WM. PRESTON LANE, JR., GOVERNOR. 81

shall sell said note, notes or other evidence of indebted-
ness at public or private sale or by direct negotiation with
any State or National banking institution or institutions
or other lending agency; subject, however, to the approval
of The Mayor and Council of Salisbury. The said Clerk of
Salisbury shall deliver said note, notes or other evidence
of indebtedness so sold to the purchaser or purchasers
thereof and receive the money therefor and shall report
under oath to The Mayor and Council of Salisbury his
proceedings in the premises as soon as possible after said
sale, with the name or names of the purchasers to whom
said note, notes or other evidence of indebtedness have
been sold and delivered, together with the sum of money
received therefor, which said sum shall be credited imme-
diately by the Clerk of Salisbury on his books to the 'Tire
Fighting Equipment and Apparatus Fund" to be applied
only for the purposes specified in this Act.

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 suffi-
cient to meet and pay the interest on said note, notes or
other evidence of indebtedness so issued and outstanding
and to meet and pay the principal of said note, notes or
other evidence of indebtedness 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. 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 this Act and
the note, notes or other evidence of indebtedness issued
thereunder are hereby specifically exempted from the pro-
visions of Sections 33-36, inclusive, of Article 31, title
"Debt—Public" of the Annotated Code of Maryland (1939
Edition), and all amendments thereto, and from the pro-
visions of Section 302 of Article 23 of the Code of Public
Local Laws of Maryland (1930 Edition), as said section
was enacted by Chapter 353 of the Acts of the General
Assembly of Maryland (Regular Session of 1933), and
that all laws or parts of laws, both public general and
public local, inconsistent with the provisions of this Act,
be and they are hereby repealed to the extent of such
inconsistency.