ALBERT C. RITCHIE. GOVERNOR. 949

such amounts and denominations as the Mayor and Council shall
by ordinance prescribe; that no bonds shall be sold by sealed
bids, except at prices approved of by the Mayor and Council.
The Tax Collector shall deliver said bonds when so sold to the
purchaser or purchasers and receive the money therefrom, in-
cluding any premiums thereon, and shall report under oath to
the Mayor and Council his proceedings in the premises as soon
as possible after said sales with the name or names of the pur-
chasers to whom said bonds have been sold and delivered, to-
gether with the amounts received for each bond so sold and
said money, including said premiums, if any, shall be credited
by the Tax Collector on the books kept for that purpose, to the
Market Building Fund and to be applied to and used exclu-
sively for the carrying out of the purpose and intent of this
Act. Said fund to be drawn out or on by the Mayor and Coun-
cil as are other funds under the control of the Mayor and Coun-
cil. The said bonds so issued shall be and are hereby made
exempt from all State, County and Municipal taxes.

SEC. 4. And be it further enacted, That to provide for the
payment of said Bonds authorized to be issued by this Act, as
they shall mature, and for the payment of the interest thereon
when due and payable, there shall be levied by the Mayor and
Council of Hagerstown, annually upon all the assessable prop-
erty in Hagerstown, liable to taxation for a period of ten years
after the date of the issue of said Bonds, an amount to pay the
interest on said bonds so issued, and at the expiration of ten
years from the date of the issue of said bonds, there shall be
levied by the Mayor and Council of Hagerstown, annually upon
all the property liable to taxation in Hagerstown, an amount
sufficient to pay the interest on said Bonds and Five Thousand
Dollars of the principal thereof, and the Mayor and Council of
Hagerstown, shall thereafter levy annually upon all the prop-
erty liable to taxation in Hagerstown, an amount sufficient to
pay Five Thousand Dollars of the principal and all the interest
on said bonds until the said debt created under this Act is paid
in full, and the said bonds when so issued shall be made to fall
due so as to be payable as herein provided.

SEC. 5. And be it further enacted, That the Mayor and Coun-
cil of Hagerstown, shall cause to be kept a careful register of all
the bonds so issued under the provisons of this Act, and the
transfer thereof, with the name or names of the purchasers
thereof, to date of issue and the date of maturity of each bond,
the date of sale and the amount of each bond. The said bonds