410 LAWS OF MARYLAND. [CH. 236

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Section 200 of Article 16 of the Code of
Public Local Laws of Maryland (1930 Edition), title
"Montgomery County," sub-title "County Treasurer," as
said section was amended by Chapter 462 of the Acts of
1931, be and it is hereby repealed and re-enacted with
amendments to read as follows:

200. Before entering upon the discharge of the duties
of the said office, the Treasurer of Montgomery County
shall take and subscribe before the Clerk of the Circuit
Court for said county the oath prescribed in Section 6 of
Article 1 of the Constitution of the State and shall give a
bond to be executed by himself and some surety or guar-
antee company to the State of Maryland in the penalty of
an amount fixed and with the condition prescribed in Sec-
tion 52 of Article 81 of the Code of Public General Laws
of this State relating to the bonds of collectors of State
taxes, and also a bond to the State of Maryland, executed
as above provided, in the penalty of $50,000 with the con-
dition that if he shall well and faithfully execute his office
and account for and pay to the Board of County Commis-
sioners of said county or other officer or agency entitled
thereto the several sums of money which he shall, receive or
be answerable for by law at such times as the law shall
direct, except for money which the said Treasurer has duly
deposited in a bank or banks designated as depositaries for
him by the Board of County Commissioners of Montgomery
County, which may be on deposit in said bank or banks at
the time of the failure or suspension of payment thereof,
then such obligation to be void, otherwise to be and remain
in full force and virtue in law; said bonds shall be approved
by the County Commissioners of said county, and new
bonds shall be given for each year that he shall hold office;
provided, that after the first year of his encumbency said
bonds may be executed and delivered at any time before
the annual levy of taxes is placed in his hands for collec-
tion, and further provided, that subject to the approval of
the Board of County Commissioners in lieu of a surety or
guarantee company as surety on the bond of said Treasurer
for the sum of $50,000 as herein provided, the Treasurer
may offer as surety not less than two substantial residents
and property owners of Montgomery County as surety, who
shall be approved by the Board of County Commissioners
of said county; and all such bonds shall be recorded in the
office of the Clerk of the Circuit Court for Montgomery
County, and if individual or personal surety are approved