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882 LAWS OF MARYLAND.
175E. After the expiration of ten years from the date of the
issue of the bonds authorized in the preceding section the Mayor
and City Council may from time to time redeem them or any
part of them, and if they desire to redeem or pay off a part
thereof, they shall determine by lot which bonds are to be so
redeemed, and when the same are selected for redemption the
Mayor and City Council shall give notice by advertising in two
newspapers published in said city, if so many, of the number
or numbers of the said bonds so to be redeemed or called in, and
when and where the same are to be paid, and the interest on
said bonds so selected and notified to be called in and redeemed
shall cease from and after the date fixed for their redemption.
175F. The Mayor and City Council of Havre de Grace shall
at all times keep and preserve as a sinking fund for the pay-
ment of the principal and interest of the bonds issued under the
two preceding sections, all the money received by said city from
the sale of hotel liquor licenses, as provided in Section 192 of
Chapter 180 of the Act of 1890, and they shall incorporate
into the bonds issued hereunder as aforesaid so as to make the
same a part of the contract between said city and the purchaser
or purchasers of said bonds and security for the payment of the
principal and interest thereof as the same shall mature, a pledge
of the money authorized and thereafter to be paid to said city,
and which the said city is or may be entitled to receive under
the aforesaid Act, and the purchasers and holders of said bonds
shall have the right to rely and insist upon the securities so
pledged to them until the said bonds are fully paid.; and in
case it shall happen in any year that the money received by
said city under and by virtue of said Act shall be less than
$1,000, then the Mayor and City Council aforesaid shall, when-
ever and as often as such deficit shall occur, levy upon the as-
sessable property of said city and collect therefrom a sum of
money, which, together with the sum received by them for
licenses under and by virtue of the Act aforesaid will amount
to the said sum of $1,000, and the same shall thereupon be
placed in said sinking fund.
175G. That Richard H. Smith, Murray Vandiver, Isaac Hecht,
Clarence C. Pusey, Daniel W. Hopkins and Michael Fahey,
together with the Mayor of said city for the time being and
the City Attorney thereof for the time being, ex officio, shall
be and they are hereby appointed a commission for the purpose
hereinafter mentioned; and said commission or a majority
thereof shall within thirty days of the passage and approval
of this Act, organize by the election of a chairman, secretary
and treasurer, and shall require the said treasurer to give bond
in the penalty of $10,000 for the faithful performance of his
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