...such basis as it may deem best. Said bonds shall be negotiable as inland bills of exchange and shall bear interest at a rate not exceeding five per cent per annum, payable semiannually on the first days of January and July of each year, the first interest to be payable on the first day...

...is provided "that bjnds shall be issued called the additional waier stock of the City of New York, to bear interest at a rate not exceeding five per cent, per annum, and redeemable in not less thin ten nor imre than fifty years, as the Comptroller shall determine....

...bonds or notes shall constitute a separate loan. Said bonds or notes shall bear interest nntoof at a rate not exceeding five per cent per annum, payable """' semi-annually, and shall be signed by the treasurer of the town and countersigned by the water commissioners hereinafter...

...issue the bonds". The proposition as submitted to the electors stated that the bonds, if voted, should "bear interest at a rate not exceeding five per cent per annum''. Upon a suit to compel the issuance and delivery of the bonds upon a bid therefor, which had been accepted...