1000 LAWS OF MARYLAND. [Cir. 4S5

Dollars ($540,000) is exhausted; and in the work to be done
upon said roads from the monies hereby negotiated, the said
Board of County Commissioners and said Commission may
in its discretion, use such monies as a separate, individual fund,
or it may use the same in connection with any State appropria-
tion guaranteed to the several counties of the State under ex-
isting laws, or in connection with any other Act that may be-
come a law appropriating other or further sums of money from
the State to the aid of the several counties for the purpose
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 assuring the
prompt payment of the interest coupons, the said Board of
County Commissioners shall, for the year 1922 and annually
thereafter, until the maturity of the last of said bonds, issued
Tinder the authority of this Act, levy a tax upon the assessable
property of said County sufficient to pay the annual interest
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
section shall be deposited by the said County Commissioners
in some bank, savings institution or trust company paying
interest thereon, and they may require from such bank, sav-
ings 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 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 Com-
missioners 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 redemption of any such bonds by the
said County Commissioners from the deposits to the credit
of the sinking fund, the same shall be immediately destroy-
ed, and no portion of the said fund shall be diverted to any
other purpose than the liquidation of said bonds.