ART. 16.] MONTGOMERY COUNTY. 917

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the County Commissioners of Montgomery county
be and they are hereby authorized and directevl to issue bonds
to the amount of twelve thousand five hundred dollars for the
purpose of building and improving public roads and highways
within the Seventh and Thirteenth Election Districts of said
county, and to levy and collect taxes in the Seventh and Thir-
teenth Election Districts of the said county for the payment
of the said bonds and coupons as hereinafter provided.

SEC. 2. And be it further enacted, That the said County
Commissioners be and they are hereby authorized and directed
to borrow on the credit of the said county the amount of
twelve thousand five hundred dollars, and to issue coupon
bonds therefor under the corporate seal of the said County
Commissioners signed by the president of the Board of County
Commissioners and countersigned by the clerk thereof, in sums
not less than fifty dollars nor more than two hundred dollars;
the said bonds to bear interest from the date of issue thereof at
the rate of not more than five per centum per annum, payable
semi-annually, and which said interest to the maturity of each
of said bonds shall be provided for and set forth in the coupons
attached to each of said bonds respectively for the interest due
and payable thereon, and which bonds shall have printed on
them and on the coupons attached to them a distinct refer-
ence to this Act authorizing the issue.

SEC. 3. And be it enacted, That the said bonds shall be re-
deemable as follows, that is to say: One thousand dollars
($1,000.00) thereof in one year from the date of their issue and
thereafter annually one thousand dollars ($1,000.00) each and
every year until the whole amount of said bonds and coupons
shall have been fully paid; and to this end the said County
Commissioners shall issue the said bonds in twelve (12) serials
and one-half (1/2) serial, redeemable in their proper order. The
last bond of the said serial to be redeemable in twelve (12)
years and (6) months from the date of issue; and the said
bonds issued shall be sold after due advertisement at public or
private sale, in the discretion of the County Commissioners;
provided, however, that none of the said bonds shall be sold for
less than par.

SEC. 4. And be it further enacted, That the said County
Commissioners shall cause to be levied upon and collected
from the taxable property of the Seventh and Thirteenth Elec-
tion Districts of said county an additional tax annually
sufficient to pay the said bonds and interest as the said bonds
and interest or coupons may severally mature as herein pro-