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president of the board of said county commissioners,
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and countersigned by the clerk of said board; said
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Bear Interest.
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bonds to bear interest payable semi-annually, on the
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first day of April, and on the first day of October,
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in each and every year during which the said bonds
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may run and remain unpaid, and the coupons for
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interest on said bonds shall be receivable by the col-
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lector of taxes for said county in payment of county
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Proviso.
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taxes; provided, that said bonds shall be sold at
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public sale, to the highest responsible bidder, for
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cash, three weeks prior notice of time and place of
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sale having been given by advertisement in the two
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newspapers having the largest circulation in said
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county.
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SEC. 2. And be it enacted, That said bonds shall be
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Issued to ma-
ture.
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issued to mature at such dates as shall, not require
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the payment in any one year of more than four
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thousand dollars of the principal sum thereof, and
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shall be redeemable at the pleasure of the said
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county commissioners, at or before their maturity;
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but none of said bonds shall be issued to mature
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before the first day of April, in the year eighteen
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hundred and seventy- eight.
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SEC. 3. And be it enacted, That to redeem said
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bonds, the County Commissioners of Frederick
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Redemption.
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county shall annually levy upon the assessable prop-
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erty of said. county, a tax sufficient to pay the interest
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thereon, and the principal of such portion as may
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mature in each and every year after the date of their
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issue, and said levy shall be designated as " school
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fund."
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SEC. 4. And be it enacted, That the proceeds arising
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Proceeds.
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from the aforementioned bonds, shall be paid over
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by the county commissioners to the treasurer of
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the school commissioners of said county, who shall
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immediately apply said proceeds to the payment of
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the aforesaid indebtedness now due by said school
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commissioners, and to no other purpose.
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SEC. 5. And be it enacted, That hereafter the school
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Shall not ex-
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commissioners of said county shall not expend for
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pend.
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school purposes, or for any other purpose, a greater
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sum of money in any one year than shall be annually
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