The Republican. [volume] (Oakland, Md.) 1877-current, 1916-06-01
PUBLIC LOCAL LAWS

fund for the redemption of said bonds
at their maturity, and the said Mayor
and Council of Grantsvile shall, from
time TO time, deposit the money
belonging to said sinking fund and the
increment thereof in some safe deposit
tory, which pays interest on deposits, or
shall invest the same in state or such
other bonds satisfactory to the Mayor
and Council of Grantsvil7 as to them
may seem best. or in the purchase or
redemption Of said bonds as may be of
,sre5 for sale or redemption, and upon
the purchase of any such bonds by the
said Mayor and Council they shall De
Immediately cancelled by stamping
across their face Cancelled by sinking
fund.-, and no portion of said sinking
fund SO levied shall ever be diverted to
any other purpose than to the purchase
and liquidation Of said bonds. The
money collected each year by the treas
urer or tax collector on account of taxes
to the extra said sum Of Two Hundred
and Fifty Dollars (}250) shall be set
apart for said sinking fund. and sepa-
rate account shall be kept thereof and
be deposited to the credit of said fund,
and no part Of which shall be charge
able to lnsoIVencles on account failure
Oh assessments or colIecuohs'
see. .. Ana be 1T enacted, That
the money arising from the sale of said
bonds (which said bonds shall be sold
either at auction or by sealed bids, after
due advertisement thereof to the high
es! responsible bidder, shall be deposit
ed in bank to the Mayor and Council of
OraajsyllIe, ana SUBJECT to their check,
ana the c!eih OF sald town snal keep a
ooSN' 10 DC especiaIiy proVldeH Tor Che
purpose OF the names ana au1i esses OF
the purchasers Oh Ihe oonos soia, ana
tHe amount fe@llz9d on the sales togeth-
or WIN IL!i serial NUMBERS d the DoudS.
SEC. s. And be 1t enacted, Thatin
any prosecution before a Justice of the
Peace under Section 3 Of this Act, the
accused ana tn5 Mayor and Council OF
6rahtsVl.Ie Shail nave the right to an
appear TO the circuit Court Tor Garrett
County. within thirty days, and Il jury
tr'9i. ANY person Or persons convicted
/ peiore Jnstlce OF the Peace under Sec
Jlon or TINS Act who snail be held by
re1og iIzanc9 or be committed to the
county jan TO appear before the next
| regular Jury term 10 the circuit Court
Tor Garrett county.
SEC. 7. And be 1t enacted. That
the Mayor and Council Of Grautsvi,le be
and they are hereby authorized and en-
powered to negotiate. sell and dispose
Of the said bonds as hcreinbefore pro
videa in Section Of this Act, or so many
thereof rs so the Mayor and Council
may be deemed necessary for the pur-
poses of this Act. And the said Mayor
and Council are fully authorized to make
al. necessary rules and regulations, and
to pass all necessary ordinances, with
penalties Tor their violations, and to do
all other necessary acts for the proper
managing maiHt".n,ng ana repairing
saia water WORKS an" sewerage systems
ana Tor tha protection thereof,
SEC. 8. And be it enacted. That
the funds realized from the sale of said
bonds shall be applied 70 the purposes
OF this Act, and shall be paid by check
signed by the Mayor ard President of
the Council and the Mayor and said
Council of GrantsvilIe are hereby author
lied and empowered to pass such orders
for the payment of money due for the
construction Of said water works and
sewerage, or to the contractor or con.
tractors for the construction of the same,
as shall, from time to time, be due or
earned by the contractor or contractors
or parties doing the work in the prose
cution Of said work, and also from time
to time, to pass orders for the payment
of property purchased or condemned.
and for material furnished in pursuance
of the provisions of this Act, and NAV