732 LAWS OF MARYLAND.

SEC. 2. And be it enacted, That said corporation shall sell
said bonds at public or private sale, but no bond shall be sold
for less than its face or par value and accrued interest. The
proceeds of sales of said bonds shall be deposited in bank in the
name of "The Town Commissioners of Centreville, Electric
Light Plant Fund," and shall be drawn only by checks signed
by the Treasurer and countersigned by at least one other muni-
cipal commissioner. The proceeds of said bonds, excepting
whatever accrued interest may be due at time of sale, shall be
applied to the payment of the present indebtedness due by said
municipal corporation to sundry persons or corporations for
the construction and equipment of said plant, and to no other
purpose whatsoever. The accrued interest, if any, on said bond
paid by the purchaser or purchasers of said bonds shall be ap-
plied to the interest due by and on said bonds by the terms
thereof.

SEC. 3. And be it enacted, That the Town Commissioners of
Centreville shall keep a full registry of the bonds authorized
under this Act to be issued, with the name or names of the pur-
chasers thereof, the date of issue, date of maturity and amount
of each bond. "When a bond is redeemed said bond shall at once
be cancelled on its face, and the entry of said cancellation shall
be made in said book of registry.

SEC. 4. And be it enacted, That for the purpose of redeem-
ing said bonds at maturity and for the securing of the prompt
payment of the interest thereon, the Town Commissioners of
Centreville shall levy a special tax on each one hundred dollars
of the assessed value of all property, real and personal, in the
corporate limits of said town of Centreville subject to taxation,
in addition to the other taxes now authorized to be levied and
collected by said corporation, such sum or sums of money as
shall be necessary to pay the annual interest on said bonds, and
to pay said bonds as they respectively mature; said special tax
shall be known as the "Electric Light Plant Tax No. 2," and
shall be levied at the same time, and shall become due and in
arrear at the same time, and shall bear interest from the same
date, and shall be liens on all property of the person or corpo-
ration assessed and shall be collected in the same manner as
other taxes now authorized to be levied, assessed and collected
by said corporation. The proceeds of said special tax shall be
kept separate from the other funds of said corporation, and
shall be used for the payment of the interest on said bonds, and