658

LAWS OF MARYLAND.

interest to be thereto attached, and the said coupons

on said bonds shall, as they become payable, be receiv-

able by the collectors of taxes for said county in pay-

ment of county taxes.

SEC. 2. And be it enacted., That said bonds shall be

issued payable ten years from the date thereof, and be

When payable.

redeemable at any time after the expiration of one

year from date, at the pleasure of said county com-

missioners.

SEC. 3. And be it further enacted, That said county

commissioners are hereby authorized and required to

sell said bonds to the best advantage at public sale, at

How sold.

such time and upon such notice as they may deem ex-

pedient; provided, however, that they shall not sell

any of the bonds authorized to be issued under this

act for less than par or the face value thereof for cash

in current money.

SEC. 4. And be it further enacted, That the money

raised by the issue and sale of said bonds under the

Money raised.

provisions of this act, shall be exclusively appropriated

and applied to the payment of the present outstand-

ing bonded indebtedness of said county accruing under

and by virtue of the act of assembly of eighteen hun-

dred and seventy, chapter two hundred and ninety-

How used.

four, entitled an act to add additional sections to the

Code of Public Local Laws for Charles county, under

the head of " Roads," bearing six per cent, interest per

annum, now matured and payable by said county.

SEC. 5. And be it further enacted, That the county

commissioners shall, in each and every year, levy

upon the assessable property in Charles county, such

sum of money as may be necessary to pay the interest

on the outstanding bonds by them issued in pursuance

Levy every year

of this act, as the same shall fall due, and also such

further and additional sum as may be required to

gradually retire and redeem such bonds until they

shall have been redeemed; and said taxes authorized

by this act shall be collected as other taxes are col-

lected in said county.

Approved April 8, 1884.