Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1900-04-27
Public Local Laws.
CHAPTER 488.

issue bonds for the purpose Of pr0vid-
ing q proper water supply for said
town.
Section BE 1t enacted by the Gener.
al Assembly OF the State of Maryland
That the Mayor and Council OF the town
of Ken ingtOn, In Montgomery county
Maryland, be. and they are, hereby auth
orized and empowered to cause to be
prepared bonds Of said town OF the par
value OF not to exceed twenty Thousand
dollars ($2O ,0O0), TO be due and payable
in thirty years from the date thereof, or
sooner, at the discretion of the Mayor
and Council, after ten years. TO bear in
terest at the rate Of four l4) per cent
per annum. and TO sell the same in the
open market, provided that none Of said
bonds shall be sold at less than par
Section 2-The said bonds shall be
signed by the Mayor and the clerk and
the treasurer Of said town; and shall
have the seal Of the town attached; shall
be numbered c0nsecutively as sold, and
shall be recorded in suitable book kept
for that purpose, together with the de
nomination Of each, the name Of the pur-
chaser, and the amount received from
the sale thereof. They shall have print
ed on them q direct reference to this
Act and the election directing their is
sue; the interest ON them shall he due
and payable semi.annually on the first
day Of January aud July in each year.
Section 8-Tbat the proceeds Of the
sale OF said bonds shall he applied, first.
to the payment of the necessary expenses
incurred in the prepaI alton and sale
thereof; and, second, to the payment oil
amounts TO become due and payable un-
L. .fu .s,1. hAw a.atI.
rlzed. for providing a suitable and suh1
Gent supply Of water in said town and
furnishing, laying and completing dis
trIbuting mains, gates, hydrants aud
connections, and other apparatus and
appliances necessary for the proper pur
poses Of this Act
section 4-That before entering into
any contract for accomplishment of the
purposes herein set forth, the Mayor and
Council shall secure the services OF An
experience d and competent engineer.
under whose direction and superinten-
dence al: machiu- Ty and supplies shall
be furnished an work done, and who
shall be required to give bond to said
Mayor anu Council in the sum of not
less than five thousand dollars (t5 ,U0O)
conditioned upon the proper and efficient
operation of the entire plant when com.
pleted AMI delivered to the town. and
for one year thereafter, and the expense
OF preparing plans and specifications
and OF superintendence of construction
Shall De paid from the proceeds OF the
sale of the bonds hereby authorized
Section 5-That water shall be fur
nished IN said town for domestic and
other uses, ut rates to be agreed upon;
that the net proceeds from the water
service herein provided for shall be ap.
piled, first. to the payment OF the utter
est on the bonds hereby authorized to be-
Issued and sold; that in case the pro
seeds from said water service shall at
any lime be estimated bY tue Mayor and
Council TO be insufficient for the pay
ment or the interest on bonds as afOre-
said for the ensuing year, the estimated
deficiency in said Interest shall be sea.
ed pro rata against all taxable property
within the corporate limits of the town
accord ng to its assessed valuation in.
GLIDING all improvements, and shall be
levied and collected as other taxeS against
such property; that ~ soon rs there shall
be surplus iE the funds received from
water service, after the payment OF In
terest GU bonds 10 herein provided, said
surplus shall be held In reserve M u sink
ing fund, and shall be applied to the re-
demptIOn Of the bonds herein authorized
to be issued and sold; that in case no
such surplus shall have been created al
the end OF period oil four years from
the issue Ut bonds as herein provided
u in case such surplus snail be less
than four az per cent OF the principal OF
bonds then outstanding, the Mayor aud
Council shall ca SO to be assessed againsl
all property within the curporaLc limits
oil the town, according TO its assessed
Valuation. exclusive of oil In prove
ments, pro rata amount which, with
the estimated amount Vt receipts from
water service, Will be sufficient 10 pay
the interest on the bonds then ouls'und-
ing and four per cent oil the principal
thereof. and the amount thus Assessed
shall be levied and collected 40 other
taxes against such property, and with
any surplus from water service, shall
be held in reserve as sinking fund OF
applied TO the redemption Of the bonds
hereby authorized
sec 6-That in any case the income or
revenue from water service in said town
shall ut any time exceed the amount re.
qulred To pay the interest on the bonds
which may, Tor the time. be outstanding
and four AZ per cent Of the principal
thereof annually, as a sinking or res
demptiou fund, the said surplus may be
applied, at the discretion Of the Mayor
and Council. to the extension or Improve
meIt of the water service
Section THAT at the election TO be
he'd In the town of Kensington, in Mont
nineteen hundred (lSOO). the question
whether or not said town shall issue
bonds to an amount not exceeding TWEEN.
ty thousand dollars 1890 ,OOOl, for the
purpose oi providing proper water
supply for said town, shall bs and 10
hereby directed To be submitted 10 the
legal and qualified voters Jt sui town
In order 10 ADVISE tue athens of sLid
town of the intent OF this Act. II shat
be tue duty oil tue Mayor anu Council "
pub ish IN solne newspaper OF general
circulation III SAID town the sub lance
oil this Act for two weeks previous TO
said . ectiOu, and to give sue. other
notice M tney may deem necessary aud
proper. That al SAID election the ballots
shall have printed on them the wOrds--
"Fnr the issue Ol water binds aud
"a against Ihe issue vi water bouds.n Ii
three-tiitus Ot the ballots Cast shall CON-
tain he words For Tue Issue OF Wa or
bonds" then THIS Act shall become ope
ratlve aud binding; but II over Two ilths
OF said ballots shall contain the words
Against the issue Of water bonds, "then
this Act shall be VOID and OF no I fl CT,
ami the judges VI SAID municipal cleo
ton, or InajJrity OF them, sha,l return
to the Mayor Of said town the nunUri
of ballots cast "For The Issuu water
bonds" and Against the issue OF wa.eI
bonds," resp, c.Ively, and tue Ma, vl
shall publicly SnnUuncs the resuiI
Lhereui