184 LAWS OF MARYLAND. [CH. 93

be likewise kept as a separate fund by said Mayor and Common
Council of Manchester. Said bonds shall be a lien on all of
the property within or outside of the corporate limits of Man-
chester, Carroll County, under the jurisdiction of the Mayor
and Common Council of Manchester.

SEC. 5. And be it further enacted, That for the purpose of
retiring the said bonds authorized to be issued by this Act, and
the payment of the interest thereon, there shall be levied
against all the assessable property within the corporate limits
of the said town of Manchester, Carroll County, by the Mayor
and Common Council of Manchester, Carroll County, annu-
ally, 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, col-
lected and paid over in the following manner: At least 30 days
before the tax levying period of each year the said Mayor and
Common Council of Manchester shall then determine the
amount necessary to be raised for the ensuing year for the
payment of the interest or such portion thereof, and propor-
tionate part of principal of said bonds in any one year to be
determined by the usual table of redemption of bonds by an-
nual 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 deter-
mined by the amount of the bond to be matured or redeemed
that year, and after deducting all amounts in hand applicable
to payment of interest and principal on said bonds, as herein-
after provided, it shall determine the number of cents per $100
necessary to raise the said amount, and the said Mayor and
Common Council of Manchester in their next annual levy shall
lew said tax on all land and improvements and any other
property assessed for purposes within said town of Manchester,
which tax shall be levied and collected as the said town taxes
now are, or may be hereafter by law levied and collected, and
have the same priority rights, bear the same interest and pen-
alties, and in every respect be treated the same as said taxes
for the town of Manchester 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 Mayor and Common
Council of Manchester. From the money so received, together
with the amount in hand, to the credit of said bond fund, said
Mayor and Common Council of Manchester shall first pay all