460 LAWS OF MARYLAND. [CH. 289

natures shall nevertheless be valid and sufficient for all
purposes, as if they had remained in office until such deliv-
.ery. The bonds may be made registerable as to principal
only, under such terms and conditions as may be deter-
mined by said County Commissioners.

SEC. 3. And be it further enacted, That the County
Commissioners of Wicomico County shall advertise the
said bonds in at least two newspapers published in Wi-
comico County, Maryland, and by such other advertise-
ment as may to them seem proper and advisable, inviting
sealed proposals for the purchase of said bonds or any part
thereof, with the privilege of rejecting any or all bids, and
no bid shall be accepted at less than par and accrued inter-
est ; the entire issue of bonds may be offered at one time, or
they may be offered in varying amounts at different inter-
vals, as may seem most advantageous to the Board of
Education of Wicomico County in completing the construc-
tion and equipment of the schools for the erection of which
the proceeds of said bonds are to be used; and no part of
the money arising from the sale of said bonds shall be
used except for the purposes designated and provided for
in this Act, except that any accrued interest shall be set
aside in a separate interest fund and be devoted to the
payment of the first maturing coupons, and provided fur-
ther, that the cost of engraving or printing of said bonds
and the cost of advertising authorized by this Act, and
any other expenses incidental to the issuance and sale of
said bonds, may be paid out of said funds.

SEC. 4. And be it further enacted, That the proceeds
arising from the sale of said bonds shall be paid over to the
Treasurer of Wicomico County, and credited by him to the
Board of Education of Wicomico County, to be used in the
discretion of the members of said Board of Education and
under their supervision and direction for building and
equipping the aforesaid school buildings. Said Board of
Education shall have full authority to contract for, super-
vise, direct and control such work in such manner as in
their discretion they may deem to the best public interest,
and full power is given them to employ and pay out of the
said funds all architects, builders, or other persons, super-
visors or agents, as to them may seem advisable and neces-
sary ; and the Board of Education of Wicomico County and
the County Commissioners of Wicomico County shall joint-
ly agree and determine what part of the aforesaid funds
shall be used for, or allocated to, each of the aforesaid
school buildings.