FRANK BROWN, ESQUIRE, GOVERNOR,

more than one thousand dollars, each to be signed by the presi-
dent of the said County Commissioners and countersigned by
the clerk of said board, whose duty it shall be to affix to eacli
and every bond so issued the seal of said board; said bonds to
bear interest at a rate not exceeding five per cent, per annum,
payable semi-annually on the first day of April and the first
day of October in each and every year during which eaid
bonds may run and remain unpaid; and the coupons for inter-
est on said bonds shall be receivable by the collector of taxes
for said county in payment of county taxes; and said bonds
shall be exempt from county and municipal taxation.

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SEC. 2. And be it enacted, That said bonds shall be issued
to mature at such dates as shall not require the payment in any
one year of more than one thousand dollars of the principal
sum thereof; and shall be redeemable at the pleasure of said
County Commissioners at or before their maturity; but none of
said bonds shall be issued to mature before the first day of
April, in the year nineteen hundred.

Maturity of
bonds.

SEC. 3. And be it enacted, That to redeem said bonds the
County Commissioners of Somerset county shall annually levy
upon the assessable property of said county a tax sufficient to
pay the interest of said bonds and the principal of such por-
tion as may mature in each and every year after the date of
their issue; and said levy shall be designated as the Somerset
county school debt.

Redemption
of bonds.

SEC. 4. And be it enacted, That the proceeds arising from
the sale of the afore-mentioned bonds shall be paid over, as
soon as realized, by the County Commissioners to the treasurer
of the board of school commissioners of said county, who
shall immediately apply said proceeds to the payment of the
aforesaid indebtedness now due by said school commissioners.

Proceeds
from sale of
bonds.

SEC. 5. And be it enacted, That all laws inconsistent with
the provisions of this act be and the same is hereby repealed.

Repeal.

SEC. 6. And be it enacted, That this act shall take effect
from the date of its passage.

Approved April 6th, 1894.

Effective.