PRINCE GEORGE'S COUNTY. 4075

1914, ch. 793, sec. 529J.

921. If the return of the Board of Supervisors of Election, to the
Board of County Commissioners, shows a mjajority of votes in favor of
said bond issue, then the County Commissioners shall issue said bonds,
and all other bonds issued for the purposes of this Act in such denomina-
tions as they deem best, and offer all such bonds in the open market for
cash, to the highest bidder, by sealed proposal, after advertisement in the
County papers, a paper in Washington City and one in Baltimore City,
at least once a week, for a period of four weeks.

The bonds shall be known as Prince George's County Sewerage and
Drainage Bonds. They shall be non-contestable for any cause and ex-
empt from all taxation, and shall bear interest, not to exceed five per
cent, per annum, payable semi-annually. They shall run for a period
not exceeding twenty-five years, and shall be signed by the President of
the County Commissioners of said County, and countersigned by the Clerk
of the said Board with the Corporation Seal of said Board of County
Commissioners affixed, and shall contain a distinct reference to the Sewer-
age and Drainage district or area for which issued.

The bonds issued under this Act, shall be a first lien upon all land
and Improvements thereon, within the said district or area, subject only
to the lien for regularly levied State and County taxes, and regularly
levied municipal taxes where levied against land within an incorporated
municipality, existing at the date of said bonds.

1914, ch. 793, sec. 529K.

922. All moneys received from the sales of Sewerage and Drainage
Bonds by the County Commissioners, shall, after the expenses incident to
surveys, election, and advertisement are deducted, be deposited as a
separate account in the responsible bank or banks or financial institution
or institutions offering the best interest investment, for such period as
the entire amount or part of the entire amount of the net proceeds of said
bond sale shall be on deposit.

All moneys received through the levying of Sewerage and Drainage
taxes and from other sources, through the operation of this Act, except
from sale of bonds, shall be deposited by the County Treasurer, as a
separate account, in some bank or financial institution, of recognized
standing, offering the best interest investment, provided, however, that
said Commissioners may use any of said funds, except that raised by
maintenance charges or rentals, for the purchase and cancellation of bonds
issued under this Act, or for the purchase on account of a sinking fund,
of municipal or State Bonds, the income from which, on a basis of pur-
chase price, shall at least be equal to the income from the same amount on
deposit at the maximum rate of interest obtainable.

1914, oh. 793, sec. 529L.

923. Upon the sale of the bonds provided for under this Act, the said
Commissioners shall advertise for sealed bids, on equal terms to all bid-
ders, for the construction of all or that part of the sewerage or drainage