ALBERT C. RITCHIE, GOVERNOR. 1425

in each year to the maturity of each of said bonds. Two of
said bonds, commencing with No. 1, shall be due and redeem-
able on the first day of July, 1926; two of said bonds, in order,
according to numbers, shall be due and redemable on the first
day of July, 1927; and two more of said bonds, all in the
order of their numbers, on the first day of July each year
thereafter, until all of said bonds are due and redeemable.

SEC. 4. And be it enacted, That after the said bonds shall
have been properly executed, as herein prescribed, the said the
Commissioners of Hurlock is hereby authorized to sell the
said bonds at such times and in such numbers as may be neces-
sary for the objects and purposes of this Act at public sale,
to the best advantage in the discretion of the said the Com-
missioners of Hurlock, provided that none of said bonds shall
be sold below par. The said the Commissioners of Hurlock
shall give such notice, either by advertising or by private
letter, as may be deemed proper, provided the said bonds shall
be sold upon competitive bidding, by sealed offers, with the
privilege reserved to the Commissioners of Hurlock to reject
any and all bids.

SEC. 5. And be it enacted, That all money arising from the
sale of said bonds shall be kept in a separate fund for the
purposes of this Act., and shall be deposited in some bank or
banks, and be paid out only upon the order of the said the
Commissioners of Hurlock for the purposes of this Act, and
for no other purpose. The Clerk to the said the Commis-
sioners of Hurlock shall keep a full registry of said bonds,
with the names of the purchasers thereof and the amount
realized from the sale of the same, with the date of maturity
of such bonds, and when they have been redeemed the same
shall at once be mutilated by tearing therefrom the signature
of the Chairman and by cancelling on the book of registry,
and shall not be issued again.

SEC. 6. And be it enacted, That the said the Commissioners
of Hurlock may at any time issue the said bonds in such
number or numbers as in its judgment may be deemed neces-
sary and proper for the objects and purposes of this Act, and
the said the Commissioners of Hurlock shall be, and it is
hereby authorized and directed to expend the money arising
from the sale of said bonds to the objects and purposes only
set forth in this Act.