754 LAWS OF MARYLAND. [CH. 244

sioners in some bank, savings institution or trust company
paying interest thereon, and they may require from such bank,
savings 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 Commissioners and
the Treasurer of said county; and the 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 a rate of
interest greater than that paid by the depository or depositories
wherein the said money shall have been deposited; and after
the purchase and redemption of any such bonds by the said
Board of County Commissioners from the deposits to the credit
of said 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. 6. And be it further enacted, That the moneys aris-
ing from the sale of said bonds shall be paid to the joint order
of the said Board of County Commissioners of Carroll County
and the Treasurer of said county, and the said Treasurer shall
keep, in a book provided for this purpose, a full registry of
all bonds sold, the different series, serial numbers, of the bonds
and the names of the purchasers, the amounts realized therefor,
and all redemptions or maturities thereof; and the deposits of
the purchase money for said bonds shall, when not used for
immediate purposes, be made in some bank, savings institu-
tion or trust company, under the same conditions as herein-
before required for the sinking fund money and the interest
thereon.

SEC. 7. And be it further enacted, That the bonds so is-
sued to the amount of Two Hundred Thousand Dollars ($200, -
000. 00) for the construction or permanent improvement of pub-
lic roads shall be designated as "Carroll County Public Road
Bonds—Issue of (date of issue). "

SEC. 8. And be it further enacted, That whereas provi-
sion is hereinbefore made for a levy of taxes to pay the in-
terest on said bonds, if the said Board of County Commissioners
shall determine that the interest payable on any of said "Pub-
lic Road Bonds" can be paid out of the general fund levied
for county roads, they shall not be required to make special