ALBERT C. RITCHIE, GOVERNOR. 189

several series of bonds issued under this Act, as they shall
Severally become due.

SECTION 5. And be it enacted, That the money for the
sinking fund levied annually as provided in the preceding
section shall be deposited by the County Commissioners in
some saving institution or trust company paying interest
thereon, and they shall require from such saving institution or
trust company a good and sufficient bond in the penalty of not
less than ten per cent above the amount of money so de-
posited; and the money so deposited to the credit of said
sinking fund shall be drawn, only on cheques signed by the
President of the. Board of County Commissioners, and the
County Treasurer and said sinking fund may be used at any
time in the purchase and redemption' of any of said bonds,
when the purchase price shall secure the rate of interest
greater than that paid by the depository or depositories where-
in the said money shall be deposited; and after the purchase
and redemption of any such bonds by the said County Com-
missioners 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 liquidation of said bonds; and should said County Com-
missioners or any other person having charge of said sink-
ing fund suffer the same to be diverted or applied to any other
purpose than the purchase or redemption of the said bonds,
at or before the maturity thereof, then such members of the
Board of County Commissioners who shall, by their vote,
agree to such diversion, shall be deemed guilty of a mis-
demeanor, and shall be subject to a fine of not less than the
amount applied or diverted, and upon failure to pay said
fine and costs, may, in the discretion of the Court trying the
case, be committed to jail until said fine and costs are paid.

SECTION 6. And be it enacted, That the monies arising
from the sale of said bonds shall be paid to the joint order of
the President of the Board of County Commissioners of Cecil
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 all transfers or assignments thereof; and the
deposits of the purchase money for said bonds shall, when not
used for immediate purpose, be made in some savings institu-