1164 LAWS OF MARYLAND.

such amounts, not less, however, than five hundred, dollars at
any one time, and not exceeding in the total the said sum of
twenty-five thousand dollars, and at such time as the Mayor
and Council of Berlin, in their discretion, may deem proper,
until the said fifty series have been issued and sold, provided
that none of said bonds shall be sold at less than par.

48Q. For the purpose of redeeming said bonds at their matur-
ity, and for securing the prompt payment of the interest there-
on, the said Mayor and Council are hereby empowered and di-
rected to apply all net income arising from water and light
or water or light rents, after the expense of any necessary bet-
terments or proper repairs are made—first, to the payment of
the interest on said bonds, and secondly, to invest the remain-
der, if any there be, in a sinking fund for the payment of said
bonds as they respectively mature. The coupons on said
bonds shall be receivable by said Mayor and Council in pay-
ment of taxes due to said town. In the event that the said
rents shall not be sufficient in amount to pay the interest on
said bonds or the principal thereof as it shall become due, the
said Mayor and Council shall annually levy on the taxable
property of said town such sums of money in addition to the
levy hereinbefore provided for, as shall in their discretion be
necessary for the prompt payment of the interest on said bonds
and the principal thereof when the same may become due, and
any surplus on hand at any time arising from such levy shall
be, by the said Mayor and Council, invested in some safe
securities as a sinking fund, which shall not at any time be
diverted from the purposes of this Act.

48R. The money arising from the sale of said bonds shall be
paid to the Mayor and Council of said town, and by them be
deposited in some safe bank, and shall only be drawn there-
from on checks signed by the Mayor and countersigned by the
secretary and treasurer; and the said secretary and treasurer
shall keep in a book for the purpose a full registry of the
bonds sold, the different series, the number of bonds and the
name of the purchasers and amounts realized on sale, and any
transfer and assignments of the same.

48s. The said Mayor and Council shall procure the services
of some competent engineer or engineers to give them plans and
specifications in the erection of water works, reservoirs, con-
duits, plugs and all necessary equipment for proper water
works and a sufficient supply of water; and a competent engi-
neer or engineers to give them plans and specifications in the
erection and establishing of a proper electric, gas or such other
lighting plant as they may determine upon, and all necessary