PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 1753

SEC. (4) And be it enacted, That the County Commission-
ers of said County shall .levy from year to year on the assess-
able property of said County such sum of money as shall in
their discretion be deemed necessary for the prompt payment
of the principal and interest of said bonds.

SEC. (5) And be it enacted, That all sums levied on account
of the principal of said bonds shall be collected by the County
Treasurer of Calvert County, or other officer or officers who
may be authorized by law to collect the State tax in said
County, or if there should be at any time no State tax levied
by law, then in that case by such County Treasurer, Collector
or other officer or officers as may be by law authorized to collect
the County taxes in said County, and shall be subject to the
order of the County Commissioners of Calvert County when
collected, and shall be by said County Commissioners deposited
iii some savings bank or trust company to meet the interest
upon said bonds, and to create a sinking fund for the redemp-
tion of said bonds at maturity, and a statement of the condi-
tion of said sinking 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 in-
vest said sinking fund in the purchase of the bonds hereby
authorized to be issued, or the stocks or bonds of this State,
or of other States of the Union, or of the City of Baltimore, or
of the counties or municipalities of this State, for the purpost
of creating a sinking fund for the redemption of said bonds
at maturity, and the interest, income or dividends derived from
such investments 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 may mature; and any
person or persons either as public officials or otherwise, who
shall direct, or attempt to divert said sinking fund, shall be
guilty of a misdemeanor, and upon indictment and conviction
shall be fined a sum not exceeding one thousand dollars, and
confined in the County Jail for a term not exceeding one year.

SEC. (6) And be it enacted, That until the payment in full
of the whole amount of the principal of said bonds, all divi-
dends 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 bv the