EMERSON C. HARRINGTON, GOVERNOR. 233

SEC. 2. And be it enacted, That said bonds shall be so is-
sued that a series of said bonds to the amount of fifteen thou-
sand dollars ($15, 000. 00) shall mature and become payable
on the first day of July, 1931, and a like series to the amount
of fifteen thousand dollars ($15, 000. 00) on the first day of
July in each and every year thereafter, until all of said bonds
have been redeemed, so that the last series of said bonds shall
fall due and become payable on the first day of July, 1935;
and said bonds shall be sold after due advertisements by the
County Commissioners to the highest bidder or bidders; pro-
vided, however, that none of said bonds shall be sold for less
than, par and accrued interest.

SEC. 3. And be it enacted, That the County Commission-
ers shall annually cause to be levied and collected from the as-
sessable property in Allegany County a tax which shall be
sufficient to pay the interest on said bonds and also to redeem
all of said bonds which shall mature during that year; and
said tax shall be collected in like manner as other taxes levied
in said County are collected, and when collected shall be ap-
plied to the payment of the interest on said bonds and to their
redemption as and when they mature.

SEC. 4. And be it enacted, That the County Commissioners
shall when notified by the Board of Education of Allegany
County that they desire to avail themselves of the provisions
of this Act and of the approximate amount of money that they
will require for the purpose aforesaid, advertise and sell said
bonds as above provided, or so many thereof as shall be neces-
sary to produce the sum designated by the Board of Educa-
tion of Allegany County, but in no event shall the credit of the
County be pledged to an amount in excess of seventy-five thou-
sand dollars ($75, 000. 00), and the County Commissioners
shall pay over the entire proceeds of the sale of said bonds to
said Board of Education of Allegany County, who shall ac-
count for the same and the expenditure thereof in the same
manner as they account for other moneys passing through their
hands.

SEC. 5. And be it further enacted, That this Act shall take
effect from the first day of June, nineteen hundred and eigh-
teen.

Approved April 10th, 1918.