2216 ARTICLE 10.

dollars, of such form and denominatior. as said Commissioners may direct,
but no bond shall be issued for a sum less than one hundred dollars. The
said bonds shall bear interest at the rate of five per cent, per annum, pay-
able semi-annually. On the first day of January, 1901, all the interest
then accrued shall be paid, and the interest due on the first day of July
in said year shall on said day be also paid, and thereafter in every year
the interest shall be paid on the first day of January and the first day
of July, while the bonds are outstanding and still owed.

The said bonds shall be exempt from county and municipal taxation,
and they shall be divided into classeis. One-half of the amount issued
shall become due at the end of ten years, from the first day of July, A. D.
1900, and the second half shall be payable on or before the first, day of
July, A. D. 1920; that is to say; the Commissioners may, in their dis-
cretion, pay off any of the bonds of the second class at any time after
the first day of July, A. D. 1910, and the bonds shall so provide. The
Commissioners shall pay the interest on the said bonds out of the taxes
levied or received for corporate purposes, and they shall annually set
apart, out of the moneys received from the County Commissioners or out
of any other funds for corporate purposes belonging to the Town Com-
missioners, the sum of five hundred dollars to provide a sinking fund for
the payment of said bonds as they mature and become payable, and the
Commissioners shall invest the said sums, so annually set apart as a
sinking fund, in first mortgage on Maryland real estate, in Maryland
State bonds in Dorchester County, or in bonds issued by the Town of
Cambridge. A separate account shall be kept by said Commissioners of
said fund, and the money appropriated as a sinking fund shall under no
circumstances be used for, or appropriated to, any other purpose what-
soever, and such moneys shall not be expended by the Commissioners for
any cause or object except to pay off or take up the bonds issued under
the authority of this sub-section. And if the Commissioners shall refuse
or fail to set apart the sum of five hundred dollars in each and every year,
as aforesaid, to provide a sinking fund, or shall appropriate or expend
said fund, or any part thereof, for any purpose whatsoever, except for
the purpose of taking up or paying off the bonds hereby authorized to be
issued, each and every one of said Commissioners who consents to the
misappropriation of the money belonging to said sinking fund shall be
guilty of a misdemeanor, and on conviction thereof he shall be fined or
imprisoned, as the court or justice trying the case may determine; pro-
vided that the Commissioners shall not be fined more than one hundred
dollars or to be imprisoned in the county jail for more than six months
for each offense. Any fine imposed under this sub-section shall be paid
to the town treasurer for corporate purposes.

FIXES AND PENALTIES.

1900, ch. 330. sub-sec. AX. 1914, ch. 680, sub-sec. AX.

102. No ordinance, passed by the Commissioners of Cambridge, shall
for any one offense, impose a fine of more than three hundred dollars, or