EMERSON C. HARRINGTON, GOVERNOR. 133

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 nor more
than Five Hundred Dollars; the said bonds to bear interest
from the date of the issue thereof at a rate of not more than
five per centum per annum, payable semi-annually and which
said interest to the maturity of each of said bonds, shall be pro-
vided for and set forth in the coupons 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
the said bonds shall be sold after due advertisement at public
sale in the discretion of said Commissioners for Montgomery
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 the first, ninth,
eighth and fourth Election Districts of said County, an addi-
tional tax annually, sufficient to pay the said bonds and inter-
est as the said bonds and interest or coupons may severally
mature, said levy and collection of taxes shall be made on the
several Election Districts mentioned above in the following
proportions, viz: six per centum of said levy on the first Elec-
tion District; six per centum on the ninth Election District;
fifty-eight per centum on the eighth Election District, and
thirty per centum on the fourth Election District, 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 so issued,
when redeemed whether before or at maturity, shall be can-
celled and it shall be the duty of the Commissioners for Mont-
gomery County to immediately cancel the same.