PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 325

A. D. 1952, but shall contain this endoresment—namely that
the "Mayor and Council of said Pocomoke City" shall have the
full right and privilege upon thirty days' notice to the holder
or holders thereof to pay any or all bonds issued under this
act at any time or times after the first day of 'July, 1932. And
whenever any bond or bonds shall have been paid or redeemed
it or they shall be cancelled and destroyed by the Mayor and
Council of Pocomoke City, and a note thereof made on the
minute book of the office.

SEC. 3. And be it enacted, That when the said bonds shall
be properly prepared and duly executed, as herein prescribed,
the said "Mayor and Council of Pocomoke City" shall adver-
tise the same in two newspapers published in said Pocomoke
City, in a newspaper published in Baltimore City, and by such
other advertisement as they may deem proper and advisable,
inviting sealed proposals for the purchase of said bonds, or any
part thereof, with the privilege to the said Mayor and Council
to reject any and all bids; provided, that no bid shall be
accepted at less than par, together with such interest, if any,
as may have accrued from the first day of July, 1912, the date
of said bonds. The Mayor and Council of Pocomoke City
aforesaid may advertise the said bonds for such length of time
as in their discretion is adequate notice to the public, and may
offer all said bonds for sale at the same time, or may offer them
at different intervals in such installments and amounts as they
may deem advantageous to the city in carrying on the work for
which the same are issued. The money arising from the sale
of said bonds, as well as that collected from assessments made
on abutting property, as hereinafter provided, shall be kept as
a separate fund by the city treasurer, to be exclusively used for
the purposes of this act, and all taxes levied and collected; as
hereinafter provided for the payment of the interest and prin-
cipal of said bonds shall likewise be kept as a separate fund by
said officer.

SEC. 4. And be it enacted, That the "Mayor and Council
of Pocomoke City" are hereby authorized, empowered and
required to levy annually upon the assessable property of Poco-
moke City a tax sufficient to pay the interest on said bonds by
them to be issued in pursuance of this act, and are also author-
ized, empowered and required to levy upon the assessable prop-
erty of said city a tax sufficient to pay the principal of said
bonds at their maturity, said entire special tax not to exceed
the rate of twenty cents on each one hundred dollars of assessed
property. The tax hereby authorized is for the special purpose
herein stated, and is in addition to the tax levied for general