HARRY W. NICE, GOVERNOR. 823

they had been sold at public sale; said County Commissioners
of Allegany County shall have the further power and are here-
by authorized, in their discretion, notwithstanding the pro-
vision of this Act in relation to the advertisement of said
bonds or the pledging of the same, to issue and sell said bonds,
or any part thereof, at private sale at not less than the sale
value thereof to the United States of America, or any agency
thereof authorized and willing to purchase the same.

SEC. 3. And be it further enacted, That the County Com-
missioners of Allegany County shall annually cause to be
levied upon all the assessable property in Allegany County
a tax sufficient to pay the annual interest on such bonds as
may be outstanding and to redeem all of said bonds which
shall mature during that year, said taxes to be collected as
other taxes levied in said County are collected.

SEC. 4. And be it further enacted, That no purchaser of
any of the bonds authorized by this Act, and no holder
thereof for value and in good faith, shall be bound to see to
the application of the purchase money of said bonds, and the
rights of the holders of said bonds to receive payment of the
principal and interest thereon shall not be affected by the
failure of the said County Commissioners of Allegany County,
or its officers or agents, or the Board of Education of Allegany
County, or its officers or agents, to do or perform any of the
acts provided for by the terms of this Act.

SEC. 5. And be it further enacted, That the actual proceeds
of the sale of said bonds shall be used exclusively for the fol-
lowing purposes:

(a) For the payment by the County Commissioners of Alle-
gany County of the cost of engraving or printing of said
bonds, and for the payment of the cost of advertising author-
ized by this Act, and any other incidental expenses incurred
by the issuance of said bonds.

(b) The remainder of the proceeds from the sale of said
bonds shall be paid over to the Board of Education of Alle-
gany County, to be used by it for the purpose of purchasing
new school sites, for the erection of new school buildings, for
additions, alterations and improvements in present school
buildings and the improvement of the grounds thereof, for
equipping, heating, lighting, ventilating and for additional
sanitation in present school buildings and for such other
capital expenditures as may be incident thereto and as may
be deemed necessary for the administration of the schools of
the County, provided that there shall be and is hereby al-
located from the proceeds of said bond issue the following
sums of money, to the extent of the amount, or so much there-