HARRY W. NICE, GOVERNOR. 369

of the Board of County Commissioners of Montgomery Coun-
ty and the corporate seal of the county shall be thereto affixed
attested by the Clerk to the Board of County Commissioners
of Montgomery County, and the interest coupons thereto at-
tached shall bear the fac-simile signature of the President of
the Board of County Commissioners of Montgomery County
printed, lithographed or engraved thereon. Said bonds shall
be known as "Montgomery County Road Improvement Bonds
of 1937", and, if issued all at one time, they shall be num-
bered consecutively beginning with the number one (1) and
they shall be issued to mature serially in the order of their
consecutive numbers in such annual serial amounts and over
such period of years as the Board of County Commissioners of
Montgomery County may by resolution determine, or if said
bonds are issued from time to time in several Series then each
Series shall be designated by a different Series letter, beginning
with the letter "A", and the bonds of each Series shall be
numbered consecutively, beginning with the number one (1),
and the bonds of each Series shall mature in such annual serial
instalments and over such period of years as the Board of
County Commissioners of Montgomery County may by resolu-
tion or resolutions determine. Said bonds and the interest
thereon shall be and remain exempt from State, county and
municipal taxation of every kind whatsoever in the State of
Maryland.

SEC 2. And be it further enacted, That said bonds shall be
in such form and denomination and may be sold, either at
public sale or by private negotiation, at not less than the par
value thereof as the Board of County Commissioners of Mont
gomery County may by resolution determine, but none of said
bonds shall be issued and sold and no money shall be borrowed
pursuant to the provisions of this Act after the first day of
January, 1938. Prior to the issuance of all or any Series of
said bonds, the Board of County Commissioners of Montgom-
ery County shall adopt a resolution prescribing the form and
denominations of said bonds, the interest rate payable there-
on, the Series letter thereof, if any, the numbering and ma-
turities thereof and providing for the levy of taxes for the
payment of the principal and interest due upon the same. Said
resolution shall also state whether or not said bonds are to
be sold at public sale or by private negotiation. In the event
the Board of County Commissioners of Montgomery County
shall determine to sell all or any part of said bonds at public
sale at any time, then and in such event said Board of County
Commissioners of Montgomery County shall advertise at least
once a week for two successive weeks in one newspaper pub-
lished in the City of Baltimore, Maryland, and at least once a