HERBERT R. O'CONOR, GOVERNOR. 1105

in every respect be treated the same as county taxes. The tax
so levied, for the ensuing year shall be collected by the re-
spective tax collecting authorities, and every sixty days they
shall remit the whole amount of tax collected to the said
Sanitary Commission. From the money so received, together
with the amount in hand to. the credit of said current bond
fund, or applicable to the payment of interest on its bonds
and notes and the principal thereof, said Sanitary Commis-
sion shall first pay all interest on said bonds and notes as it
matures, pay, or reserve a sufficient amount of money to pay,
its serial bonds maturing in said taxable year, and shall then
deposit in some bank or banks in one or both of said counties,
to the credit of the County Commissioners of both counties
and said Commission, as a joint fund to be known as the
"Sinking Fund Account", the amount so raised for the pay-
ment of the proportionate part of the principal of said sinking
fund bonds.

Said Commission and the respective County Commissioners
shall, from time to time, invest said sinking fund in any
bond or bonds in which savings or trust funds are authorized
to be invested by National Banks by the U. S. Treasury De-
partment. Should receipts from said tax or other sources be
inadequate to pay the principal of said serial bonds maturing
in said taxable year and to deposit the principal payment on
said sinking fund bonds, by reason of defaults or otherwise,
such deficiency shall be added to and collected in the next
year's tax. The said Commission is authorized to pay the in-
terest on any bonds it may issue prior to the first tax levying
period out of the proceeds of the sale of said bonds. For the
purpose of paying the principal and/or interest of bonds due
or to become due within four months and for paying the in-
terest maturing on any bonds within four months and not
otherwise adequately provided for, or for meeting payments
required to be made to its employees and laborers and not
otherwise provided for, the Commission may borrow money in
anticipation of taxes, sale of bonds or other revenue of the
fiscal year in which the loan is made or in anticipation of
the taxes, sale of bonds or other revenue of the next succeed-
ing fiscal year, and such loan shall be payable not later than
the end of the fiscal year next succeeding the year in which the
loan was made. Negotiable notes shall be issued for all money
so borrowed, which notes may be renewed from time to time,
and money may be borrowed upon new notes from time to time
for the payment of any indebtedness evidenced thereby; but
all such notes and loans shall mature within the time limited
for the payment of the original loan. No money shall be so
borrowed at a rate of interest exceeding five per centum (5%)
per annum. Such notes may be disposed of in such manner