WM. PRESTON LANE, JR., GOVERNOR. 457

is to be affixed to each bond by said commissioners; but
the coupons for interest may be authenticated by the
engraved, lithographed or printed signature of the treas-
urer of said corporation. Said bonds shall bear interest
at a rate of interest not to exceed Four (4) per centum
per annum, as may be determined by said corporation,
payable semi-annually in each and every year, and dated
on the first day of their issue. Said bonds shall be num-
bered consecutively and shall be due and payable in such
quantities and amounts as may be determined by the said
Town Commissioners of Centreville, a municipal corpora-
tion, by an ordinance duly passed by said municipal cor-
poration; all of said bonds, however, to become due and
payable within twenty years of the date of their issue.
Said bonds shall have printed on them a distinct reference
to this Act as directing their issue. Said bonds shall be
exempt from all state, municipal and county taxes.

SEC. 2. And be it further enacted, That in negotiating
the sale of the said bonds provided for in this Act, the
said Town Commissioners of Centreville shall first give
not less than three weeks' notice by advertisement in one
newspaper printed and published in Queen Anne's County,
also by advertisement in one or more newspapers printed
and published in Baltimore City, said advertisement to
contain a copy of the ordinance passed by said municipal
corporation, showing the exact amount of bonds to be
issued and the date of maturity of each bond, inviting
proposals in writing for the purchase of said bonds, and
on a certain day to be named in said advertisement, said
Town Commissioners of Centreville shall in their office
in the town of Centreville, Queen Anne's County, Mary-
land, open all bids received, and the said bonds shall be
disposed of to the highest bidder for cash, but the Town
Commissioners of Centreville shall have the power and
right to refuse and reject any and all bids, and to re-offer
the same bonds, or any part thereof as above provided
or otherwise, in their discretion; provided, however, if
said bonds are sold at private sale, that they shall not be
sold for less than the par value with accrued interest.

SEC. 3. And be it further enacted, That for the purpose
of redeeming said bonds at maturity and for the securing
of the interest thereon, the Town Commissioners of Cen-
treville shall levy a special tax on each one hundred dollars,
of the assessed value of all property, real and personal,
in the corporate limits of said Town of Centreville, subject
to taxation, in addition to the other taxes now authorized