WM. PRESTON LANE, JR., GOVERNOR. 459

Commissioners of Wicpmicp County to borrow upon the
faith and credit of Wicomico County the sum of Seven
Hundred and Fifty Thousand Dollars ($750,000.00) and
to issue and sell coupon bonds therefor, and to provide
generally the terms of said bonds and the terms and
manner of. the sale thereof, to provide that the proceeds
thereof shall be used by the Board of Education of
Wicomico County for the construction and equipment
of schools in or near Salisbury, Maryland; and to pro-
vide for the payment of said bonds, both principal and
interest, by the levy of taxes upon all taxable property
in Wicomico County.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of Wicomico County be
and they are hereby authorized and empowered to issue
at one time, or from time to time, upon the full faith and
credit of said County, coupon bonds in an amount or
amounts not exceeding in the aggregate Seven Hundred
and Fifty Thousand Dollars ($750,000.00) for the purpose
of constructing and equipping, on sites now owned by the
Board of Education of Wicomico County in or near Salis-
bury, Maryland, two schools in Wicomico County, one in
the southern section of Salisbury on the Prince Street
Site, and the other near the western limits of Salisbury on
the Anderson Road Site.

SEC. 2. And be it further enacted, That the said bonds
shall be issued in the denomination of One Thousand Dol-
lars ($1,000.00), with coupons attached thereto for the
payment of interest thereon, semi-annually, until matur-
ity; said bonds shall be signed by the President of the
County Commissioners of Wicomico County and counter-
signed by the County Treasurer of Wicomico County, with
the seal of said County affixed thereto; and the coupons
shall be signed by the facsimile signature of the County
Treasurer of Wicomico County printed, engraved or litho-
graphed thereon. Said County Commissioners shall by
resolution determine the rate or rates of interest to be
paid on the bonds, not exceeding four per centum (4%)
per annum, and the maturity or maturities of the bonds,
which shall be at a time or times not exceeding twenty (20)
years from the date of the bonds, and shall likewise deter-
mine the form of the bonds, the medium of payment, and
the place or places at which the principal and interest
shall be payable. In case any of the officers whose signa-
tures appear on the bonds and coupons shall cease to be
such officers before the delivery of such bonds, such sig-