WM. PRESTON LANE, JR., GOVERNOR. 1937

serial bonds or sinking fund bonds, and the authorities are
authorized and empowered to sell the bonds in any way they
may deem proper, they may be sold either locally over the
counter, or by advertising, to a responsible underwriter after
advertisement, if this latter method is elected.

94V. For the purpose of retiring the bonds issued under
this Act and of paying interest thereon, said municipal au-
thorities may raise the necessary funds to meet such obliga-
tions, either by levying a tax against all the assessable prop-
erty within the municipality served annually so long as any
of the said bonds are outstanding, or may provide for the
whole or any part by the levy of a front foot assessment charge
on all property abutting on a street, road, alley or right-of-
way in which a water main is laid, or may provide for both
the levy of a tax and the levy of a front foot assessment charge,
as above mentioned. The tax so levied shall be sufficient in
amount to meet the interest on said bonds as it becomes due
and to pay the principal thereof as they mature, or such part
of said amount as may not be raised by annual front foot
assessment as hereinafter provided in Section 94W, said tax
to be determined, levied and collected in the same manner as
in the case of other municipal taxes. The taxes levied under
this Act shall have the same priority rights, bear the same in-
terest and penalties, and in every respect be treated the same
as other municipal taxes. In order that the prompt payment
of interest and the proper provision for the payment of the
principal of the bonds issued under this Act shall be assured,
the prompt and proper performance of the duties imposed
upon the tax levying authorities is specifically enjoined, and
any failure upon the part of any person, or persons, body cor-
porate or agent to perform the proper acts and duties in con-
nection with the levy and collection of the necessary taxes, or
the use of any of the funds collected by virtue of this section
for any purpose other than for the payment of the principal
and interest on said bonds, shall hereby be declared a misde-
meanor and punishable as other misdemeanors are punishable
by Section 94AH of this sub-title.

94W. For the payment of all or part of the interest on and
all or part of the principal of the bonds as they mature and
not provided for in the receipts as collected under the pro-
visions of Section 94V, the authorities may levy a front foot
assessment on all property abutting on a street, road, alley or
right-of-way in which a water main is laid. Said assessments
shall be payable annually during the life of the bonds and
sufficient in aggregate amount to pay any part or all of the
interest on outstanding bonds, and to provide for their retire-
ment. Said authorities may provide for the exinguishment by