FRANK BROWN, ESQURE, GOVERNOR.

said bonds, the excess thereof shall be invested as hereinafter
provided for, the sinking fund to meet said bonds at their
maturity; and if the fund arising from the fees paid for liquor
licenses shall not be sufficient 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

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shall be taken and are hereby declared set apart for such
sinking fund, and for immediate investment as hereinafter
provided; and no portion of said sinking fund shall be diverted
to any other purpose than to the purchase and 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 shall be
invested only in the securities of the United States, the State
of Maryland, the city of Baltimore, and of the counties of
the State of Maryland; provided, that it may in the discretion
of the said County Commissioners be invested in the bonds
hereby authorized to be issued, in which event such bonds so
purchased shall be immediately cancelled by said commis-
sioners; the said County Commissioners shall keep such
securities in which said sinking fund is invested 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 treasurer to the Board of County
Commissioners, and the other by the president of said board,
and the money belonging to said sinking fund until its invest-
ment 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 Commissioners, and countersigned by
the treasurer of said board. 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 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.

Sinking fund.

SEC. 5. The money arising from the sale of said bonds shall
be deposited by the County Commissioners aforesaid, in some
national bank, and the same shall be drawn out only by check
or warrant of said board, countersigned by at least two of said

Money to be
deposited
in bank.