PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 407

day of January and the first day of July in each year, which
bonds shall be payable in the following manner, to wit: Ten
thousand dollars thereof in five, years from the date of their
issue; fifteen thousand dollars thereof in ten years from the
date of their issue; twelve thousand five hundred dollars in
twenty years from the date of their issue; twelve thousand five
hundred dollars in twenty-five years from the date of their
issue; and twelve thousand five hundred dollars in thirty years
from the date of their issue, but of this issue of seventy-five
thousand dollars of bonds, only twenty-five thousand dollars of
them shall be sold in the year 1912, and the balance in sums
not exceeding twelve thousand five hundred dollars each subse-
quent year; provided the necessities of the road shall require
the sale of such amount, and the fifty thousand dollars remain-
ing shall be deposited in a safe deposit box and at the time
of the sale of such bonds the coupons then matured shall be
cut off by the County Commissioners and burned, so that in
making said sale that the said county will not make itself liable
for any interest for past years. The said bonds shall be signed
by the president of the Board of County Commissioners and
countersigned by the County Treasurer, and sealed with the
corporate seal of the said Board of County Commissioners, and
they shall have printed on them a distinct reference to the act
by which they were authorized; and the same shall be sold
either by sealed bids or at auction at the courthouse door at
Leonardtown, in the discretion of the said Board of County
Commissioners, and they shall not be sold for less than their
par value, and the said advertisement shall be inserted in the
St. Mary's Enterprise and St. Mary's Beacon, and one or more
papers published in the cities of Baltimore, and Washington,
D. C. Said bonds shall be issued in serial numbers in the sums
of not less than five hundred dollars nor more than one thousand
dollars, and shall have attached thereto coupons for the semi-
annual interest, which coupons shall be destroyed immediately
on their payment.

SEC. 7. The County Commissioners of St. Mary's County
aforesaid shall in each year levy upon the assessable property
in said county such a sum of money as may be required to pay
the interest on said Bonds as said interest shall become due;
provided, that the said commissioners shall before levying to
pay said interest, first exhaust the money paid to said county
for liquor licenses in the payment of such interest and provid-
ing for the sinking fund; and if the money thus received shall
exceed the interest on said bonds, the excess thereof shall be
invested as hereinafter provided for, for the said sinking fund