780 LAWS OF MARYLAND. [Ch. 548]

SEC. 5. And be it enacted, That said bonds shall be denomi-
nated "Anne Arundel County Jail Bonds," and shall be issued
in amounts not exceeding one thousand dollars ($1,000), not
less than one hundred ($100) each, and shall be signed by the
President of the Board of County Commissioners of Anne
Arundel County, sealed with its corporate seal, attested by the
signature of the clerk of said board, and dated this first day
of July, 1912. Such bonds shall bear interest at the rate of
four and one-half per centum per annum, payable on the first
day of January and July in each year, until the said bonds are
respectively paid; for which semi-annual interest proper inter-
est coupons payable to bearer shall be attached to said bonds to
be signed by the President of said Board of County Commis-
sioners of Anne Arundel County and countersigned by the
clerk thereof, and shall be received by the Collector of Taxes
for said county in payment of county taxes. Said bonds shall
be made payable to the bearer and shall be forever exempt from
all taxation in Anne Arundel county and the City of Annapolis
other than taxation for State purposes, and shall have printed
on them a distinct reference to this act as authorizing the issue
thereof, and the faith and assessable property of said Anne
Arundel county are hereby pledged for the payment and
redemption of said bonds and interest.

SEC. 6. And be it enacted, That said bonds shall be issued
in ten series, each consisting of one-tenth of the amount of bonds
to be issued, and shall be payable and redeemable as follows:
The first series five years after date, the second series ten years
after date, the third series fifteen years after date, the fourth
series twenty years after date, the fifth series twenty-five years
after date, the sixth series thirty years after date, the seventh
series thirty-five years after date, the eighth series forty years
after date, the ninth series forty-five years after date, and the
tenth series fifty years after date.

SEC. 1. And be it enacted, That the money arising from the
sale of said bonds, shall be paid to the Treasurer of Anne
Arundel County and be deposited and kept by him as a separate
fund from all other moneys in his hands or paid to him, and
shall be designated "The Jail Building Fund," and he shall
keep in a book for that purpose a registry of the bonds, and the
names of the purchasers and the amounts realized, and the pay-
ment of the coupons and the redemption and cancellation of
the principal thereof.

SEC. 8. And be it enacted, That the fund realized from the
sale of said bonds shall be applied to the purposes set forth in