1184 LAWS OF MARYLAND.

of bonds above referred to; and on the first day of July in the
year nineteen hundred and thirty-five, one thousand dollars, or
such an amount as may have been issued of the twelfth series
of bonds above referred to; and on the first day of July in the
year nineteen hundred and thirty-six, one thousand dollars, or
such an amount as may have been issued of the thirteenth series
of bonds above referred to; and on the first day of July in the
year nineteen hundred and thirty-seven, one thousand dollars,
or such an amount as may have been issued of the fourteenth
series of bonds above referred to; and on the first day of July
in the year nineteen hundred and thirty-eight, one thousand
dollars, or such an amount as may have been issued of the
fifteenth series of bonds above referred to; and on the first day
of July in the year nineteen hundred and thirty-nine, one thou-
sand dollars, or such an amount as may have been issued of
sixteenth series of bonds above referred to; and on the first day
of July in the year nineteen hundred and forty, one thousand
dollars, or such an amount as may have been issued of the sev-
enteenth series of bonds above referred to; and on the first day
of July in the year nineteen hundred and forty-one, one thou-
sand dollars, or such an amount as may have been issued of the
eighteenth series of bonds above referred to, until the whole
amount issued shall have been paid; and said bonds shall be
sold at private or public sale in such amounts, not more, how-
ever, than five thousand dollars in the year nineteen hundred
and eight, nor more than one thousand dollars each year there-
after, it being the purpose of this Act to issue on the first day
of July, in the year nineteen hundred and eight, the sum of five
thousand dollars of said bonds, and each year thereafter, on
the first day of July, such amount as may be required to retire
the maturing bond of the issue of water bonds authorized by
the Act of the Assembly of 1896, particularly set out by chap-
ter 122 of said Act, until the said eighteen series have been
issued and sold; provided, that none of said bonds shall be sold
at less than par.

SEC. 3. And be it enacted, That for the purpose of redeeming
said bonds at their maturity and for securing the prompt pay-
ment of the interest thereon, the said Mayor and Council are
hereby empowered and directed to annually .levy on the taxable
property of said town such sums of money as shall in their dis-
cretion 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.