1164 LAWS OF MARYLAND. _

amicable agreement, then the same shall be condemned as is now
or may hereafter be provided for the condemnation of land for
a public road. The County Commissioners shall have the same
powers and rights in regard to the construction, operation and
maintenance of the said canal that they, by law, now have or
may hereafter have over the public roads.

SEC. 3. Be it enacted, That the County Commissioners of
Dorchester County are hereby directed to issue coupon bonds to
the amount of sixty thousand dollars, or so much thereof as
may be necessary, for the purpose of constructing, operating
and maintaining the said canal and to levy and to collect taxes
in the said County for the payment of the said bonds and in-
terest as hereinafter provided.

SEC. 4. Be it enacted, That the County Commissioners are
directed to issue the said bonds in the denominations, herein-
after provided, the same to be signed by the President of the
Board of County Commissioners and countersigned by the Clerk
thereof; with the seal of the County Commissioners attached,
the said bonds to be issued in denominations of five hundred
dollars each on the faith and credit of Dorchester County, and
to bear interest from the date of the issue thereof, at a rate not
to exceed five per cent, per annum, payable semi-annually, in-
terest to the maturity of each of the said bonds shall be set
forth in the coupons attached to each of the said bonds. The
bonds shall be numbered consecutively, and shall have printed
oh them and also on the coupons, attached to them, a distinct
reference to this Act, which authorized the issue thereof.

SEC. 5. Be it enacted, That the said bonds shall be redeemable
as follows: One thousand dollars on the first day of July,
nineteen hundred and seventeen, and annually thereafter, one
thousand dollars on the first day of July in each and every
year, until all of the said bonds have been paid.

SEC. 6. Be it enacted, That all of the said bonds shall be dated
the first day of July, nineteen hundred sixteen, and bear in-
terest from the date of issue at a rate, not to exceed five per
cent, per annum, said interest to be payable on the first day
of January and July, in each year to the maturity of each of
said bonds. Two of the said bonds, beginning with number
one, shall be due and redeemable on the first day of July, nine-
teen hundred seventeen, two more of said bonds in order, ac-