124 LAWS OF MARYLAND. [CH. 103

all be serial type bonds, and shall all mature in not exceed-
ing twenty-five (25) years from the date of issue, and
shall be forever exempt from State, County and Municipal
taxation. Said bonds shall be signed by the Mayor of
Salisbury, with the seal of the City attached thereto,
attested by the Clerk of Salisbury, and if coupon bonds, the
coupons thereon shall be signed by the Clerk of Salisbury
or a facsimile of his signature and the bond of said Clerk
shall be responsible for the safe keeping of said bonds
and the proceeds thereof. The Mayor and Council of
Salisbury shall sell said bonds at public sale by sealed bids,
after giving at least two weeks' notice thereof in one or
more newspapers published in the City of Salisbury, and
in such other newspapers as The Mayor and Council of
Salisbury may deem advisable. The Mayor and Council of
Salisbury shall have the right to reject any and all bids. The
said Clerk of Salisbury shall deliver said bonds so sold to
the purchaser or purchasers thereof, and receive the money
therefor, including any premiums thereon, and said money,
including said premiums, if any, shall be immediately
credited by the Clerk of Salisbury on his books to the
"Salisbury, Maryland, Incinerator and Sewage Treatment
Plant Bonds", to be applied only for the purposes specified
in this Act, and shall be expended upon order of the Com-
mission and by checks or drafts signed by the
Treasurer of the City of Salisbury and countersigned by
the Chairman of the "Salisbury Incinerator and Sewage
Treatment Plant Commission". Provided, however, that
any balance of the proceeds of said bond issue not required
for the purposes hereinbefore specified shall be applied
to the redemption of said bonds.

SEC. 3. And be it further enacted, That the Mayor and
Council of Salisbury shall annually levy upon all the
assessable property liable to taxation in the City of Salis-
bury at the regular tax levying period an amount sufficient
to meet and pay the interest on said bonds so issued and
outstanding, and to meet and pay the principal of said
bonds as they shall severally become due from time to time,
which tax shall be levied and collected, and shall have
the same priority rights, bear the same interest and penal-
ties and in every respect be treated the same as other City
taxes now are. Said amount so levied and collected shall
be kept in a separate fund for the payment of said interest
and principal and for no other purpose whatsoever.

SEC. 4. And be it further enacted, That a Commission
to be known as "Salisbury Incinerator and Sewage Treat-
ment Plant Commission", hereinafter called the Commis-