ARI. 2.] BALTO. AND DRUM POINT RAILROAD CO. 171B

may be authorized by law to collect the State taxes in the said
county; or, if there should be at any time no State tax levied by
law, then, and in that case, by such collector or collectors or other
officer or officers who may be by law authorized to collect the
county taxes in said county, and they shall be paid by him or them
into the treasury of the State, to be invested by the treasurer in
the purchase of the bonds hereby authorized to be issued, or the
stock or bonds of this State, or in such other safe and produc-
tive bonds, stock or funds, as he may deem advisable 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 treasurer; and the said sinking fund and the investment
thereof shall be kept sacred and inviolate for the redemption of
the said bonds, and the treasurer shall sell and dispose of the said
investment and apply the proceeds thereof in payment of the
said bonds.

1872, ch. 245.

269. Until the payment in full of the whole amount of the
principal of the said bonds, all dividends which may be deckred
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
said county and held by the said commissioners, be paid by the
said company into the treasury of the State, to be also in like
manner invested in increase of the said sinking fund.

Ibid.

270. The said county commissioners shall have power at any
time out of any surplus funds belonging to the said county, to pur-
chase and retire any of the bonds authorized to be issued at the
then market value thereof, 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 par-
ticulars of the said bonds, respectively; provided, that no bonds
shall be purchased unless all the coupons thereof, respectively, not
then due, shall remain attached to such bonds at the time of
such purchase.