WM. PRESTON LANE, JR., GOVERNOR. 709

tions to be determined, including the purchase of land, if
necessary, or to match Federal funds for the aforesaid pur-
poses, it may by resolution request the Board of County
Commissioners of said County to issue bonds of said County
to pay for the same, and if the Board of County Commis-
sioners of said County concur in the advisability of issuing
such bonds for the purpose, or purposes, indicated in such
resolution, they may by their resolution order that the same
shall be issued as hereinafter provided, but the total amount
of bonds issued from time to time hereunder shall not exceed
the sum of Four Million Dollars ($4,000,000.00) and the pro-
ceeds shall be spent in accordance with the provisions hereof.

SEC. 2. And be it further enacted, That such bonds shall
have semi-annual interest coupons attached and shall be
issued according to what is known as the serial annuity plan,
and each issue shall be in series, lettered accordingly and
to be known as "Public School Bonds" of the year of issue.
The Board of County Commissioners in the aforesaid resolu-
tion shall fix the date of issue; determine the denomination
of each bond of not less than One Hundred Dollars (|100.00),
nor more than One Thousand Dollars ($1,000.00) ; fix the
amount to be paid each year, provided that no series shall
mature more than 25 years from the date of issue; and fix
the rate of interest to be paid on said bonds or designate
how the rate of interest may be determined when said bonds
are offered for sale, provided said interest rate shall not ex-
ceed five per cent (5%) per annum;

SEC. 3. And be it further enacted, That when the Board
of Education of Prince George's County shall have received
from the Board of County Commissioners their resolution or
resolutions, as provided in Sections 1 and 2 hereof, and not
before, the said Board of Education shall be authorized to
borrow, on endorsement of the Board of County Commis-
sioners of Prince George's County, who are hereby directed
to endorse such bonds on the faith and credit of said County,
and in such amount or amounts as the Board of County Com-
missioners may authorize if the same are named in the ori-
ginal resolution of the said Board of Education.

SEC. 4. And be it further enacted, That the Board of Edu-
cation shall be empowered to sell said bonds or any part
thereof authorized in the above resolution, by bid of sealed
proposals at the offer which in the discretion of said Board
is most advantageous to the County, after having given such
public notice as it may deem proper of the time, place, manner
and terms of sale, right being reserved to reject any or all