148

LAWS OF MARYLAND.

SEC. 2. And be it enacted, That the said bonds
shall be issued payable ten years from the date

When re-
deemable.

thereof, and be redeemable, any or all of them,
at any time after the expiration of one year
from the date of issue of same at the pleasure
of said County Commissioners.

SEC. 3! And be it enacted, That the said
County Commissioners shall sell said bonds

Sale of.

at public auction to the highest bidder, for
cash, after giving at least three weeks' pre-
vious notice of the time, place and manner of
sale in two newspapers published in Wicomico
county; provided, none of said bonds shall be
sold below par value.

SEC. 4. And be it enacted, That the said
County Commissioners shall in each and every
year levy upon the assessable property in Wi-
comico county such sum of money as may be
necessary to pay the interest on said bonds
and redeem two of said bonds in each year
until the whole number are redeemed, and said

Redemption.

tax shall be collected as other taxes are col-
lected in Wicomico county, and the said Com-
missioners shall select two of said bonds by
lot, to be redeemed in each year, to be so chosen
at least six months before the time for redemp-
tion, and give notice of the number of the
bonds so selected at once, by advertisement
published in some newspaper printed in Wi-
comico county, and interest shall cease on said
bonds so chosen on the day appointed for their
redemption.

SEC. 5. And be it enacted, That the said Com-
missioners be and they are hereby authorized
and empowered to borrow on negotiable note
or notes, signed by the President of the Board
of Commissioners and the Treasurer of said

On note.

county, the sum of five thousand dollars, or
so much thereof as may be necessary, to meet
the residue of indebtedness to Somerset county
not otherwise provided for, and to renew said
note or notes from time to time, until neces-