214                         LAWS OF MARYLAND.                 [CH. 104

two agencies. The said agencies in their next annual levy,
shall levy said tax on all land and improvements and any other
property assessed for county or municipal tax purposes with-
in the said Sewerage District, which tax shall be levied and
collected as county or municipal taxes now are or may be
hereafter by law levied or collected, and have the same priority
rights, bear the same interest and penalties and in every respect
be treated the same as municipal or county taxes. The tax
so levied for the ensuing year shall be collected by the respec-
tive tax collecting authorities, and every sixty days they shall
remit the whole amount of the tax bill collected to the said
Sewerage Commission. From the money so received, together
with the amount in hand to the credit of said bond fund, said
Sewerage Commission shall first pay all interest on said bonds
as it matures, and shall then deposit in some bank or banks in
Annapolis, to the credit of the Sewerage Commission, as a
fund to be known as the "Sinking Fund Account, " the amount
so raised for payment of the principal of said bonds. The
said "Sinking Fund Account, " shall bear interest at a rate
not less than four per cent, per annum and shall be secured
by satisfactory corporate surety furnished by the bank or banks
in which said account is deposited. Should receipt from said
tax or other sources be inadequate to deposit the principal pay-
ment on said bonds, by reason of default or otherwise, such
deficiencies shall be added to and collected in the next year's
tax. The said Commission is authorized to pay the interest
on any bonds it may issue prior to the first tax levying period
out of the proceeds of the sale of said bonds. In order that
the prompt payment of interest and the proper provision for
the payment of the principal of said bonds shall be assured,
the prompt and proper performance of the respective acts and
duties heretofore defined is specifically enjoined, and any
failure upon the part of any person, persons, body corporate
or agent to perform the necessary acts and duties hereafter
set forth, to pay over the said funds as required, or to use
said funds or any part thereof for any other purpose than for
the payment of the principal and interest on said bonds, except
as provided under Section 8 of this Act, is hereby declared a
misdemeanor and punishable as other-misdemeanors are pun-
ishable by Section 13 of this Act.

SEC. 7. And be it further enacted, That whenever the plans
and specifications for sewerage or drainage systems or treat-
ment works for any section shall have been completed and the