HOWARD COUNTY. 3083

State and municipal taxes, and shall have printed thereon a reference to
the Act of Assembly authorizing the issue thereof.

1918, ch. 207, sec. 81W.

177. 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 thereon
and the further sum of One Thousand ($1,000.00) Dollars for the pay-
ment of the principal of said debt then next maturing, in addition to the
general levy provided for in Section 150 of this Article. 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 the same in State or other bonds such as are
accepted by 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 Regitsrar, 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.

1918, ch. 207, sec. 81X.

178. 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, together with
the serial numbers of the bonds. 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 Commissioners 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 electric light plant, or to the contractor or contractors
for such construction as shall be due from time to time, or earned by
the contractor in the prosecution of said works; and also from time to time