1206 LAWS OF MARYLAND. [CH. 494

necessary to be raised for the ensuing year for the payment of
interest and proportionate part of principal of all outstanding
bonds, the amount to be paid on the principal of said bonds in
any one year to be determined by the usual table of redemp-
tion of bonds by annual deposit in a sinking fund, on interest,
if sinking fund bonds are used, or the amount to be paid on
the principal of said bonds in any one year, if serial bonds are
used, to be determined by the amount of the bonds to be ma-
tured or retired that year, and it shall deduct therefrom all
amounts in hand applicable to the payment of interest and
principal on said bonds, as herein provided. It shall certify
this amount to the Mayor and Council of Salisbury, and the
Mayor and Council of Salisbury in its next annual lew shall V

levy a tax sufficient to raise the said amount on all land and
improvements and any other property assessed for municipal
purposes within said City of Salisbury, which tax shall be
levied and collected as the said city taxes now are, or may be
hereafter by law levied and collected, and have the same prior-
ity rights, bear the same interest and penalties, and in every
respect be treated the same as the said taxes for the City of
Salisbury now are. The tax so levied for the ensuing year
shall be collected by the tax collecting authorities, and every
sixty days the said Tax Collector shall remit the full amount

of the tax so collected to the Commission. From the amount
so received, together with the amount in hand to the credit of
said bond fund, said Commission shall first pay all interest
on said bonds as it matures and shall then deposit in some
bank or banks in Salisbury in its name as a fund to be known
as the "Water Supply and Sewer Sinking Fund Account, " if
sinking fund bonds are used, or as a fund to be known as the
"Water Supply and Sewer Bond Account, " if serial bonds are
used, the amount so raised for the principal of said bonds.
Should the receipts from said taxes or other sources be inade-
quate to deposit the principal payment on said bonds, by rea-
son of defaults or otherwise, such deficiency shall be added to
and collected in the next year's tax. if sinking fund bonds are
used, or such deficiency shall be made up by a special tax on
all the property taxed as aforesaid, if serial bonds are used.
The said Commission is authorized to pay the interest on any
bonds it may issue prior to the first tax levying period out of
the proceeds of the sale of said bonds. In order that the
prompt payment of interest and the proper provision for the
payment of the principal of said bonds shall be assured, the
prompt and proper performance of the respective acts and