The Republican. [volume] (Oakland, Md.) 1877-current, 1933-06-22
CHAPTER 27.

Pertaining to the Powers of the Mayor
and Town Council of the Town of
Grantsville authorizing them to
issue and sell bonds fer Con-
structing, Erecting and Maintain
ing System Of Water Works in
said Town of Grantsville.
AN ACT to authorize the Mayor and
Council of Grantsville to issue
and sell bonds for constructing,
erecting and maintaining water
works in said town of Grants
vile, to condemn such land as
may be necessary for the building
of said water works, and to levy
taxes on the assessable property
of said town to redeem said bonds
and to pay the interest thereon,
and to repeal Chapter 282 of the
Acts of 1881, entitled can Act
providing for the issuing and sale
of bonds by the Mayor and Coun-
Gil of Grantsville for constructing,
erecting and maintaining water
works in said town of Grants
vile, condemn such land as may
be necessary for the building of
said works, and to levy taxes on
the assessable property of said
town to redeem said bonds and
to pay the interest thereon"
Section 1. Be it enacted by the
General Assembly of Maryland, That
for the purpose of establishing, con-
structing and maintaining water
works capable of furnishing the res
idents of said town with a good and
sufficient supply of water for ordinary
purposes and for fire protection, the
Mayor and Council of Grantsville be
and they are hereby authorized and
empowered and directed to issue bonds
in the name of the Mayor and Council
of Grantsville to an amount not eX-
ceeding $25,000.00, or so much there
of as may be necessary for the pur-
pose aforesaid. The said bonds shall
be for sums not less than $4,000 each
nor more than 100000 each, to be
signed by the Mayor and President OF
the Council and countersigned by the
Clerk of the said Mayor and Council
with the corporate seal of said town
thereto affixed, bearing interest at
not more than five per centum per an
mum, payable semi-annually in each
and every year and dated on the first
day of their issue. The said bonds
shall be numbered serially. Bond No.
l shall be due and payable three years
from date of issue, and thereafter
each bond shall mature and be paya-
BILE each consecutive year from the
maturity of Bond No. l in the order
of their consecutive numbers; provid-
ed, however, the Mayor and Council
of Grantsville are hereby given the
option to redeem any or all bonds
outstanding ten years from date OF
issue; that all of said bonds issued as
aforesaid shall be due and payable
within twenty-seven years from the
date of their issue, and shall forever
be exempt from all county and munic-
ipal taxation for any purpose, and
shall have printed on them a refer
ence to the Act of Assembly author
izing the issue thereof.
Sec. 2. And be it further enacted,
That the Mayor and Council OF
Grantsville are hereby authorized and
empowered and directed to construct
and erect water works in said town.
and to contract for the purchase in
fee simple or lease for term OF years
renewable at their pleasure, any land,
real estate, springs, brooks, water
courses, streams, and to use and &C.
cupy forever or for term of years
any land, real estate, springs, brooks,
water courses or streams which they
may deem expedient and necessary
for the purposes of furnishing said
'rwn with water, and they are here
by invested with all the rights and
powers necessary for the induction
OF water into the said town. If for
any cause the said Mayor and Coun-
Gil of Grantsville shall be unable to
agree with any owner of real or lease
hold property, springs, brooks, water
streams or water courses or any other
material which partakes of or is q
necessary part of realty, or for any
right of way which they may FIND
necessary for the conduct of said
water system in its entirety into OF
in said town, or if such owner is un-
der any disability OF incapacity tc
contract or absent out of the county
or unknown, the said Mayor ant
Council of Grantsville is hereby