ALBERT C. RITCHIE, GOVERNOR.                  733

a tax on the assessable property of said town, not exceeding'
twenty-five cents on the one hundred dollars to pay the interest
thereon, and the sum of one thousand dollars for the principal
of said debt for the payment of the same at maturity. The
said sum of one thousand dollars shall be held and invested
by the Mayor and Council of Grantsville as a sinking fund for
the redemption of said bonds at their maturity; and the said
Mayor and Council of Grantsville shall from time to time de-
posit the money belonging to said sinking fund and the incre-
ment thereof in some safe depository which pays interest on
deposits, or shall invest the same in State or other bonds satis-
factory to the said Mayor and Council of Grantsville as to them
may seem best, or in the purchase or redemption of any of said
bonds as may be offered for sale and redemption, and upon the
purchase of any such bonds by the said Mayor and Council
they shall be immediately cancelled by stamping across their
face (Cancelled by the sinking fund), and no portion of said
sinking fund so levied shall ever be diverted to any other pur-
pose than to the purchase and liquidation of said bonds. The
money collected each year by the treasurer or tax collector on
account of taxes to the extent of said sum of one thousand dol-
lars shall be set apart for said sinking fund, and a separate
account shall be kept thereof and be deposited to the credit of
said fund, and no part of which shall be chargeable to insol-
vencies on account of failure of assessments or collections.

SEC. 5. And be it further enacted, That the money arising
from the sale of said bonds (which bonds shall be sold either at
auction or by sealed bids or at private sale in the discretion of
the Mayor and Council) shall be deposited in banks to the
credit of said Mayor and Council of Grantsville and subject to
their check, and the clerk of said town of Grantsville shall keep
a book to be specially provided for the purpose of recording the
names and addresses of the purchasers of the bonds sold and
the amount realized on the sales, together with the serial num-
bers of the bonds.

SEC. 6. And be it further enacted, That in any prosecution
before' a Justice of the Peace under Section 3 of this Act, the
accused and the Mayor and Council of Grantsville shall have
the right of appeal to the Circuit Court for Garrett County
within thirty days to a jury trial, Any person or persons con-
victed before a Justice of the Peace under Section 3 of this Act
who shall, pray an appeal to the said Court, shall be held by