be it enacted by the General
,''ambly of Maryland, That at the election
M held in the town of Taneytown, in Car
IN connty. Maryland, ON the first Monday in
War in the year eighteen hundred and ninety
~ s@ far Burgess and Commissioners of said
,aTn. that the question whether or not sald town
'boIl issue coupon bonds to the amount ot
.irs suai, thousand dollars, or less, for the pur-
aose of providing proper water supply for
~ ,oun shall be and is hereby directed to
~ = snbmitted TO the legal and qualified voters
f,oJ town; and in order to advise the citi-
U.ns If said town of the intent of this Act, it
IN be the duty of the Commissioners of
T,neviown to publish in some newspaper or
l.~snaners of general circulation in said
,ogn tbe substance of this Act for two weeks
S,sy;ons to said election, and by such other
rot;ce as they may deem necessary and proper.
SrcrIoy 2 And be it enacted, That the
election provided for in Section One hereof,
IAN he held in the same manner and under
he same rules and regulations as are elections
far Burgess and Commissioners for said town,
and tbe ballots shall have printed on them the |
rord, "For the issue of Water Bonds and |
..Icainst the issue of Water Bonds" The |
,siTTns of said election shall be made in the |
,,me manner as is provided for in the election |
ofmuDcipa officers; and if a majority of the |
votes cast shall be against the issuing of |
Water Bonds, then and in that case no bonds |
han be issued; but if majority of the votes |
cast shall be "For the issuing of Water
Bopds. then the said Burgess and Commis- |
Jiouers may issue said Bonds TO the amount |
oftwelve thousand dollars or less, as herein |
after provided
SEcrIox 9. And b.. it enacted, That if the |
decision by said election shall be for the |
issuing of Water Bonds, the Burgess and |
Commissioners of Taneytown are hereby |
authorized at any time thereafter to borrow, |
on the credit of the town of Taneytown, an
amount not exceeding the sum of twelve thou |
sand 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 |
Treasurer of the corporation, with the seal of |
the said town attached, and TO be registered |
by said Clerk and Treasurer in separate |
book kept for that purpose; said bonds shall
bear interest at the rate of not more than five |
per cent per annum, payable semi-annually, |
on the first day of January and July in each
and every year, 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 Il distinct |
reference TO the Act and the election directing |
their issue. Said bonds shall not be sold for |
less than their par value.
SECTION T. 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 cOnsecutively numbered as the same |
shall be issued.
SECTION s. And be it enacted. That for
the purpose of paving 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 I
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 |
Ofthe principal of said bonds as soon as they |
shall become redeemable. The coupons on |
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-
epal thereof as 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
tor the prompt payment of the interest on said
bonds and the principal thereof when the same
may become redeemabe, and any surplus on
hand at anytime arising from such levy shall |
be, by the said Burgess and Commissioners,
invested IN some safe securities as a sinking |
llnd, which shall not at any time be diverted |
nom 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 |
eS of said town and by them deposited in
some safe banking institution in Taneytown,
Nd, and shall only be drawn therefrom on
checks signed by the Clerk and Treasurer,
and eountersigned by the Burgess, and the
sand Clerk and Treasurer shall keep. in book
for the purpose, a full registry of the bonds
sold the number of the bonds and the name
OF the purchasers and amounts realized on
sale.
SECTION :. And be it enacted, That the
SAID Burgess and Commissioners shall procure
ihe services of some competent water engineer
TO give them plans and specifications in the
erection of water works, reservoirs, condnits.
plugs and all necessary equipment for proper
water worHs and a sufficient supply of water;
ana, after receiving the said plans and speci-
nGa'lons, they shall invite sealed proposals by
advertisement for a 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 |
heni. Said proposals shall get forth the
amount OF money for which the parties pro-
posing will construct such works according to |
a.
Inc time when said water works will be COM
ple'edi and the said Burgess and Commission
ers may reject any and all bids, or award the
contract to any responsible bidder therefor,
a! 4! Their discretion, requiring any accepted |
gluder to give bond in such penalty as said |
burgess and Commissioners shall determine,
y g1ohdinoned for the faithful performance of |
ne e contract entered into, and no partial or
hna payment shall be made to the contractor |
ua!ll and unless the work already done, as far
y M i IS done, shall be strictly in accordance
sl.h The specifications and plans signed and
aeeepted by the contractor.
, SECTION 8. And be it enacted, That upon
,Ge ~ adoption of this Act by the qualified voters
ol ianeytown, that all acts or parts of acts |
,,elaung to the supplying of water to the said
'oSn, be and the same are hereby repealed. |
SECTION 0. And be 1t enacted, That this
Act shall take effect from the date OF its pass
Approved, March 9th, 1896.
LLOYD LOWNDES,
Governor.
WILLIAM CABELL BRUCE,
President of the Senate.
CXnNEX u AfTTnn