ALBERT C. RITCHIE, GOVERNOR. 55

and Council of Grantsville before a, justice of the peace,
as other fines are recovered, or to imprisonment in the
county jail or in the House of Correction for a term of not
less than six months nor more than eighteen months, or
both fine and imprisonment, in the discretion of the justice
of the peace, one-half of such fine to go to the informer and
the balance to the Mayor and Council of Grantsville for the
purposes of this Act.

SEC. 4. And be it further enacted, That for the purpose
of redeeming said bonds at their maturity and for securing
the prompt payment of the interest thereon, the Mayor and
Council of Grantsville shall for the year of the issue of said
bonds and annually thereafter until the maturity of said
bonds, levy a tax on the assessable property of said town,
not exceeding twenty-five cents on the one hundred dollars
to pay the interest thereon, and the sum of one thousand
dollars for the principal of said debt for the payment of
the same at maturity. The said sum of one thousand dol-
lars shall be held and invested by the Mayor and Council
of Grantsville as a sinking fund for the redemption of said
bonds at their maturity; and the said Mayor and Council \
of Grantsville 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 satisfactory
to the said Mayor and Council of Grantsville as to them
may seem best, or in the purchase or redemption of any
of said bonds as may be offered for sale and redemption,
and upon the purchase of any such bonds by the said
Mayor and Council they shall be immediately cancelled by
stamping across their face (cancelled by the sinking fund),
and no portion of said sinking fund so levied shall ever be
diverted to any other purpose than to the purchase and
liquidation of said bonds. The money collected each year
by the treasurer or tax collector on account of taxes to the
extent of said sum of one thousand dollars shall be set
apart for said sinking fund, and a separate account shall
be kept thereof and be deposited to the credit of said fund,
and no part of which shall be chargeable to insolvencies on
account of failure of assessments or collections.

SEC. 5. And be it further enacted, That the money aris-
ing from the sale of said bonds (which bonds shall be sold
either at auction or by sealed bids or at private sale in the
discretion of the Mayor and Council) shall be deposited in