770 LAWS OF MARYLAND.

the corporate seal of said County Commissioners attached
thereto.

SEC. 5. And be it enacted, That the said bonds shall be
issued in ten series, each consisting of one-tenth of the amount
of the bonds to be issued by said School Commissioners under
this Act, and shall be paid and redeemed, both principal and
interest, by the County Commissioners of Dorchester county
aforesaid, as follows: The first series one year after date; the
second series two years after date; the third series three years
after date; the fourth series four years after date; the fifth
series five years after date; the sixth series six years after date;
the seventh series seven years after date; .the eighth series eight
years after date; the ninth series nine years after date; and
the tenth series ten years after date; and said bonds shall be
advertised and sold to the highest bidder or bidders for cash
by the School Commissioners.

SEC. 6. And be it enacted, That for the purpose of redeem-
ing said bonds at the maturity and for the purpose of securing
the payment thereof, the County Commissioners of Dorchester
county shall levy, in each and every year, beginning with the
year 1908, upon the taxable property of Dorchester county,
such sum as shall be required for the payment of the princi-
pal and interest of said bonds, until all of the bonds are re-
deemed and paid, and upon the purchase of any of such bonds
or the redemption of the same at maturity, they shall be
immediately cancelled or destroyed under the direction of the
said County Commissioners and in their presence, and when
so destroyed a record of the destruction of the same shall be
made and extended upon the records of the office.

SEC. 7. And be it enacted, That the money arising from the
sale of said bonds as provided in section 5 of this Act, shall be
paid to the school treasurer of said county, who shall keep
in a book for that purpose a registry of the bonds, and the
names of the purchasers and the amounts realized; and the
said funds so realized from the sale of said bonds shall be
applied to the purposes set forth in this Act, and to no other
purpose, and shall be paid by the school treasurer upon the
order of the said building committee, from a warrant book
especially authorized by said committee, with said warrants
numbered consecutively, and the said treasurer is hereby au-
thorized and directed to pay the contractor or contractors
employed by said building committee in accordance with the
terms of their said contract, upon the warrant of said building
committee, with such sum or sums of money as shall be
certified in such warrants, that such contractor or contractors