EMERSON C. HARRINGTON, GOVERNOR. 47

scribe, said bonds to be signed by the Mayor with the seal of
the city attached thereto attested by the Clerk of the Mayor
and Council, coupons thereof to be signed by the Mayor or a
fac simile of his signature stamped thereon and to bear interest
not exceeding 5 per cent, per annum payable on the first
day of July and January in each year; said bonds and coupons
when signed by the Mayor and attested by the Clerk, as di-
rected by this Act, shall be handed over to the Tax Collector
of said city, who shall receipt for the same, which receipt shall
be filed with and safely kept by the Clerk of the Mayor and
Council, and the bond of the said Tax Collector shall be re-
sponsible for the safe keeping of said bonds and the proceeds
thereof. The Tax Collector shall sell said bonds at public auc-
tion or by sealed bid after giving at least two weeks' public
notice by advertisement in one or more newspapers published
in Hagerstown and in the City of Baltimore, under the super;
vision of and at such time and in such amounts as the Mayor
and Council shall order, but no bonds shall be sold by sealed
bids except at prices approved by the Mayor and Council. He
shall deliver the same to the purchaser or purchasers and
receive the money therefor, including any premiums thereon,
and shall report under oath to the Mayor and Council his pro-
ceedings in the premises as soon as possible after said sale
with the name or names of the persons to whom said bonds
have been sold and delivered together with the amounts re-
ceived on each bond so sold, and said money, including said
premium, shall be credited by him on the books of the Tax
Collector to the "New Sewerage System Fund" and shall be
paid out by him on warrants signed by the Chairman of the
Sewerage Commission, attested by its Secretary and only for
the purposes named in this Act for which it is received and in
the manner provided. The Mayor and Council of Hagerstown
shall levy in each and every year, upon all property liable to
taxation in the City of Hagerstown for five years an amount
sufficient to pay the interest of said bonds so issued and at
the expiration of said five years there shall be levied annually
by the Mayor and Council an amount sufficient to pay the in-
terest on the debt and $20, 000 of the principal thereof each
year until there shall remain unpaid a sum less than $20, 000;
and thereupon an amount sufficient to pay the balance of said
debt with interest thereon shall be levied by the Mayor and;
Council of Hagerstown; and the said bonds so issued shall be
made to fall due, so as to be payable as herein provided. The
Mayor and Council of Hagerstown shall keep a full registry.