ALBERT C. RITCHIE, GOVERNOR. 119

matured and have been paid; but the said corporation shall
have the right, after the expiration of fifteen years from the
date of the issue of said bonds and after public notice by ad-
vertisement of its intention so to do, in all the newspapers of
said town once a week for four successive weeks, six months
before the date fixed for said purpose, to call in and redeem
all said issue of bonds, and it shall be the duty of said cor-
poration to immediately destroy said bonds when redeemed,
and, should said President and Commissioners, or any person
having charge of the bonds or coupons, suffer the same or any
part thereof to be reissued after payment, the said party or
parties so offending shall he deemed guilty of a misdemeanor
and shall he subject to imprisonment, by Article 27 of the
Code of Public General Laws of Maryland, for embezzlement,
and shall be held liable for an amount equal to that of the
coupon or bond so reissued and the costs of the suit.

SEC. 3, And be it enacted, That the said President and
Commissioners of Princess Anne shall levy annually upon
the assessable property of said town a special tax over and
above and in addition to the annual tax as now limited by
law, sufficient to pay. the annual interest on all of said bonds
remaining outstaading and not then matured, and to redeem
the said bonds when and as the same shall respectively mature
as hereinbefore provided.

SEC. 4. And be it enacted, That the said bonds, authorized
and directed to be issued by this Act, shall be sold by the
President and Commissioners of Princess Anne for not less
than the par value thereof, and not later than March 1. 1921,
and said bonds shall be disposed of at public auction at the
Court House door at Princess Anne to the highest bidder for
eash, after notice; by advertisement in all the newspapers of
said town, once a week for four successive weeks prior to the
date of sale, and the proceeds arising from the sale of said
bonds shall be used for and applied to the repairing, rebuild-
ing, reconstructing, extending, enlarging aud improving the
system of water supply and distribution in said town of
Princess Anne and for no other purpose, and no part of the
proceeds arising from the sale of said bonds shall be payable
except upon the order of the Commissioners, or a majority of
them, hereinafter appointed to contract for and superintend
the improvements and construction aforesaid.