WM. PRESTON LANE? JR., GOVERNOR. 669
on shall be signed by the Clerk of Betterton, or a facsimile
of. his signature shall be stamped, printed or engraved
thereon. Said bonds, when signed and attested as hereto-
fore directed, shall be delivered to the Clerk of Betterton,
and the bond of said Clerk of Betteron shall be respon-
sible for the safekeeping of said bonds and the proceeds
thereof. The President and Commissioners of Betterton
shall sell said bonds either before or after the prepara-
tion thereof at public or private sale in such amount, not
less, however, than Five Hundred Dollars ($500. 00) at
any one time and not exceeding in the total the sum of
Thirty Thousand Dollars ($30, 000. 00), and at such time
as the President and Commissioners of Betterton, in their
discretion, and in the furtherance of the purposes for
which this bond issue is created, may deem proper. It is
especially intended that the power hereby vested in said
President and Commissioners shall be a continuing power
until the whole Thirty Thousand Dollars ($30, 000. 00)
shall have been issued and sold. The said President of the
Commissioners shall deliver said bonds so sold to the pur-
chaser or purchasers thereof, and receive the money there-
for, including any premiums thereon, and said money, in-
cluding said premiums, if any, shall be immediately depos-
ited in some bank and credited on the books of the town to
the "Betterton Sewer Bonds" to be applied only for the
purposes specified in this Act. Provided, however, that any
balance of the proceeds of said bond issue not required for
the purposes hereinbefore specified shall be applied for the
redemption of said bonds.
SEC. 3. And be it further enacted, That the Commis-
sioners of Betterton shall annually levy upon all the assess-
able property liable to taxation in the town of Betterton
at the regular tax levying period an amount, which
together with any special assessment taxes and sewer
rentals levied and collected as provided by ordinance, shall
be sufficient to meet and pay the interest on said bonds
so issued and outstanding, and to meet and pay the prin-
cipal 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 penalties and in every respect be treated the same as
other city taxes now are. Notwithstanding any statutory
or other limitation, said taxes may be levied without limi-
tation as to rate or amount. Said amounts 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.
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