EMERSON C. HARRINGTON, GOVERNOR. 1577

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the County Commissioners of Kent County are here-
by authorized and directed to borrow on the credit of said
County an amount not exceeding eighteen 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 Commission-
ers and countersigned by the Clerk thereof, and under the cor-
porate seal of said Board of County Commissioners, to be desig-
nated 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 August and on the first day of
February of each year, which bonds shall be exempt from all
State, 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 August 1, 1916, and be pay-
able in sums of one thousand dollars in each of the years begin-
ning with August 1, 1917, and each year thereafter until fully
paid; said bonds to be numbered consecutively and to be re-
deemed 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
successive 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.