1258 LAWS OF MARYLAND [CH. 663

from the State to the aid of the several counties for the pur-
pose of improvements of the public roads in said county.

SEC. 9. And be it further enacted, That for the purpose
of redeeming said bonds at their maturity and for securing
the prompt payment of the interest coupons, the said Board
of County Commissioners shall, for the year 1921 and annually
thereafter, until the maturity of the last of said bonds, issued
under the authority of this Act, levy a tax upon the assess-
able property of said county sufficient to pay the annual inter-
est on said bonds sold and unpaid; and also in addition thereto,
for the sinking fund, they shall levy an amount, which, with
accumulated interest thereon, will enable them to meet the
several series of bonds issued under this Act, as they shall
severally become due.

SEC. 10. And be it further enacted, That the money for the
sinking fund levied annually as provided in the preceding sec-
tion shall be deposited by the said County Commissioners in
some bank, savings institution or trust company paying inter-
est thereon, and they may require from such bank, savings
institution or trust company a good and sufficient bond in the
penalty of no less than ten per cent above the amount of money
so deposited ; and the money so deposited to the credit of said
sinking fund shall be drawn only on cheques signed by the
President of the said Board of County Commissioners and the
County Treasurer; and the said sinking fund may be used at
anytime in the purchase and redemption of any of said bonds
when the purchase price shall secure a rate of interest greater
than that paid by the depositor or depositories wherein the said
money shall be deposited; and after the purchase and re-
demption of any such bonds by the said County Commis-
sioners from the deposits to the credit of the sinking fund, the
same shall be immediately destroyed, and no portion of the
said sinking fund shall be diverted to any other purpose than
the liquidation of said bonds.

SEC. 11. And be it further enacted, That the monies arising
from the sale of said bonds shall be paid to the joint order of
the Board of County Commissioners of Carroll County and
the Treasurer thereof; and the said Treasurer shall keep in
a book, to be provided for this purpose, a full registry of the
bonds sold, the different series, serial numbers of the bonds
and names of the purchasers, the amount realized therefor and