WM. PRESTON LANE, JR., GOVERNOR. 23

bonds and the proceeds thereof. The Commissioners of
Delmar shall sell said bonds at public auction or by sealed
bids, after giving at least two weeks public notice thereof
in one or more newspapers published in Wicomico County,
and in one or more newspapers published in the City of
Baltimore, at such times and in such amounts as the Com-
missioners of Delmar shall order. The said Treasurer
shall deliver said bonds so sold to the purchaser or
purchasers thereof, and receive the money therefor, including
any premiums and accrued interest thereon, and shall report
under oath to the Commissioners of Delmar his proceedings
in the premises as soon as possible after said delivery,
with the name or names of the purchasers to whom said bonds
have been delivered together with the amount received, and
said money, including said premiums and accrued interest,
if any, shall be immediately thereafter deposited by said
Treasurer in one or more account or accounts in some bank
or banks, trust company or trust companies located in
Wicomico County, said account or accounts to be designated:
"Treasurer of Delmar—Water Fund", and the funds so
deposited shall be applied by the Treasurer of Delmar only
for the purpose specified in this section, whenever he shall
be directed so to do by the Commissioners of Delmar.

65B. The Commissioners of Delmar may pledge to the
payment of the maturing principal and interest of any bonds
issued pursuant to the authority of the preceding section all
or any part of the net proceeds which said Commissioners may
annually receive from the operation of said water system
through the agency of a joint commission established for said
operation by the said Commissioners of Delmar and the Mayor
and Council of Delmar, a body politic of the State of Dela-
ware. The Commissioners of Delmar may authorize and em-
power said commission to impose and collect such water rents
or charges for services as may be deemed proper or as may
be agreed upon with the said Mayor and Council of Delmar
and may further authorize said Commission to pay from the
funds so collected through the imposition of said water rents
or other charges the portion of the expenditures necessary
for the maintenance, repair, improvement and operation of
said water supply system for which the Commissioners of
Delmar may be responsible. In addition to the pledge of said
water revenues, the said Commissioners of Delmar shall, if
necessary, annually levy upon all property in said Town and
subject to assessment for taxation by it an additional ad
valorem tax sufficient to pay the interest on said bonds and
to redeem said bonds as they mature annually; and the money
thus received shall be known and kept as "Treasurer of Delmar
Water Bond Fund", and shall be applied by the Commis-
sioners of Delmar, Maryland, to the payment of the principal