JAS. BLACK GROOME, ESQUIRE, GOVERNOR. 421

to endorse the bonds of a railroad running from a
point near Belair, to a point on the Pennsylvania
line near Delton, to the amount of fifty thousand
dollars, upon the condition that said endorsement
shall first be secured to the satisfaction of said
County Commissioners, by a first mortgage on said
road.
SEC. 3. And be it enacted, That this act shall be
advertised in the newspaper or newspapers published	Advertised
in Harford county, for two months preceding the
next election, to be held for members of the House
of Delegates, and be subject to the approval of a
majority of all the members elected to each House
of the General Assembly of Maryland.
SEC. 4. And be it enacted, That the said bonds shall	Exempt from
be exempt from county and municipal taxation, and	taxation
the faith of Harford county is hereby pledged for
the redemption thereof.
SEC. 5. And be it enacted, That the County Com-
missioners of said county shall levy annually on the	Levy annually.
assessable property in said county, such sum or sums
of said money as shall be necessary for the prompt
payment of the interest on the said bonds, and for
the creation of a sinking fund for the payment of
the principal of said bonds, such levy however not to
exceed in any one year the rate of fifteen cents on
the one hundred dollars of assessable property ; and	Amount levied.
the amount so levied from year to year for the pay-
ment of the principal of said bonds, shall be paid
into the Treasury of the State, to be invested by the
Treasurer in the bonds to be issued under the pro-
visions of this act, or in the stocks or bonds of this
State, or in such other productive stock, bonds or
funds as the Treasurer may deem advisable; and
the interest, income or dividends from such invest-
ments shall also be invested from year to year in the
same manner, and the said investments and the
increments thereof, shall constitute a sinking fund	Sinking fund
for the redemption of the said bonds at maturity,
and shall be kept sacred and inviolate for said pur-
pose; and upon the maturity of the said bonds, the
Treasurer shall sell and dispose of the said invest-
ments, and apply the proceeds thereof in payment of
the said bonds ; and all taxes so levied by the said