EMERSON C. HARRINGTON, GOVERNOR. 77

seal of said Commissioners for the amount borrowed under the
provisions of this Act, the said bonds to be signed by the
President of the said Board of County Commissioners for
Montgomery County, and countersigned by the Clerk thereof,
in sums not less than one hundred dollars, nor more than five
hundred dollars; the said bonds to bear interest from the date
of the issue thereof at the rate of not more than five per cen-
tum per annum, payable annually, and all said interest to the
maturity of each of said bonds shall be provided for and set
forth in the coupon attached to each of said bonds respectively
for the interest due and payable thereon, and which said bonds
shall have printed on them a distinct reference to this Act
authorizing the issue.

SEC. 3. And be it further enacted, That all bonds issued
under the provisions of this Act shall be redeemable as follows,
that is to say: Not less than, one thousand dollars thereof in
one year from the date of this issue, and thereafter annually
not less than one thousand dollars each and every year until
the whole amount of said bonds and coupons shall have been
fully paid, and to this end the said Commissioners shall issue
the said bonds in series, redeemable in their proper order, and
said bonds shall be sold, after the advertisement, at public or
private sale in the discretion of said Commissioners for Mont-
gomery County, and none of said bonds shall be sold for less
than par.

SEC. 4. And be it further enacted, That the said Commis-
sioners for Montgomery County shall cause to be levied upon
and collected from the taxable property of said County an ad-
ditional tax annually sufficient to pay the said bonds and in-
terest as the said bonds and interest and coupons may sever-
ally mature, and the said tax shall be collected as other taxes
levied in said County are collected, and when collected, shall
be applied as hereinbefore provided to the payment of the
said bonds as they severally mature, and the interest thereon
semi-annually, which said bonds and coupons, when issued,
shall be non-convertible for any cause whatsoever, and the said
bonds and coupons when so redeemed, either before or at
maturity, shall be cancelled, and it shall be the duty of the
County Commissioners for Montgomery County to immedi-
ately cancel the same.