ALBERT C. RITCHIE, GOVERNOR, 269

and Common Council may, at their option, redeem any or all of
said bonds at any time after 30 years from their date of issue.

SEC. 3. And be it enacted, That when said bonds shall be
executed as herein prescribed, the said Mayor and Common
Council of Union Bridge shall advertise the same in at least
one newspaper published in the town of Union Bridge, in at
least one newspaper published in the City of Westminster,
and, if they deem it advisable, in one newspaper published in
the City of Baltimore, inviting sealed proposals for the pur-
chase of said bonds, or any part thereof, with the privilege of
said Mayor and Common Council of Union Bridge to reject
any or all bids. The Mayor and Common Council of Union
Bridge aforesaid may advertise the said bonds for such length
of time as in their discretion is adequate notice to the public,
and may offer all of said bonds for sale at the same time, and
may offer them at different intervals in such installments and
amounts as they may deem advantageous to said town in carry-
ing on the work of constructing or acquiring the property for
which the same are issued. The money arising from the sale of
said bonds shall be kept as a separate fund by the Treasurer of
the Mayor and Common Council of Union Briclge, to be ex-
clusively used for the purpose of this Act, and all taxes,
charges and assessments levied and collected, as hereinafter
provided for the payment of the interest and principal of
said bonds, shall be likewise kept as a separate fund by said
officer.

SEC. 4. And be it further enacted, That, for the purpose
of retiring the bonds authorized to be issued by this Act, and
the payment of the interest thereop, there shall be levied
against all the assessable property within the corporate limits
of the said town of Union Bridge by the Mayor and Common
Council of Union Bridge, annually, so long as any of said
bonds are outstanding and not paid, a tax sufficient to meet the
interest or any part of said interest on said bonds as it becomes
due, and to pay the principal thereof as they mature, said tax
to be determined, levied, collected and paid over in the follow-
ing manner: At least 30 days before the tax levying period of
each year the said Mayor and Common Council of Union
Bridge shall then determine the amount necessary to be raised
for the ensuing year for the payment of the interest or such
portion thereof and proportionate part of principal of all out-
standing bonds, the amount to be paid on the principal of said