848 LAWS OF MARYLAND [CH. 444

lows: Fifteen Hundred Dollars ($1, 500. 00) of principal
payable each year, after ten years, from the date of issue,
and redeemable in any amount after 15 years, at the option
of said Burgess MAYOR and Council, such bonds to be
signed by the Burgess MAYOR and attested by the clerk,
with the corporate seal of the town attached and registered
by the Treasurer of said town in a book kept by him for
this purpose. The said bonds shall be sold by the Treasurer
at such times and in such manner and amounts as the
Burgess MAYOR and Council may direct, but shall not be
sold for less than their face value. They shall be numbered
consecutively, and redeemed in the same order, and when
any of the said bonds have been selected for redemption,
the holder of such bond or bonds shall be notified thereof,
or, if unknown, notice of such redemption shall be given by
advertising in at least two newspapers published in Wash-
ington County for ten days, and where to be paid, and
interest shall cease on such bonds called for redemption
from and after the date fixed for redemption.

SEC. 4. And be it further enacted, That the Treasurer
shall receive and account to the Burgess MAYOR and
Council for the proceeds arising from the sale of all
bonds made by him, and shall only disburse or pay out
any of such proceeds upon the order or warrant of the said
Burgess MAYOR and Council, duly signed by the Burgess
MAYOR and attested by the clerk.

SEC. 5. And be it further enacted. That the said Bur-

gess MAYOR and Council are hereby directed to apply the
revenues and receipts arising from water rents, first to the
necessary care, repairs, betterment and maintenance, en-
largement or extension of the Water Works system; and
after such expenditures, then to the payment of the interest
on said bonds; and any remainder of such revenue and
receipts to be safely invested in a linking fund to be applied
to the payment of the principal of such bonds as soon as
they become redeemable. And in case the aforesaid revenues
and receipts are insufficient to pay the interest on said
bonds when due, or to redeem said bonds when redemption
is called for or determined upon, the said Burgess MAYOR
and Council are hereby authorized to apply any receipts
from fines and licenses, or balance of general fund; and are
also hereby authorized and empowered to levy on the tax-
able property of said town a special tax sufficient to make
up the deficit, if any, from previously named sources, and
any balance unused from this special tax to go to said
sinking fund, and in no instance shall such moneys be
diverted from the purpose of this Act.