Catoctin clarion., 1910-01-20
than par or the face value thereof.

the said The Citizens Electric Light
Il Power Company the hords to be
issued under the provisions of this
Act at the par value of such bonds to
an amount equal to the full paid
shares of stock held severally by the
stockholders of said Company in pur-
suance of the terms of the agreement
and the provisions Of the ordinance
authorizing the said The Citizrns'
Electric & Power Company to erect
said plant and use the streets, lanes
and alleys Of said town in connection
with the operation thereof.
SECTION 4.--And be It Enacted, That
the proceeds OF the sale of the bor d.
hereby authorized to he issued Shall
be applied to the purchase, equip
ment and maintenance of said II, c.
trio Light and Power plant.
SECTION 5.-And be 1t En- rtc3. That
the said The Commissioners of Thur
mont shall have power and author, ty,
and are hereby required TO levy all
necessary taxes upon tn pop rty
within the taxable limits IF said cor
poration of Thurmont, for the pay
ment of the interest on the bonds
hereby authorized to be issued, as
well as for the payment of the said
bonds at maturity, and shall create Il
sinking fund for that purpose and
levy the necessary taxes therefor.
SECTION 6.-And be It Eaated. That
before this Act shall become operative
to authorize the said The Commits
sioners of Thurmont to issue said
bonds the question shall be submitted
to the qualified voters of Thurmont
at the regular general election to be
held in April, 1910, for approval or
rejection by such qualified voters and
in pursuance of the provisions of an
ordinance to be passed h for, of
which election and the fact that the
question is to be submitted to the
voters notice shall be given for at least
ten days previous to such election,
posted in five or more public places
in said town, and also by at least one
insertion in newspaper published
in said town, explaining to the ual-
flied voters the question to be sub
mitted, at which election the quail
fled voters of Thurmont shall deter
mine by ballot whether the bonds
hereinbefore provided for shall be
issued or not; and at which election
there shall be written or printed on
the ballots of said voters the words
"For issue of bonds" or Against
issue of bonds," and if a majority OF
the ballots cast shall contain the
words For issue of bonds," then
this Act shall become operative and
binding, but if majority of said
ballots shall contain the words
against issue of bonds,' then this
Act shall be void and of no effect;
and the judges of said municipal
election, or a majority of them, shall
return to the Mayor of said town the
number of ballots cast For issue of
bonds, and Against issue of bonds"
respectively, and the said President
of the Board of Commissioners shall
announce the result thereof.
SECTION And be It Enacted, That
if for any reason the question OF Il e
issue of bonds, as hereinbefore pro-
vided, shall not be submitted to the
qualified voters at the regular general
election to be held in April, 1910,
then it shall be lawful, and the said
The Commissioners of Tburmont are
hereby authorized to cause a special
election to be held in Thurmont, at
such time and place as may be fixed
by all ordinance for that purpose,
and shall appoint three judges of
election, who shall conduct the same,
in the manner prescribed by said
ordinance, after giving at least ten
days notice thereof, posted in five or
more public places in said town, and
inserted at least once in the news
paper published in said town, if any,
at which said special election the
qualified voters of Thurmont shall
determine by ballot whether the
bonds hereinbefore provided for shall
be issued or not; and at which said
election there shall be written or
printed on The ballots of said voters
the words "For issue of bonds," or
Against issue of bonds," and if a
majority of the ballots cast shall con-
tain the words For issue of bonds, !"
then this Act shall become op' rative
an, b.nding, but if majority of said