368 LAWS OF MARYLAND. [CH. 155

vided, the Comptroller shall cancel and surrender the bond
of said dealer for which such new bond shall be substituted.
In the event that upon hearing, of which the dealer
shall be given (5) days' notice in writing the Comptroller
shall decide that the amount of the existing bond is in-
sufficient to insure payment to the State of Maryland of
the amount of the motor fuel tax and any penalties and
interest for which said dealer is or may at any time become
liable, then the dealer shall forthwith, upon the written
demand of the Comptroller file an additional bond in the
same manner and form with a Surety Company thereon,
as hereinbefore provided, provided, however, that the total
amount of any such additional bond as well as the bond
required under the provisions of the first paragraph of
this section, shall not exceed the maximum of Twenty
Thousand ($20, 000. 00) Dollars, and the Comptroller shall
forthwith cancel the license certificate of any dealer fail-
ing to file an additional bond as herein provided.

Any surety on any bond furnished by any dealer as above
provided shall be released and discharged from any and
all liability to the State of Maryland accruing on such
bond after the expiration of sixty (60) days from the date
upon which such surety shall have lodged with the Comp-
troller, a written request to be released and discharged.
Provided, however, that such request shall not operate to
relieve, release or discharge such surety from any liability
already served, or which shall accrue, before the expira-
tion of said sixty-day period. The Comptroller shall
promptly on receipt of notice of such request notify the
dealer who furnished such bond, and unless such dealer
shall on or before the expiration of such sixty-day period file
with the Comptroller, a new bond with a Surety Company
duly licensed to do business under the laws of this State, in
the amount and form hereinbefore in this section pro-
vided, the Comptroller shall forthwith cancel the license
of said dealer. If such new bond shall be furnished by said
dealer as above provided, the Comptroller shall cancel and
surrender the bond of said dealer for which such new bond
shall be substituted. In lieu of the surety bond, required as
aforesaid, the dealer may deposit with the Comptroller
registered bonds of the Federal government and/or of the
State of Maryland, aggregating in market value the amount
of the bond as required by this section, and in the event
that the market value of said bonds falls below the amount
of bond as thus required, the dealer shall, upon receipt of
written notice thereof from the Comptroller, deposit addi-
tional bonds to meet such deficiency.