JOHN WALTER SMITH, ESQ., GOVERNOR.

533

SEC. 2. And be it enacted, That this Act shall take effect
from and after the first day of May, nineteen hundred and
two, but nothing herein contained shall be construed to impair,
impede or abate any proceedings already taken or to be taken
in the collection of taxes in Somerset coun,ty under existing
laws.
Approved April 8, 1902.

CHAPTER 371.

AN ACT authorizing the County Commissioners for Kent
County to provide for the refunding of the jail and bridge
bonds of said county at a lower rate of interest, and to
issue bonds therefor.

CHAP. 371.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the County Commissioners of Kent county
are hereby authorized, in their discretion, to borrow on the
credit of said county an amount not exceeding ten thousand
dollars, and to issue coupon bonds therefor in sums of not
less than one thousand dollars, to be signed by the president of
the said board of County Commissioners and countersigned
by the clerk thereof and under the corporate seal of eaid
commissioners, bearing interest at the rate of four per cent.,
payable semi-annually on the first day of June and December
of each year, which bonds shall be exempt from all county or
municipal taxation, and the due or overdue coupons for
interest shall be received by the treasurer of said county in
payment of county taxes ; said bonds shall be payable in sntns
of one thousand dollars in each of the years beginning with
nineteen hundred and twelve, and each year thereafter until
fully paid ; said bonds to be numbered consecutively and to
be redeemed in the order in which they are numbered.
SEC. 2. And be it enacted, That said County Commissioners

Authority
given
to borrow
money.

are authorized to advertise at least once a week for two succes-
sive weeks in two newspapers published in said Kent county
for sealed proposals for the negotiation of said bonds on a
day to be named in said advertisement; said County Commis-
sioners shall, in their office in the Court house in Chestertown,
open all bids received and award the said bonds to the highest
bidder ; provided, no bid less than par shall be accepted.

Advertise for
sealed
proposals.

SEC. 3. And be it enacted. That the County Commis-
sioners of Kent county shall in each and every year levy upon
the assessable property in Kent county such sums of money as
may be necessary to pay the interest on the said bonds as said
interest shall become due, and also to levy such sums in addi-

Levy to b«
made.