WM. PRESTON LANE, JR., GOVERNOR. 1647

specified in this Act and to issue and sell coupon bonds,
certificates of indebtedness, promissory notes or other
evidences of indebtedness in that amount.

(b) The County Commissioners of Allegany County
shall, by resolution, prescribe the form and tenor of such
bonds, certificates of indebtedness, promissory notes or
other evidences of indebtedness; the rate of interest, not
exceeding three per cent (3%) per annum to be paid
thereof; the date of issue; and the time and place at which
interest is to be paid; provided, however, that any certifi-
cates of indebtedness, promissory notes or other evidences
of indebtedness shall be so issued that $7,000 of the same
shall become due and payable at the end of the first year
after the date of issue and at the end of each year there-
after until all such certificates of indebtedness, promissory
notes or other evidences of indebtedness have been paid.
If bonds are issued, they shall be in coupon form,
shall be in denominations of One Hundred Dollars
($100.00) or any multiple thereof and may be made
registerable as to principal. Such bonds shall be issued
upon the serial maturity plan in such manner that bonds
in the amount of Seven Thousands Dollars ($7,000.00)
shall mature and become payable at the end of the first
year after the date of issue and at the end of each year
thereafter until all the bonds have been paid and retired.

(c) Such bonds, certificates of indebtedness, promis-
sory notes or other evidence of indebtedness when issued
shall be signed by the President of the County Commis-
sioners of Allegany County and the corporate seal of the
County Commissioners shall be attached thereto by the
Clerk of the County Commissioners, and if bonds are is-
sued, the interest coupons attached to each of said bonds
shall bear the facsimile signature of the President of the
County Commissioners printed, lithographed or engraved
thereon.

SEC. 2. And be is further enacted, That if bonds are
issued, they shall be sold in the manner prescribed by
Section 35 of Article 31 of the Annotated Code of Mary-
land (1939 Edition).

SEC. 3. And be it further enacted, That the entire
proceeds from the sale of such bonds, certificates of indebt-
edness, promissory notes or other evidences of indebted-
ness, after payment of costs of engraving and all other
incidental costs and expenses connected with the issuance
of the bonds, shall be paid over at once by the County