ALBERT C. RITCHIE, GOVERNOR. 111

tion. the Mayor and Council of Hagerstown is hereby author-
ized and empowered to issue coupon bonds in such denomina-
tions and amounts as the said Mayor and Council may deter-
mine by ordinance; 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, the coupons thereof to be
signed by the Mayor or a facsimile of his signature stamped
thereon and to bear interest not to exceed five per cent per
annum payable semi-annually on the first day of March and
September of each, year; said bonds when signed by the
Mayor, attested by the Clerk as directed by this Act, shall be
handed over to the Tax Collector of said city, who shall re-
ceipt the same, which shall be filed with and safely kept by
the Clerk of the Mayor and Council and the bond of said
Tax Collector shall be responsible for the safekeeping of said
bonds and the proceeds thereof. The Tax Collector shall sell
said bonds at public auction or by sealed bids after giving
at least two weeks public notice thereof by advertisements in
one or more newspapers published and circulated in Hagers-
town, and in the City of Baltimore if the Mayor and Council
shall so desire under the supervision of and at such times and
such amounts as the said Mayor and Council shall order, but
no bonds shall be sold by sealed bids, except at prices ap-
proved of by the Mayor and Council. The Tax Collector shall
deliver said bonds when sold to the purchaser or purchasers
and receive the money therefor, including any premium there-
on, and shall report under oath to the Mayor and Council the
proceedings in the premises as soon as possible after said
sale, with the name or names of the purchasers to whom said
bonds have been sold and delivered, together with the amount
received on each bond so sold and said money, including said
premium, if any, shall be credited by the Tax Collector on the
books kept for that purpose to the '' Park Lake Fund," to be
applied to the paying for the building, construction and equip-
ping of said lake, and to and for no other use or purpose,
said fund to be drawn out by the Park Commission of Hagers-
town on warrants signed by the chairman of said Commission
attested by its secretary. Said bonds shall not be liable to
the county or municipal taxation.

SECTION 3. And be it enacted, That to provide for the
payment of said bonds authorized to be issued by Section 1
of this Act as they shall mature and for the payment of in-