1870 LAWS OF MARYLAND. [CH. 758

missioners shall certify to the Sewerage Commission the
whole valuation of their assessable property in the Sewerage
District, stating separately the valuation of such property
within the City of Annapolis and the valuation of such
property outside of such City. Said Sewerage Commission
shall then determine the amount necessary to be raised for
the ensuing year for the payment of interest and propor-
tionate part of principal of all outstanding bonds, and the
payment of funds as provided under Section 93, the amount
to be paid on the principal of said bonds in any one year
to be determined by the usual table of redemption of bonds
as annual deposit in a sinking fund on interest, and after
deducting all amounts in hand applicable to payment of in-
terest and principal on said bonds, as hereinafter provided,
it shall determine the proportion and amount to be raised
upon property within the City and the proportion and
amount to be raised upon property outside of the City and
shall so certify to the two agencies. Each of said agencies
in its next annual levy, shall raise the amount so certified
to it by levying a tax on all land and improvements and any
other property assessed for county or municipal tax pur-
poses within 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 respective 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
the prevailing rate of interest payable on accounts of this
nature by banks in the City of Annapolis 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
payment 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