588 LAWS OF MARYLAND. [CH. 296

of the public road known as the Dickerson-Martinsburg Road
from the Monocacy School House Corner by way of the Iron
Ridge road to the Poolesville-White's Ferry road at Field's
store, a distance of about five miles within the Third Election
District of said County; and to levy and collect taxes in said
Third Election district of said County for the payment of said
bonds and the coupons thereon, as hereinafter stated.

SEC. 2. And be it further enacted, That the said County
Commissioners of Montgomery County "be and they are hereby
directed to borrow on the credit of the said County a sum not
to exceed Fifteen Thousand Dollars ($15, 000) for the purpose
of building and improving a portion of the public road known
as the Dickerson-Martinsburg Road from Monocacy School
House by way of the Iron Ridge Road to Field's store on the
Poolesville-White's Ferry road, a distance, of about five miles,
as herein provided; and the said County Commissioners shall
issue coupon bonds under the corporate seal of said County
Commissioners for the amount borrowed under the provisions
of this Act, the said bonds to be signed by the President of the
Board of County Commissioners and countersigned by the
Clerk thereof, in sums not less than one hundred dollars ($100)
and not more than Five hundred dollars ($500), the said
bonds to bear interest from the date of issue thereof at the rate
of not more than five (5) per centum per annum, payable semi-
annually, and which said interest to the maturity of each of
said bonds shall be provided 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
their 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 Five Hundred Dollars ($500)
thereof in one year from the date of their issue and thereafter
annually Five Hundred Dollars ($500) each and every year
until the whole amount of said bonds and coupons shall have
been fully paid; and to this end the said County Commission-
ers shall issue the said bonds in series, redeemable in their
proper order; and the said bonds shall be sold after due adver-
tisement at public or private sale in the discretion of the said
County Commissioners, and none of said bonds shall be 'sold
for less than par and accrued interest.