ALBERT C. RITCHIE, GOVERNOR. 15

poration, a sum of money not to exceed the sum of seven-
teen thousand dollars, and to issue coupon bonds in the name
of said municipal corporation for the amount so borrowed,
each bond to be issued for the sum of five hundred dollars,
to be signed by the three commissioners of said corporation
and the seal of said corporation shall be attached to each bond;
but the coupons for interest may be authenticated by the
engraved, lithographed or printed signature of the treasurer
of said corporation alone. Said bond shall bear interest at
the rate of five per centum per annum, payable semi-annually
in each and every year from the date of the issue of said
bonds, and all of the said bonds shall be dated on the first
day of their issue. The said bonds shall be numbered consecu-
tively, and bond No. 1 shall be due and payable one year
from the date of issue, and thereafter each bond shall mature
and be payable each consecutive year from the maturity of
bond No 1 in the order of their consecutive numbers. Said
bonds shall have printed on them a distinct reference to this
Act as directing the issuance of the same. Said bonds shall be
exempt from state, county and municipal taxes.

SEC. 2. And be it further enacted, That the Town
Commissioners of Centreville shall sell said bonds at either
public or private sale, but no bonds shall be sold at private
sale for less than par.

SEC. 3. And be it further enacted. That the money
raised by the issue and sale of bonds under the provisions
of this Act, with exception of any surplus that may arise from
premiums therefrom, over and above the amount required for
the purpose, shall be exclusively appropriated and applied to
the payments of the outstanding indebtedness of the said Town
Commissioners of Centreville under Chapter 225 of the Acts
of 1906.

SEC. 4. And be it further enacted, That the said Town
Commissioners of Centreville be and they are hereby author-
ized, empowered and directed in each and every year to
levy and collect a special tax on the taxable property of all
kinds and descriptions within the corporate limits of the town
sufficient to pay the interest on the outstanding bonds issued
by them under the provisions of this Act, as the same shall
fall due, and to redeem and retire said bonds as they shall
mature: and, the proceeds of such tax shall be collected by
said commissioners as the other taxes of said town are col-