The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1896-05-02
LOCAL LAW.
CHAPTER 81.

Town, IN CARROLL COUNTY,
MARYLAND, TO DECIDE BY BAL
LOT WHETHER OR NOT TOWN COU-
pom BONDS, NOT EXCEEDING THE
SUM OF TWELVE THOUSAND DOL
LARS, SHALL BE ISSUED BY SAID
TOWN FOR THE PURPOSE OF PRO
VIDING A PROPER WATER SUPPLY
FOR SAID TOWN
SECTION l. Be it enacted by the General
Assembly of Maryland, That at the election
to be held in the town Of Taneytown, in Car
roll county, Maryland, on the first Monday in
May, in the year eighteen hundred AMI ninety
six, for Burgess and Commissioner of said
town, that the question whether or not said town
shall issue coupon bonds to the amount of
twelve thousand dollars, or less, for the pur-
pose of providing proper water supply for
said town, shall be and is hereby directed to
be submitted to the legal and qualified voters
of said town; and in order to advise the cti-
zens of said town of the intent of this Act, it
shall be the duty of the Commissioners of
Taneytown to publish in some newspaper or
newspapers of general circulation in said
town, the substance of this Act for two weeks
previous to said election, and by such other
notice as they may deem necessary and proper.
SECTION ,. And be it enacted, That the
election provided for in Section One hereof,
shall be held in the same manner and under
the same rules and regulations as are elections
for Burgess and Commissioners for said town,
and the ballots shall have printed on them the
words, "For the issue of Water Bonds and
Against the issue of Water Bonds" The
returns of said election shall be made in the
same manner as is provided for in the election
of municipal officers; and if a majority Of the
votes cast shall be against the issuing of
Water Bonds, then and in that case no bonds
shall be issued; but if a majority of the votes
cast shall be ''For the issuing of Water
Bonds then the said Burgess and Commits
sioners may issue said Bonds to the amount
of twelve thousand dollars or less, as herein
after provided :.
SECTION g. And be 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 aud not more than one thousand dollars,
each to be signed by the Burgess of said town
and TO be countersigned 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 separate
book kept for that purpose; said bonds shall
bear interest at the rate of not more than five
per cent. per annum, payable seml-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 a 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 redeemabe 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 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, eN-
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
a sinking fund to be applied to the payment
of the 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
tn tho IN catl bonds or tho I,rIn-
cpal 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, us shall in their discretion be necessary
for the prompt payment of the interest on said
bonds and the principal thereof when the same
may become redeemable, 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
fund, which shall not at any time be diverted
from the purposes of this Act.
SECTION 6. 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 Taneytown,
Nd, and shall only be drawn therefrom on
checks signed by the Clerk and Treasurer,
and 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
of the purchasers and amounts realized on
sale.
SECTION I. And be it enacted, That the
said Burgess and Commissioners shall procure
the services of some competent water engineer
to give them plans and specifications in the
erection of water works, reservoirs, eonduits,
plugs and all necessary equipment for proper
water works and a sufficient supply of water;
and, after receiving the said plans and speci-
6cations, 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
missioners, 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-
posing will construct such works according to
the plans and specifications submitted, and
the time when said water works will be conf
pleted; 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
the contract entered into, and no partial or
final payment shall be made to the contractor
until and unless the work already done, as far
as it is done, shall be strictly in accordance
with the specifications and plans signed and
accepted by the contractor.
SECTION 8. And be it enacted, That upon
the adoption of this Act by the qualified voters
of Taneytown, that all acts or parts of acts
relating to the supplying of water to the said
town, be and the same are hereby repealed
SECTION 9. And be 1t enacted, That this
Act shall take effect from the date of its pass
age.
Approved, March 9th, 1896.
LLOYD LOWNDES