HERBERT R. O'CONOR, GOVERNOR. 103

SEC. 3. And be it further enacted, That The Mayor and
Common Council of Westminster are authorized and empow-
ered to sell said bonds to the highest bidder upon sealed
proposals after having given at least ten days' notice by adver-
tisement in some newspaper printed and published in Westmin-
ster, Carroll County, Maryland, and by such other advertise-
ments as The Mayor and Common Council of Westminster
shall deem advisable, but the right is reserved unto The Mayor
and Common Council of Westminster to reject any and all
bids. If no bids are received after such advertisement, or if
all the bids are rejected by The Mayor and Common Council
of Westminster, the said The Mayor and Common Council of
Westminster is authorized and empowered to sell said bonds
at private sale at not less than par and accrued interest.

SEC. 4. And be it further enacted, That the proceeds arising
from the sale of said bonds shall be applied to the payment
and refunding of twenty-six thousand ($26, 000. 00) dollars of
the outstanding notes, obligations and floating indebtedness
due and owing by the said The Mayor and Common Council
of Westminster.

SEC. 5. And be it further enacted, That for the purpose of
securing the prompt payment of all installments of interest
on said bonds as the same shall become due semi-annually as
aforesaid, and for the purpose of redeeming said bonds at
maturity, The Mayor and Common Council of Westminster is
hereby authorized and directed to levy annually a tax upon
the assessable property of the City of Westminster in such
sums as may be necessary and sufficient to pay the interest
on said bonds semi-annually and to redeem two thousand
($2, 000. 00) dollars of said bonds annually commencing May
1, 1945, as aforesaid, until the same hare been fully redeemed
and retired; and the proceeds of such tax collected shall by
The Mayor and Common Council of Westminster be placed
to their order in some safe depository as a separate and dis-
tinct fund, and by it only applied to the payment of the inter-
est and redemption of said bonds, when and as soon as they
shall become due and redeemable, and when redeemed said
bonds and any coupons shall be cancelled, and said taxes are
pledged to the payment of the interest and principal of said
bonds, and can be used for no other purpose, except, that when
all of said bonds are paid, the balance if any in such fund is to
go into the general account of the said The Mayor and Com-
mon Council of Westminster.

SEC. 6. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the im-
mediate preservation of the public safety and health, and be-