314

LAWS OF MARYLAND.

SEC. 3. And be it enacted, That the said bonds shall be sold

Bonds' matur-
ity.

by the County Commissioners of Howard County aforesaid,

to the highest bidder for cash, for not less than their par value,

and said bonds shall be exempted from county and municipal

taxation, and said bonds shall be issued to mature not earlier

than twenty years nor later than thirty years from the date

of their issue, in the discretion of the Board of County Com-

missioners, but said County Commissioners shall have the

power to redeem any of the said bonds after the expiration of

ten years.

SEC. 4. And be it enacted, That the County Commissioners

To form a

of Howard County shall annually levy upon the assessable

sinking fund.

property of the district so petitioning, at the time of making

the county levy, such a sum of money as may be necessary

to pay the interest on said bonds, and to form a sufficient

sinking fund for the payment of the principal at the maturity

of said bonds, which shall be collected as other county taxes

are collected.

SEC. 5. And be it enacted, That the money arising by the

"Road Fund."

issuing and sale of said bonds, and the amount levied and

invested on account of the sinking fund aforesaid, together

with the interest arising- from such investment, shall be des-

ignated as the "Road Fund" of the district for which it is

used.

SEC. 6. And be it enacted, That the proceeds arising from

Proceeds from
the sale of

the sale of the said bonds shall be applied to the building

bonds.

and repairing of the county roads, bridges and culverts solely

in the district which petitioned the County Commissioners

for the issuing of the said bonds, and in no other district

and for no other purpose ; provided, however, that when any

road, bridge or culvert shall form the boundary between

districts the County Commissioners shall assign to each district

its portion of said road, bridge or culvert; and the said roads,

bridges and culverts shall be built or repaired under the

supervision of an engineer, which engineer shall be appointed

by the County Commissioners, and paid out of the funds

arising from the sale of said bonds.

SEC. 7. And be it enacted. That it shall be the duty of the

Duties of en-

said engineer to superintend the construction and repair of all

gineer.

roads, bridges and culverts in their respective districts, he

shall submit to the County Commissioners specifications and

plans for the repairs or improvements of such roads, bridges

and culverts, including all work done or given out under

the contract ; but no engineer shall have any pecuniary interest