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sewers, and shall from time to time deposit in the banking
institution to be designated, as hereinbefore provided for, such
funds as are necessary for the payment of the interest on the
bonds hereinbefore provided for as the same shall become due
and payable. It shall be the duty of the Town Commissioners
of Hyattsville, and they are hereby authorized and empowered
and directed to set aside from the revenues of the said town,
however derived, the sum of four hundred and fifty dollars
each year, beginning two years after the date of the said bpnds
for and as a sinking fund for the redemption of the said bonds
at their maturity, to invest the same in the name of the town
of Hyattsville from time to time on such security and at such
rate per centum of interest, or in the purchase and redemption
of any of the said bonds as to them may seem best. And the
Town Commissioners of Hyattsville shall, to enable them to
meet the expenses of maintaining the said water works and
sewers and to pay the interest on the said bonds, and provide
the said sinking fund, in addition to the usual current expenses
of the said town of Hyattsville, levy yearly the full tax of
forty cents on the one hundred dollars of the property as
assessed for the year, and is now authorized by law to be done,
until such year as the said Commissioners shall determine that a
less rate of taxation will be sufficient for the purposes aforesaid.
Upon the purchase of any of the bonds by the Town Commis-
sioners, as hereinbefore provided, the bonds shall be immedi-
ately cancelled by the clerk to the said Commissioners, by
stamping in ink in large letters across their faces, "Cancelled
by the sinking fund," and entering in ink in the book kept for
the record of said bonds, as hereinbefore provided, opposite
the number or numbers of such bonds so purchased, the date
of the purchase, amount paid for the bond or bonds so pur-
chased, and the date and the fact of its or their cancellation.
No portion of said sinking fund so levied or provided for shall
ever be diverted to any other purpose than to the purchase and
liquidation of said bonds ; and should the Town Commis-
sioners of Hyattsville or any other person having charge of
said sinking fund cause, or suffer, or permit the same or any
portion thereof to be diverted from or applied to any other
purpose than the investment for the purchase and redemption
of said bonds, the person or persons so offending shall be
deemed guilty of a misdemeanor, and, on conviction thereof,
shall be subject to a fine of not less than the amount so misap-
plied or diverted.
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Maintenance
of water
works.
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