268

LAWS OF MARYLAND.

the clerk to the Mayor and Council, with the seal of the town
attached, and registered in a book to be kept by the said clerk,
each series to be kept separate and distinct from every other
series, and to bear interest at the rate of 4 per cent, per annum,
payable on the first days of January and July in each and every
year until the principal of said bonds is paid, said bonds to be
sold at public auction at such times and in such amounts as
shall be requested for the Mayor and Council by the board of
street commissioners; provided, that the whole amount of said
bonds issued shall not exceed the amount previously ascertained
to be the Mayor and Council's portion of the cost of paving that
particular street, lane or alley, or portion thereof, for the pav-
ing of which said series was issued, said bonds not to be liable
to county municipal taxation.

Tax to pay
interest and
principal.

182 F. And to provide for the payment of each series of
bonds, as authorized by section 182 E, as they shall mature and
for the payment of the annual interest thereon, there shall be
levied by the Mayor and Council annually for three years for and
after the year of issue of each series, an amount sufficient to pay
the interest on said bonds issued as herein provided; and at
the expiration of said three years from the date of issue of each
series, and thereafter annually until each series is fully paid,
the Mayor and Council shall levy an amount sufficient to pay
the interest on each series of bonds and two hundred dollars of
the principal of each series, and the said bonds when issued
shall be made to fall due so as to be payable as herein pro-
vided.

Sale of bonds
by tax
collector.

182 G. Said bonds when signed by the Mayor and attested
by the clerk, as directed in section 182 E, shall be handed over
to the tax collector, who shall receipt for the same, which re-
ceipt shall be filed and safely kept by the clerk to the Mayor
and Council, and the bonds of the tax collector shall be respon-
sible for the safe keeping by the tax collector of said bonds and
the proceeds thereof; the tax collector shall sell said bonds at
public auction at such times and in such amounts as the Mayor
and Council shall order; he shall transfer and deliver the same
as sold to the purchaser and receive the money therefor, and
shall report under oath to the Mayor and Council his proceedings
in the premises with the names of the persons to whom said
bonds have been transferred, together with the amounts received
by him from said sales; said money shall be credited on the
books of the Tax Collector to the street paving fund, and paid
out by him for and on account of the street, lane, alley or part