1944 WASHINGTON COUNTY. [ART. 22.

1878, chapter 248, falling due in the year 1888, and, if neces-
sary, to issue coupon bonds therefor, in sums of not less than
one hundred nor more than one thousand dollars, to be signed
by the president of the board of county commissioners of
Washington county, bearing interest at a rate net exceeding five
per centum per annum, payable semi-annually on the first days
of January and July, respectively ; said bonds to be sold by the
said county commissioners, and the proceeds applied to the pay-
ment of said county bonds so as aforesaid, falling due in the year
1888.

1888, ch. 196.

112. They shall fix the time at which the eaid bonds shall
mature, not to extend beyond the period of fifteen years from the
date on which they may be issued, and such bonds shall be made
redeemable at the pleasure of said county commissioners, at or
before the maturity thereof.

Ibid.

113. They shall cause to be kept and preserved a careful reg-,
ister of the bonds so called in, which they are hereby directed to
cancel immediately; and a careful register of the bonds so issued,
including therein the number of the bond, the person to whom
issued, the date of issue and of maturity.

Ibid

114. They are authorized and empowered to levy a tax upon
the taxable property of Washington county, in each and every
year, sufficient to pay the interest on said loan or bonds, and to
retire the principal whenever the same shall become due and
payable.

Ibid.

115. Said bonds shall be exempt from all taxation, except
taxes due to the State, and the coupons due on said bonds shall
be received by the collector of taxes in Washington county in
payment of taxes.

1888, ch. 330.

116. The county commissioners are authorized, in their dis-
cretion, to subscribe to the capital stock of any turnpike company