1032 LAWS OF MARYLAND.

SEC. 5. And be it enacted, That for the purpose of paying
for said lot or lots and for the erection and furnishing of said
public school building, the School Commissioners for Prince
George's county are hereby authorized and directed to borrow,
on the endorsement, of the County Commissioners of Prince
George's County, who are hereby directed to endorse such
bonds on the faith and credit of said county, an amount not
exceeding the sum of eignt thousand dollars and to issue cou-
pon bonds therefor in sums of not less than one hundred dol-
lars and not more than one thousand dollars each, to be signed
by the president of said Board of School Commissioners, and
countersigned 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 bonds shall bear in-
terest at the rate of five per cent, per annum, payable semi-
annually, on the first day of May and the first day of Novem-
ber each year, until said bonds shall be paid, and said bonds
shall be forever exempt from all municipal and county taxa-
tion for any purpose in Prince George's county and its mu-
nicipalities, 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 sum 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
ther 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 un-
der this Act shall be dated the first day of May, 1910, and be
payable as to principal in thirty years from the date of their
issue; and said bonds shall be advertised for sale in two daily
newspapers published in the City of Baltimore, to be selected
by the School Board, and sold to the highest bidder for cash,
and for not less than their face value, by the School Commis-
sioners of Prince George's county.

SEC. 8. And be it enacted, That the County School Com-
missioners of Prince George's county shall annually deposit
in some savings institution in the State of Maryland, at inter-
est, a sufficient sum of money to create a sinking fund for the
redemption of said bonds al their maturity, and are hereby
authorized and empowered to purchase from the proceeds of