428 ARTICLE 2.

and shall be subject to the order of the County Commissioners of 'Anne
Arundel County when collected, and shall be by said County Commis-
sioners deposited in some savings bank or trust company to meet the
interest upon said bonds, and to create a sinking fund for the redemption
of said bonds at maturity, and a statement of the condition of said sink-
ing 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 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
County Commissioners, and the said sinking fund and the investment
thereof shall be kept sacred and inviolate for the redemption of 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 convic-
tion shall be fined a sum not exceeding one thousand dollars, and confined
in the county jail for a term not exceeding one year.

Until the payment in full of the whole amount of the principal of said
bonds all dividends 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 Commission-
ers, be paid by the said company to said County Commissioners to be
invested by them in the increase of said sinking fund, is invested in
stocks and bonds, as provided in this Act, it shall be the duty of the
County Commissioners to publish during the first week of January in
each year, under their hands and seals, in the newspapers published in
Anne Arundel County doing the county printing a full statement of the
exact condition of said sinking fund.

The said County Commissioners shall have power at any time out of
any surplus funds belonging to the said county to purchase and retire
any of the bonds hereby authorized to be issued at their market value.
And the same to cancel and destroy, after entering upon their books the
date of such purchase and of such cancellation, and the dates, amounts,
numbers and other particulars of the said bonds, respectively; provided,
that no bonds shall be purchased unless all coupons thereof, respectively,
not then due shall remain attached to such bonds at the time of purchase.

No bonds shall be delivered to the said railroad company by the said
County Commissioners until first the said railroad of the said company
shall be built and completely constructed, equipped, put in running order
and open for regular passage and freight service from the tide water at
Drum Point on the Chesapeake Bay through Calvert and Anne Arundel