HOWARD COUNTY. 3135

the filtered water supply of the aforesaid Hospital, at such location and
under such conditions of payment as may be agreed upon by said Mayor
and Council and Board of Managers, and to do all other corporate acts,
including the employment of engineering and other services, that may be
necessary for carrying out the provisions of this Act.

1922, ch. 469, sec. 2.

333. The Mayor and Council of Sykesville are authorized, - empow-
ered and directed to borrow money on the faith and credit of said town,
not to exceed in the aggregate, for immediate construction, the sum of
$50,000.00, and to issue bonds therefor to be known as Sykesville Water
and Sewer Bonds. Said bonds shall be signed by the Mayor and Council
of Sykesville and their corporate seal shall be affixed. They shall be
either registered or coupon bonds, shall be issued in such denominations
as the Mayor and Council deem best, shall bear interest at a rate not
exceeding five per cent, per annum, payable semi-annually, shall mature
not exceeding fifty years from the date of issue, and shall be forever
exempt from municipal and county taxation.

1922, ch. 469, sec. 3.

334. Said bonds shall be sold only to the highest responsible bidder,
upon the receipt of sealed bids, after due and proper advertisement in
the public press; provided, however, that the Mayor aud Council may
reject all bids if they shall deem such action advisable. The Mayor and
Council may sell all of said bonds at one time, or they may sell them in
more than one series, as they may deem advantageous in carrying on the
work for which the same are issued. The money arising from the sale of
said bonds shall be kept as a separate fund by the Mayor and Council,
to be exclusively used for the purpose of designing and installing the
systems provided for by this Act, and all taxes and assessments, levied
and collected as hereinafter provided for the payment of interest and
principal of said bonds, shall be likewise kept by them as a separate fund.

1922, ch. 4&9, sec. 4.

335. For the purpose of retiring the said bonds authorized to be issued
by this Act, and for payment of the interest thereon there shall be levied,
by the Mayor and Council, against all of the assessable property within
the corporate limits of Sykesville, annually, so long as any of said bonds
are outstanding and not paid, a tax sufficient to meet such part of the
interest and a sinking fund on said bonds as is not met by the assessments
hereinafter provided for. Said tax shall be determined, levied, collected,
and paid over in the following manner: at least 30 days after the tax
levying period of each year the Mayor and Council shall determine the
amount necessary to be raised for the ensuing year for the payment of the
interest and sinking fund on all outstanding bonds, the amount to be
paid into the sinking fund in any one year to be determined by the usual
table of redemption of bonds by annual deposit in a sinking fund on in-