1110 LAWS OF MARYLAND. [CH. 541

and empowered to issue and sell all or any part of said
bonds at any time, and from time to time, either at pub-
lic or private sale and upon such terms at, above or below
par amount thereof as said Board of County Commission-
ers of Montgomery County may, in their sole discretion,
determine to be for the best interests of the people of
Montgomery County. All interest accrued between the date
of said bonds and the time of the delivery of and payment
for the same shall be adjusted with the purchaser thereof
to the date of such payment. All payments of the pur-
chase price for such of said bonds as may be sold shall
be made to the Treasurer of Montgomery County, whose
duty it shall be immediately thereafter to apportion said
proceeds and deposit so much thereof as may be necessary
in each of the banks or trust companies or other institu-
tions designated as paying agents for said maturing bonds,
notes or other obligations, in accounts to be entitled:
Treasurer of Montgomery County in Trust for the Payment
of

(Here insert name or designation of such maturing
bonds, notes or other obligations)
of the County Commissioners of Montgomery County.

SEC. 5. And be it further enacted, That the proceeds
of such of said bonds as may be sold under the provisions
of Section 1, Sub-section (a), of this Act, at any time, are
hereby dedicated, and when received by the Treasurer of
Montgomery County shall be applied by him in the man-
ner hereinabove provided exclusively to the refunding or
retirement of any or all of the following maturing obliga-
tions of the County Commissioners of Montgomery County:
$1, 000. 00 Rockville and Brookeville Turnpike Bonds issued
pursuant to the authority of Chapter 257 of the
Acts of 1898, and maturing as to $500. 00 principal
amount thereof on January 1, 1936, and as to $500. 00
principal amount thereof on January 1, 1937.
$10, 000. 00 Dispensary System Bonds issued pursuant to
the authority of Chapter 2 of the Acts of the 1933
Special Session, and maturing on January 1, 1937.
$20, 000. 00 General County Bonds of 1934, Series A, issued
pursuant to the authority of Chapter 162 of the Acts
of 1933, and maturing as to $10, 000. 00 principal
amount thereof on January 1, 1936, and as to $10, -
000. 00 principal amount thereof on January 1, 1937.
$10, 000. 00 General County Bonds of 1934, Series B, issued
pursuant to the authority of Chapter 25 of the Acts
of 1933, and maturing as to $5, 000. 00 principal amount