PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 273

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the County Commissioners of Kent County are
hereby authorized and directed to borrow on the credit of
said County an amount not exceeding forty-eight thousand
dollars, and to issue coupon bonds therefor, in sums of not
less than one hundred dollars, nor more than one thousand
dollars, to be signed by the President of said Board of County
Commissioners and countersigned by the Clerk thereof, and
under the corporate seal of said Board of County Commis-
sioners, to be designated as "Kent County Public School
Bonds," bearing interest at a rate to be fixed by the County
Commissioners of Kent County, not exceeding five per centum
per annum, payable semi-annually on the first day of July
and on the first day of January of each year, which bonds
shall be exempt from all County and Municipal taxation in
Kent County, and the due or over-due coupons for interest
shall be received by the Treasurer of said County in payment
of County Taxes. Said bonds shall bear date as of January
1, 1915, and be payable in sums of three thousand dollars in
each of the years beginning with nineteen hundred and twenty
and each year thereafter until fully paid; said bonds to be

numbered consecutively and to be redeemed in the order in

which they are numbered.

SEC. 2. And be it enacted, That the County Commissioners
of Kent County are hereby authorized and directed to advertise
at least once a week for four successive weeks in two news-
papers published in Kent County and once a week for four suc-
cessive weeks in a newspaper published in Baltimore City for
sealed proposals for the negotiation of said bonds, and on a
certain day to be named in said advertisements, said County
Commissioners shall in their office in the Court House, in
Chestertown, open all the bids received and award the said
bonds to the highest bidder, provided no bid less than par
shall be accepted.

SEC. 3. And be it enacted, That the County Commissioners
of Kent County shall in each and every year levy upon the
assessable property in Kent County such sums of money as may
be necessary to pay the interest on said bonds as said interest
shall become due, and also to levy such sums in addition as
may be required to pay or redeem said bonds as the same
mature from time to time until all said bonds shall have been
paid.