1176 LAWS OF MARYLAND.

an amount sufficient to pay the interest of the said bonds so
issued, and at the expiration of ten years there shall be levied
annually by the Mayor and Council an amount sufficient to
pay the interest on the debt, and five thousand dollars of the
principal thereof, until there shall remain unpaid a sum not
less than five thousand dollars, and thereupon, an amount suffi-
cient to pay the balance of said debt with the interest thereon,
shall be levied by the Mayor and Council, and the said bonds
so issued shall be made to fall due so as to be payable as herein
provided.

SEC. 5. And be it enacted, That said bonds, when signed by
the Mayor and attested by the clerk as directed by this Act,
shall be handed over to the tax collector of said town, who shall
receipt for the same, which receipt shall be filed and safely kept
by the clerk of the Mayor and Council, and the bonds of the
said tax collector shall be responsible for the safe keeping of
said bonds and the proceeds thereof. The tax collector shall
sell said bonds at public auction at not less than par at such
times and in such amounts as the Mayor and Council shall or-
der. He shall transfer and deliver the same 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 name of the persons to whom said bonds have been trans-
ferred, together with the amounts received by him from said
sales, and said money shall be credited on the'books of the Tax
Collector to the Park Fund, and shall be paid out by him for
the purposes named in Sections 1 and 2 in this Act for which it
is received and in the manner provided.

SEC. 6. And be it enacted, That the said Mayor and Council
shall cause to be kept a careful register of the bonds so issued
and of the transfer thereof; and as the same are collected in
and paid off, they shall be canceled, and a record of the can-
cellation by numbers, amounts and names of the last holders of
said bonds shall be made and entered upon the books in which
said bonds are registered.

SEC. 7. And be it enacted, That at an election to be held on
the fourth Monday in March, A. D. 1911, the creation of the
debt herein provided for shall be submitted to the qualified
voters of Hagerstown, Maryland, who shall cast their ballots
marked, printed or written, "For Series 1 of Park Bonds," or
"Against Series 1 of Park Bonds," respectively, as such voters
shall desire to vote in favor of or against said loan; and if a
majority of the votes so cast at said election shall be "For
Series 1 of Park Bonds," then Sections 1, 2, 3, 4, 5 and 6 of this
Act shall be in effect; and if a majority of the votes so cast
shall be "Against Series 1 of Park Bonds," then said sections