842 LAWS OF MARYLAND. [CH. 286

the same interest and penalties and in every respect be treated
the same as county taxes. The tax so levied for the ensuing
year shall be collected by the tax collecting¹ authorities and
every sixty days they shall remit the whole amount of the tax
so collected to the said Commission. From the money so re-
ceived, together with the amount in hand to the credit of said
bond fund, said Commission shall first pay all interest on said
bonds as it matures, and shall then deposit in some bank or
banks in Montgomery County to the credit of the County Com-
missioners of Montgomery County and said Commission, as a
joint fund, to be known as the "Sinking Fund Account, " the
amount so raised for payment of the principal of said bonds.
Said Commission and the said County Commissioners shall,
from time to time, invest said Sinking Fund in any bond or
bonds in which savings or trust funds are authorized to be
invested by National Banks by the United States Treasury
Department. Should receipts from said tax or other sources be
inadequate to deposit the principal payment on said bonds, by
reason of defaults or otherwise, said deficiency shall be added
to and collected in the next year's tax. The said Commission
is authorized to pay the interest on any bonds it may issue
prior to the first tax levying period out of the proceeds of the
sale of said bonds. In order that the prompt payment of inter-
est and the proper provision for the payment of the principal
of said bonds shall be assured, the prompt and proper perform-
ance of the respective acts and duties heretofore defined is
specifically enjoined, and any failure upon the part of any
person, persons, body corporate or agent to perform the neces-
sary acts and duties hereafter set forth, to pay over the said
funds as required or to use said funds or any part thereof for
any other purpose than for the payment of the principal and
interest on said bonds, is hereby declared a misdemeanor
and punishable as other misdemeanors are punishable under
Section 18 of this Act. In the event that the amount necessary
to be levied in any year on the assessable property within that
portion of the district within Montgomery County to pay the
interest and principal on such bonds as may be issued does not
require a levy of a tax of seven cents on each $100. 00 of
assessable property, then the County Commissioners of Mont-
gomery County are authorized and directed to levy a tax of
seven cents 011 each $100. 00 of assessable property within that
portion of the district within Montgomery County and to pay
over to the Commission for the purposes set forth in Section 8