|
712 LAWS OF MARYLAND. [CH. 405
money on the faith and credit of said County and to issue
and sell such coupons bonds therefor from time, to time, not
later than June 1, 1935, in an amount not to exceed in the
aggregate Seven Hundred and Fifty Thousand Dollars
($750, 000. 00) in such denominations and to bear such rates
of interest, not exceeding six per centum (6%) per annum,
as may be determined by the said County Commissioners
of Anne Arundel County. All of said bonds shall be dated
as of the first day of such month as may be selected by the
County Commissioners of Anne Arundel County in their
sole discretion, not later than June 1, 1935, and the interest
thereon shall be payable semi-annually, accounting from
the date of said bonds in each and every year until said
bonds are paid; said bonds, when issued, shall be signed
by the President of the said County Commissioners of Anne
Arundel County and shall be countersigned by the Clerk
to said Commissioners; the seal of said County Commis-
sioners of Anne Arundel County shall be affixed to each
bond and the interest coupons thereto attached shall bear
the facsimile signature of the Treasurer of said County,
printed, lithographed or engraved thereon.
SEC. 5. And be it further enacted, That said bonds shall
be issued to mature in series of Twenty-five Thousand Dol-
lars ($25, 000. 00) each, each series to bear a different series
letter. The respective series of bonds shall mature and be
payable annually after their date of issue, beginning one
year thereafter, so that the aggregate amount of said bonds
to mature and be paid in each year until the final payment
thereof or until the final payment of the total amount of
said bonds so to be issued shall be as follows:
|
1
|
year
|
after
|
date
|
of
|
issue — Series
|
A
|
$25,
|
000
|
. 00
|
|
2
|
years
|
after
|
date
|
of
|
issue — Series
|
B
|
25,
|
000
|
. 00
|
|
3
|
years
|
after
|
date
|
of
|
issue — Series
|
C
|
25,
|
000
|
. 00
|
|
4
|
years
|
after
|
date
|
of
|
issue — Series
|
D
|
25,
|
000
|
. 00
|
|
5
|
years
|
after
|
date
|
of
|
issue — Series
|
E
|
25,
|
000
|
. 00
|
|
6
|
years
|
after
|
date
|
of
|
issue — Series
|
F
|
25,
|
000
|
. 00
|
|
7
|
years
|
after
|
date
|
of
|
issue — Series
|
G
|
25,
|
000
|
. 00
|
|
8
|
years
|
after
|
date
|
of
|
issue — -Series
|
H
|
25,
|
000
|
. 00
|
|
9
|
years
|
after
|
date
|
of
|
issue — Series
|
I
|
25,
|
000
|
. 00
|
|
10
|
years
|
after
|
date
|
of
|
issue — Series
|
J
|
25,
|
000
|
. 00
|
|
11
|
years
|
after
|
date
|
of
|
issue — Series
|
K
|
25,
|
000
|
. 00
|
|
12
|
years
|
after
|
date
|
of
|
issue — Series
|
L
|
25,
|
000
|
. 00
|
|
13
|
years
|
after
|
date
|
of
|
issue — Series
|
M
|
25,
|
000
|
. 00
|
|
14
|
years
|
after
|
date
|
of
|
issue — Series
|
N
|
25,
|
000
|
. 00
|
|
15
|
years
|
after
|
date
|
of
|
issue — Series
|
O
|
25,
|
(000
|
. 00
|
|
 |
