ALBERT C. RITCHIE, GOVERNOR. 171

SEC. 3. Be it further enacted as aforesaid, That for the
purpose of redeeming said bonds at maturity and for securing
the prompt payment of interest thereon the said Mayor and
City Council is. hereby authorized and directed to annually levy
upon all the taxable property of said town, such sums of money
as in the judgment of the Mayor and City Council of Ocean
City shall be necessary for the prompt payment of the interest
on said bonds and the principal thereof when the same shall
become due, and any surplus on hand at any. time arising from
such levy, shall be by the said Mayor and City Council in-
vested in some safe security as a sinking fund which shall not
at any time be diverted from the purposes of this Act. The
money arising from the sale of said bonds shall be paid to the
Mayor and City Council of said town and by the said Mayor
and City Council deposited in some safe bank and shall only
be drawn therefrom on checks signed by the Mayor and
countersigned by the Secretary and Treasurer.

SEC. 4. Be it further enacted as aforesaid. That the Mayor
and City Council of Ocean City shall select some depository in
which to deposit the money necessary for the payment of the
principal and interest on said bonds when the same mature and
become due and shall designate said bank on said bonds and
the coupons thereto attached.

SEC. 5. Be it further enacted as aforesaid, That the money
arising from the sale of said bonds, or so much thereof as may
be necessary, shall be available for the purpose of improve-
ments of the streets and highways of said town, to the extension
and betterment of the water systems, and sewerage system of
said town, and for such other proper public purposes as in the
judgment of the said Mayor and City Council may seem ad-
visable.

SEC. 6. Be it further enacted as aforesaid, That this Act
is hereby declared to be an emergency law and necessary for
the immediate preservation of the public safety, and being
passed upon a yea and nay vote supported by three-fifths of the
members elected to each of the two Houses of the General
Assembly, the same shall take effect from the date of its
passage.

Approved April 2, 1929.