408 LAWS OF MARYLAND. [Oh. 209]

to meet said bonds at their maturity; and if the fund
arising from the fees paid for liquor licenses shall not be suffi-
cient to meet the said bonds as they respectively mature, then
the County Commissioners shall levy a sum annually to meet
such deficiency, which sums so levied shall be taken and are
hereby declared set apart for such sinking fund and for imme-
diate investment as hereinafter provided; and no portion of
said sinking fund shall be diverted to any other purpose than
to the purchase or liquidation of said bonds; and the said sum
shall be a first lien on such levies respectively, and free from
all insolvencies. Said sinking fund shall be under the control
and management of said County Commissioners, and the money
belonging thereto, provided that the said County Commissioners
are authorized and empowered whenever they shall have any
moneys to the credit of the sinking fund to purchase any bonds
of St. Mary's county for this purpose at a premium not exceed-
ing one per centum. The said County Commissioners shall
keep such securities in which said sinking fund is invested in
some safe deposit box in a vault or safe deposit company in
the State of Maryland, in a secure box locked with two divers
locks, the key of one of which shall at all times be kept by the
County Treasurer and the other by the president of the said
Board of County Commissioners; and the money belonging
to said sinking fund, until its investment, shall be deposited
in some national bank by the said commissioners to the credit
of the sinking fund of St. Mary's county, and shall be drawn
out for investment as aforesaid only by check or warrant signed
by at least two members of said Board of County Commission-
ers, and countersigned by the County Treasurer. In making
said investments or changing the same, a majority of the said
Board of County Commissioners shall concur, and such majority
of the Board of County Commissioners likewise be present
whenever said box in said bank or safe deposit company shall be
opened; and in each annual statement of the financial affairs
of St. Mary's county aforesaid, a full statement shall be made
of the condition of said sinking fund, and the securities thereof;
and any of the county funds which shall be purchased from
the sinking" fund by the County Commissioners shall be imme-
diately cancelled and destroyed; and at the time of selling said
bonds they shall register them by number, to whom sold and at
what price. Provided, further, that after the fund realized
from the sale of the said issue of bonds shall be exhausted in
the road work, that then the County Commissioners are author-
ized, empowered and directed to levy annually ten thousand
dollars for the maintenance, repair and construction of the pub-