HOWARD COUNTY. 3079

and shall have printed thereon a reference to the Act of Assembly author-
izing the issue thereof.

1914, ch. 836, sec. 81-O.

169. For the purpose of redeeming said bonds at their maturity and
for the securing of the prompt payment of the interest thereon, the Com-
missioners of Ellicott City shall, for the year of the issue of the bonds
and annually thereafter until the maturity of all of said bonds, levy taxes
on the assessable property of said City sufficient to pay the interest there-
on and the further sum of One Thousand ($1,000.00) Dollars for the
payment of the principal of said debt then next maturing. The said sum
of One Thousand ($1,000.00) Dollars shall be held and invested by the
Commissioners of Ellicott City as a sinking fund for the redemption of
these bonds at maturity; and said Commissioners of Ellicott City 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 same in State or other bonds such as are ac-
cepted by the equity courts for the investment of trust funds, as to them
may seem best, or in the purchase or redemption of any of said bonds
issued under the provisions of this Act as may be offered for sale or
redemption, and, upon the purchase or redemption of any of said bonds,
the said Commissioners of Ellicott City shall immediately cancel same
by marking across their face "cancelled by sinking fund." No portion
of said sinking fund so levied shall ever be diverted to any other purpose
except the purchase and liquidation of said bonds. Out of the taxes col-
lected each year by the City Registrar, there shall be set aside the sum
of One Thousand ($1,000.00) Dollars for said sinking fund, and no
part of the same shall be charged with any insolvency on account of the
failure of assessments or collections.

1914, ch. 836, sec. 81P.

170. The money arising from the sale of said bonds, which bonds shall
be sold at public auction or by sealed bids, after due advertisement, to
the highest responsible bidder, shall be deposited in some bank or banks
to the credit of the Commissioners of Ellicott City, subject to their check;
and the Registrar of said Ellicott City shall keep in a book especially
provided for that purpose the names and addresses of the purchasers of
the bonds sold and the amount realized from the sale of said bonds, to-
gether with the serial numbers of the bonds.

1914, ch. 836, sec. 81Q.

171. The funds realized from the sale or sales of said bonds shall be
applied to the purpose of this Act, and shall be withdrawn from said
bank or banks by a check or checks signed by the President of the Com-
missioners of Ellicott City and countersigned by the City Registrar; and
the said Commissioners of Ellicott City are hereby authorized to pass
such orders for the payment of money due for the construction of said