832

LAWS OF MARYLAND.

amount sufficient to pay the interest on the bonds and one
thousand dollars of the principal thereof, and the Mayor and
Council shall thereafter pay annually one thousand dollars of
the principal of said debt, and the said bonds when issued
shall be made to fall due so as to be payable as herein pro-
vided.

Tax collector
shall have
custody of
bonds.

SEC. 5. Said bonds, when signed by the Mayor and attested
by the Clerk, as provided in Section three, shall be handed
over to the tax collector, who shall receipt for the same,
which receipt shall be filed and safely kept by the Clerk to
the Mayor and Council, and the bonds of said collector
shall be responsible for the safe-keeping of said bonds and the
proceeds thereof. The tax collector shall sell said bonds at

Shall sell
bonds at
public auction

public auction at such times and in such amounts as the Mayor
and Council shall order; he shall transfer and deliver the same
as sold to purchaser or purchasers, and receive the money
therefor, and shall report under oath to the Mayor and Coun-
cil his proceedings in the premises with the names of the
persons to whom said bonds have been transferred, together
with the amounts received by him from said sales. Said
moneys shall be credited in the books of the tax collector to
"The Prospect Street Extension Fund," and paid out by him
for the purposes named in this Act.

Shall keep
register of
bonds, etc.

SEC. 6. The Mayor and Council shall cause to be kept a
careful register of the bonds so issued and the transfers thereof,
and as the same are called in and paid off they shall be can-
celled, and a record of such cancellations by numbers, amounts
and names of last holders of said bonds shall be made and
entered upon the books in which said bonds are registered.

Shall submit
to legal voters
of said town.

SEC. 7. And be it further enacted, That the matters con-
tained in this Act shall be submitted to the qualified voters
of Hagerstown for their approval or disapproval, at any elec-
tion to be held in said city on the fourth Monday in March,
in the year nineteen hundred and one. The tickets at said
election shall be marked "For Prospect Street Extension" and
"Against Prospect Street Extension." If at said election the
number of ballots marked "For Prospect Street Extension"
exceeds the number of ballots marked "Against Prospect
Street Extension," then this Act shall be in full force and
effect; if the number of ballots marked ' 'Against Prospect
Street Extension" exceeds the number of ballots marked "For
Prospect Street Extension," then this Act shall be void. And
the Mayor of Hagerstown shall give at least ten days' notice
in at least two daily newspapers, printed in said city, that said
proposition shall be voted on at said election.
Approved April 7, 1900.