ART. 17.] PRINCE GEORGE'S COUNTY. 969

George's county, who are hereby directed to endorse such bonds
on the faith and credit of said county, an amount not exceed-
ing the sum of eight thousand dollars, and to issue coupon
bonds therefor in sums of not less than one hundred dollars
and not more than one thousand dollars each,' to be signed by
the president of said Board of School Commissioners and coun-
tersigned by the School Superintendent of said board, with
the seal of said board attached, and to be registered by the
said School Superintendent of Prince George's county in a
separate book kept for that purpose, and said bonds shall bear
interest at the rate of five per cent, per annum, payable semi-
annually, on the first day of May and the first day of November
each year, until said bonds shall be paid, and said bonds shall
be forever exempt from all municipal and county taxation for
any purpose, and shall have printed on them reference to this
Act as authorizing the issue thereof.

SEC. 6. And be it enacted, That the School Commissioners
of Prince George's county are hereby authorized and directed
to retain each and every year from the sums of money paid
to them by the County Commissioners of Prince George's
county for the support of the public schools of Prince George's
county, a sufficient amount of money to meet the interest and
to create a sinking fund to pay the principal of said bonds
as they mature, until the last of said bonds issued under this
Act shall have been paid and cancelled, should said bonds be
issued and endorsed as aforesaid.

SEC. 7. And be it enacted, That the first bonds issued under
this Act shall be dated the first day of May, 1908, and be paya-
ble as to principal in thirty years from the date of their issue;
and said bonds shall be advertised for sale in two daily news-
papers published in the city of Baltimore, to be selected by the
School Board, and sold to the highest bidders for cash, and for
not less than their face value by the School Commissioners of
Prince George's county.

SEC. 8. And be it enacted, That the County School Commis-
sioners of Prince George's county shall annually deposit in
some savings institution in the State of Maryland, on interest,
a sufficient sum of money to create a sinking fund for the re-
demption of said bonds at their maturity, and are hereby au-
thorized and empowered to purchase from the proceeds of said
sinking fund any of the said bonds as may be offered for sale,
and upon the purchase of any such bonds or the redemption of
the same at maturity, the County School Commissioners shall
have said bond or bonds immediately cancelled by stamping
across their face the word "Cancelled," and no portion of said