FRANK BROWN, ESQUIRE, GOVERNOR.

741

taxes levied therefor but remaining uncollected in each of

the following years, respectively, to wit ; eighteen hundred

and seventy-four, eighteen hundred and seventy-five, eigh-

teen hundred and seventy-six, eighteen hundred and sev-

enty-seven, eighteen hundred and seventy-eight, eighteen

hundred and seventy -nine, eighteen hundred and eighty,

eighteen hundred and eighty-one , and the residue of the

proceeds of said bonds (not including any premium

thereon) shall be used for the payment of the current

expenses of said county beginning with and including those

years provided for by the annual levy for said county made

in March, eighteen hundred and ninety-two ; and the

expenses of the county thereafter.

6. The County Commissioners of Prince George's County

aforesaid shall in each year levy upon the assessable prop-

To levy a

erty in said county such a sum of money as may be required

Bum to pay

interest.

to pay the interest on said bonds as said interest shall

become due ; and the said commissioners at their levy lay-

ing term in the year nineteen hundred and two, and at each

successive levy laying term thereafter, as long as may be

necessary, shall levy the sum of four thousand dollars,

which said sums, when collected by the respective treasurers

and collectors of taxes for said county, shall constitute a

sinking fund for the redemption of said bonds ; and the first

four thousand dollars of county taxes collected in each of

the several years aforesaid out of the total levy of said years,

respectively, shall be taken, and are hereby declared set

apart for such sinking fund and for immediate investment

as hereinafter provided, and shall be a first lien on such

levies respectively; said sinking fund shall be under the

control and management of said county commissioners, and

the money belonging thereto shall be invested only in the

securities of the United States, the State of Maryland, of

the city of Baltimore and of the counties of the State of

Maryland ; said county commissioners shall keep said securi-

ties in some safe deposit company in the State of Maryland,

in a secure box locked with two diverse locks, the key of one

of which shall, at all times, be kept by the county treasurer

and that of the other by the president of the board of com-

missioners of said county, and the money belonging to said

fund until its investment, shall be held by the treasurer

of said county ; in making said investment or in changing

the same, a majority of the whole board of county com-

missioners shall concur, and such majority of the board of

county commissioners shall likewise be present whenever

said box in said safe deposit company shall be opened, and

in each annual statement of the affairs of Prince George's