WM. PRESTON LANE, JR., GOVERNOR. 1417

at a rate to be determined by the said Board of County
Commissioners, not in excess of six per cent (6%) per
annum, payable semi-annually. The dates of issuance or
negotiation, the portion or portions of said bonds, notes or
other certificates of indebtedness to be issued at once
or from time to time at specified dates, the form and
tenor thereof and the time and place for the payment of
said bonds, notes or other certificates of indebtedness and
the interest thereon shall with all other incidents of said
issue or negotiation lie within the determination of the
said Board of County Commissioners. Said bonds, notes
or other certificates of indebtedness authorized here-
under are hereby specifically exempted from all of the
provisions of Sections 35 and 36 of Article 31 of the An-
notated Code of Maryland (1939 Edition), as amended,
and shall be exempt from all State, county and municipal
taxation, and shall have printed on them a distinct refer-
ence to the Act authorizing their issuance.

SEC. 3. And be it further enacted, That the Board of
County Commissioners of Dorchester County be and it is
hereby authorized and directed to levy each year so long
as said bonds, notes or other certificates of indebtedness
are outstanding and not paid, a tax sufficient to redeem
the same at their maturity and to pay the interest there-
on, the proceeds of said tax to be kept in a special fund
and in no case to be used for any other purpose. In case
such bonds, notes or other certificates of indebtedness
shall be issued in any year after the making of the regu-
lar levy for that year, then the said Board of County
Commissioners is authorized and directed to pay any and
all interest coming due before the next levy out of any
other funds at its disposal and to levy at the next succeed-
ing levy to reimburse such other funds.

SEC. 4. And be it further enacted, That the Board of
County Commissioners of Dorchester County be and it is
hereby authorized and empowered to do all acts and things
necessary to issue and sell or negotiate said bonds, notes or
other certificates of indebtedness, to have the same reg-
istered if necessary, and to do all things necessary to
carry out the purposes of this Act, even though the same
may not be specifically mentioned herein or in any other
Act relating to the said County.

SEC. 5. And be it further enacted, That this Act shall
take effect June 1, 1947.

Approved April 16, 1947.