194

LAWS OF MARYLAND.

to levy a tax, not exceeding twenty cents on the

hundred dollars, on the taxable property of Washing-

ton county, in each and every year, for the purpose of

raising therefrom a sum of money as a sinking fund

for said county to enable it to meet and pay off its

bonded indebtedness.

Pay bonded

SEC. 2. And be it enacted, That should the County

debt.

Commissioners of Washington county in any year

deem it expedient to lay such tax, as provided for in

the first section of this act, then it shall be their

duty, and they are hereby directed to apply the

money arising from the imposition of such tax,

either in the payment or purchase of the bonded

debts of said county, or in the purchase of those

bonds of the Western Maryland Rail Road Company

which are endorsed by Washington county, and the

use of the money in any other way than as prescribed

in this section is absolutely prohibited.

To be destroyed

SEC. 3. And be it enacted. That whenever any of

the bonded indebtedness of Washington county

shall be purchased or redeemed by the said County

Commissioners as aforesaid; the said bonded in-

debtedness so as aforesaid redeemed or purchased,

shall be immediately destroyed by the said County

Commissioners, after first having recorded in a book

to be kept for said purpose, the time of the purchase

of any of said bonded indebtedness, the demomi-

nation thereof, the number of said bond or bonds

and the price paid thereof.

To be deposited

SEC. 4. And be it enacted, That should the said

County Commissioners, from the money raised by

the provisions of this act, at any time purchase any of

the bonds of the Western Maryland Rail Road Com-

pany, which are endorsed by Washington county,

the said bonds, so as aforesaid purchased, shall be

immediately deposited by the said County Commis-

sioners in the vaults of some bank located in Ha-

gerstown for safe keeping, after first having record-

ed in a book to be kept for that purpose, the time

of the purchase of any of said bonds, the denomina-

tion thereof, the number of said bonds, and the price

paid therefor.

Approved, 27th March, 1874.