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LAWS OF MARYLAND.

so issued to be signed by the president of the Board of County
Commissioners, and countersigned by the clerk of said Board,
and to bear interest at a rate not exceeding four per centum
per annum, payable semi-annually on the first day of January
and the first day of July in each and every year until said
bonds are paid off.
SEC. 3. And be it enacted, That the County Commissioners

Fix the
period of
said bonds.

shall fix the period of such bonds, and the denominations
thereof ; provided that none of said bonds shall mature at a
period later than twenty years after issue, and they shall be
issued in denominations of not less than fifty dollars nor more
than one thousand dollars each ; and the County Commission-
ers, if they deem it advisable, may reserve the right to redeem
a portion of all said bonds before maturity.
SEC. 4. And be it enacted, That the County Commissioners
shall cause to be kept and preserved a careful register of the

Register to
be kept.

bonds so called in, which they are hereby directed to cancel
immediately ; and a careful register of the bonds issued under
this Act, specifying the number of each bond, its denomina-
tion, its date of issue, the date of its maturity, and the person
to whom it is issued.
SEC. 5. And be it enacted, That the said County Commis-

Levy a tax.

sioners are hereby authorized and empowered to levy a tax
annually upon the assessable property of said county sufficient
to pay the interest on said bonds so issued, and the principal of
such bonds, as they mature, in each and every year.
SEC. 6. And be it enacted, That the bonds hereby authorized

Exempt from
taxation.

to be issued shall be exempt from all taxation, except taxation
for State purposes, and the coupons for interest due on said
bonds shall be received by the collector of taxes for said county
for the payment of county taxes.

Effective.

SEC. 7. And be it enacted, That this Act shall take effect
from the date of its passage.
Approved March 29, 1898.

CHAPTER 114.
AN ACT to refund to Caleb Filmore Cross, late Collector of
State Taxes in the Second Collection District of Howard
County, a sum of money erroneously paid into the State
Treasury.
SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Treasurer of the State be and he is hereby