690 LAWS OF MARYLAND. [CH. 350

the construction of lateral roads in said County, the County
Commissioners of Calvert County are hereby authorized to
issue coupon bonds to the amount of Forty-five Thousand Dol-
lars ($45, 000. 00); said bonds to be issued in denominations
of One Hundred Dollars ($100. 00) or any multiple thereof, to
bear interest at a rate to be determined by said Commissioners,
to be dated at such time or times as may be determined by
said County Commissioners from the date of issue at a rate
to be fixed by the said County Commissioners of said Calvert
County, or a majority of them, not exceeding four per centum
(4%) per annum, payable semi-annually, and Twenty-two
Thousand Five Hundred Dollars ($22, 500!00) of said bonds
shall mature and be payable in 1942 and Twenty-two Thousand
Five Hundred Dollars ($22, 500. 00) thereof shall mature and
be payable in 1943; and said bonds shall be signed by the Presi-
dent of the said County Commissioners and attested by the
Treasurer of Calvert County with the seal of the County Com-
missioners of Calvert County attached and said bonds shall
have printed thereon a distinct reference to the act directing
their issuance and shall be exempt from State, county and mu-
nicipal taxation in the State of Maryland.

SEC. 2. And be it further enacted, That in order to provide
for the selling of said bonds the said County Commissioners
are hereby directed to advertise said bonds for sale once a
week for three successive weeks in some newspaper printed
and published in Calvert County, and once a week for three
successive weeks in some newspaper printed and published in
Baltimore City, and if the said Board of County Commission-
ers deem it expedient, then to advertise said bonds in such
other newspaper or newspapers, or publications as they may
select; and the said County Commissioners shall be in readi-
ness at any time within fifteen days after the expiration of
said notice to receive bids at such place or places as may be
named in said advertisement or advertisements of said bonds,
under such regulations as may be made in the discretion of
said County Commissioners, and the accrued interest be-
tween the date of the bonds or certificates of indebtedness and
the time of the sale and delivery and payment of said bonds
shall be adjusted with purchasers thereof under such regula-
tions as may be, in the discretion of the County Commissioners,
just and proper, and upon the day mentioned in said adver-
tisement or advertisements as the day for opening said bids
for the proposals thereby called for they shall receive such
sealed proposals for the purchase of as many of such bonds
as may be mentioned and designated in said advertisement,
and on the opening of such sealed proposals as many of said
bonds as have been so bid for shall be awarded by the County
Commissioners to the highest responsible bidder or bidders