HARRY W. NICE, GOVERNOR. 921

obligations and floating debts now due by the said Commis-
sioners of Ridgely aggregating the principal amount of
twenty-four thousand and one hundred dollars ($24, 100. 00),
together with all interest due and owing thereon, which
indebtedness is now due and owing unto sundry persons, cor-
porations or banks by the said municipal corporation; and,
second, the balance of such proceeds arising from the sale of
said bonds shall be used by the said Commissioners of Ridgely
to improve, construct, repair, extend or enlarge the present
sewerage and/or water systems of said municipal corporation,
and/or for the improvement, construction, repair, extension
of any public streets, curbs or gutters lying within the cor-
porate limits of the said municipal corporation, and/or for
any other public improvement or improvements within the said
municipal corporation which may, in the discretion of Com-
missioners of Ridgely, be deemed needed or desirable for the
convenience, health or safety of the inhabitants of the said
municipal corporation; provided, however, that no purchaser
or purchasers of any bonds under the authority contained in
this Act shall be in any manner responsible for the proper
application of the proceeds arising from the sale of the said
bonds, and the application of the proceeds from the sale of
said bonds shall, in no way, affect or impair the legality, obli-
gation, and/or title of such bonds.

SEC. 6. And be it further enacted,. That for- the purpose of
securing the prompt, payment of all installments of interest oil
the said bonds, as the same shall become due semi-annually,
as aforesaid, and for the purpose of redeeming the said bonds
at maturity, Commissioners of Ridgely are hereby authorized
and directed to levy annually a special tax upon all the
assessable property of the said municipal corporation, which is
subject to taxation, in such sum or sums as may be necessary
and sufficient to pay the interest on all of the said bonds semi-
annually, and to redeem One Thousand Dollars ($1, 000 00) of
the said bonds annually, commencing one year from the date
of the issuance of such bonds, until the same have been fully
redeemed and retired, and paid in full, together with all
interest thereon, and the said special tax hereby authorized
and directed to be levied in this section shall be in addition
to the amount of tax already heretofore authorized to be levied
by the Charter of Commissioners of Ridgely, or that may
hereafter be authorized to be levied by Commissioners of
Ridgely, and such special tax shall be collected at the same
time and in like manner as other taxes levied in said municipal
corporation are collected, and that upon the redemption of all
of said bonds and the payment of all the interest thereon, as
aforesaid, then this special tax herein provided for shall cease.