228

LAWS OF MARYLAND.

How

collected.

SEC. 5. And be it enacted, That all sums levied on account
of the principal of said bonds shall be collected by the County
Treasurer of Anne Arundel County, or other officer or officers
who may be authorized by law to collect the State taxes in
said county, or if there should be at any time no State tax
levied by law, then in that case by such county treasurer,
collector, or other officer or officers as may be by law author-
ized to collect the county taxes in said county, and shall be
subject to the order of the County Commissioners of Anne
Arundel County when collected, and shall be by said County
Commissioners deposited in some savings bank or trust com-
pany to meet the interest upon said bonds, and to enact a
sinking fund for the redemption of said bonds at maturity,
and a statement of the condition of said sinking fund to be
certified to by the president and secretary of the savings
bank or trust company where said sinking funds are deposited;
shall be published each year during the first week in January

May invest in
bonds, etc.

in the papers doing the county printing; or the said County
Commissioners may invest said sinking fund in the purchase
of the bonds hereby authorized to be issued, or the stock or
bonds of this State, or of other States of the Union, or of the
City of Baltimore, or of any of the counties or municipalities
of this State, for the purpose of creating a sinking fund for
the redemption of said bonds at maturity, and the interest,
income or dividends derived from such investment shall also
be from time to time so invested by the said County Commis-
sioners, and the said sinking fund and the investment thereof
shall be kept sacred and inviolate for the redemption of
the said bonds as they shall mature; and any person or
persons, either as public officials or otherwise, who shall
divert, or attempt to divert, said sinking fund, shall be guilty
of a misdemeanor, and upon indictment and conviction shall
be fined a sum not exceeding one thousand dollars, and con-
fined in the county jail for a term not exceeding one year.

Payment
of principal.
Dividends,

SEC. 6. And be it enacted, That until the payment in full
of the whole amount of the principal of said bonds, all divi-
dends which may be declared by the said company upon the
said stock so to be subscribed for shall so long as the said
stock shall continue to be owned by the county and held by
the County Commissioners be paid by the said company into
the said sinking fund to be invested, as hereinbefore provided in
the increase of said sinking fund, is invested in stocks and
bonds, as provided in Section five. It shall be the duty of the
County Commissioners to publish during the first week in
January in each year under their hands and seals in the news-