596 LAWS OF MARYLAND. [CH. 303

CHAPTER 303.

AN ACT to authorize the County Commissioners of Talbot
County to issue coupon bonds of said County to the amount
of Fifty Thousand ($50, 000) Dollars, for the purpose of
providing money to pay for the construction of bridges al-
ready built, for bridges now in process of construction or
about to be constructed, and for the construction of roads
already built, for roads now in process of construction or
about to be constructed in said County, and repairs to same,
and to levy a tax for the payment of said bonds and the
interest thereon.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the County Commissioners of Talbot County be, and
they are hereby authorized and empowered to borrow on the
credit of Talbot County the sum of Fifty Thousand ($50, 000)
Dollars, and to issue coupon bonds therefor in the sum of one
thousand dollars each, to be signed by the President of the
Board of County Commissioners of Talbot County, and the
corporate seal of the County Commissioners of said County
shall be affixed thereto, attested by the Treasurer of said County,
which said bonds shall be denominated "Talbot County Bridge
and Road Bonds"; and the said bonds shall bear interest at the
rate of four and one-half (4 1/2) per centum per annum, pay-
able semi-annually, accounting from the date of issuance thereof,
and shall have printed on them a distinct reference to this Act;
and the date of issue shall be the same on all the bonds issued
under this Act, which date shall be July 1st, 1916; and the said
bonds shall be advertised and sold to the highest bidder by the
said County Commissioners of Talbot County for a sum of
money not less than the par value of the same.

SEC. 2. And be it enacted, That the said bonds to be issued
under this Act shall mature two in each and every calendar
year, commencing with Bond No. 1 and No. 2 on July first,
nineteen hundred and seventeen, and so on, two bonds' as
per consecutive serial numbers, each and every July the first,
next following, until all such bonds are paid; and the said
bonds, with interest thereon, shall be paid, as aforesaid, and
cancelled by the said County Commissioners of Talbot County,
until the whole of said bonds shall have been paid.

SEC. 3. And be it enacted, That to pay and cancel the said
bonds issued under this Act, and the interest thereon, the said
County Commissioners of Talbot County shall levy upon the as-