1544 LAWS OF MARYLAND. [Ch. 790]

one-half of such fine to go to the informer, and the balance to
the town of Takoma Park for the purposes of said water works
and sewer system.

1898, ch. 125, sec. 6,

632. That for the purpose of redeeming said bonds issued
under Acts of 1898, ch. 125, at their maturity, and for secur-
ing the prompt payment of the interest thereon, the town of
Takoma Park shall, for the fiscal year next ensuing the issue
of said bonds and annually thereafter, until the maturity of the
same, levy a tax on the assessable property of said town suffi-
cient to pay such part of the interest thereon, if any, as may
not be met by the income from said improvements, less all neces-
sary expenses, and in addition thereto the sum of five hundred
dollars for the payment of the same at maturity. The said
sum of five hundred dollars (which may be increased from
time to time, if the said council of said town shall deem it
advisable) shall be held and invested by said town as a sink-
ing fund for the redemption of said bonds at their maturity;
and the said town shall from time to time deposit the money
belonging to said sinking fund and the increment thereof in
some safe depository which pays interest on deposits, or shall
invest the same" in such safe investments as to them may seem
best, or in the purchase or redemption of such of said bonds
as may be offered for sale. And upon the purchase of said
bonds by said town, they shall be immediately cancelled by
stamping across their face "Cancelled by the sinking fund,"
and no portion of said sinking fund so levied shall ever be
diverted to any other purpose than to the purchase of said
bonds. And should any official of said town, or any person
having charge of said sinking fund, suffer or permit the same
or any part thereof to be applied to any other purpose than
line investment for the purchase of said bonds, the party so
offending shall be deemed guilty of misdemeanor, and on con-
viction thereof shall be fined not less than the amount so mis-
applied. The money collected each year on account of taxes
to the extent of said sum of five hundred dollars shall be set
apart for said sinking fund, and a separate account to be kept
by said town, and deposited to the credit of said fund, and
no part of which shall be chargeable with insolvencies on
account of failure of assessments or collections.

633. To redeem the bonds issued under the Acts of 1898,
Chapter 125, 1900, Chapter 292, and 1902, Chapter 237 said
town shall annually levy upon the assessable property of said
town a tax sufficient to pay the interest thereon, and the prin-