840 LAWS OF MARYLAND.

the Mayor and Town Council of Oakland for the purposes of
this Act

SEC. 4. And be it enacted, That for the purpose of redeem-
ing said bonds at their maturity and for securing the prompt
payment of the interest thereon, the Mayor and Town Council
of Oakland shall for the year of the issue of said bonds and an-
nually thereafter until the maturity of said bonds, levy a tax on
the assessable property of said town, not exceeding twenty-five
(25) cents on the one hundred dollars to pay the interest there-
on, and the sum of one thousand (f 1,000.00) dollars for the
principal of said debt for the payment of the same at maturity.
The said sum of one thousand dollars shall be held and in-
vested by the Mayor and Town Council of Oakland as a sink-
ing fund for the redemption of said bonds at their maturity;
and the said Mayor and Town Council of Oakland 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 such
other bonds satisfactory to the said Mayor and Town Council
of Oakland as to them may seem best, or in the purchase or re-
demption 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 Town Council they shall be immediately can-
celled 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 as-
sessments or collections.

SEC. 5. And be it enacted. That the money arising from the
sale of said bonds (which said bonds shall be sold either at
auction oy by sealed bids, after due advertisement thereof to the
highest responsible bidder), shall be deposited in banks to the
credit of the said Mayor and Town Council of Oakland and
subject to their check, and the clerk of the said town of Oak-
land shall keep a book to be specially provided for the pur-
pose the names and addresses of the purchasers of the bonds
sold and the amount realized on the sales, together with the
serial numbers of the bonds.

SEC. 6. And be it enacted, That in any prosecution before a
justice of the peace under section 3 of this Act, the accused