1176 LAWS OF MARYLAND [CH. 589

interest thereof may be authenticated by the engraved, litho-
graphed or printed signatures of the President of said Board
and the County Superintendent. Said bonds shall be dated
on the date of their issue and shall be payable, as to principal,
thirty (30) years after date and shall bear interest at the
rate of five (5%) per cent per annum, payable semi-ammally
in each and every year until maturity, shall be forever exempt
from all county and municipal taxation, shall have printed on
them a reference to this Act as authorizing the issue thereof,
and may be registered, as to the principal, by the County
Superintendent in a separate book to be kept by him for that
purpose, if such registration is desired at any time by any
holder thereof. The principal and interest thereof shall be
payable at some bank or trust company to be determined by
said Board of Education and the place of payment shall be
stated on the bonds and coupons.

SEC. 3. And be it further enacted, That the Board of Edu-
cation of Prince George's County shall advertise for sealed
bids for said bonds by inserting a notice in at least two (2)
daily newspapers published in the City of Baltimore, to be
selected by them, at least once a week for two (2) successive
weeks before the opening of said bids, and the said bonds
shall be sold to the highest responsible bidders therefor for
cash, and the terms of bidding and the amount of deposit
required to be made shall be in the discretion of the Board
of Education, who shall have the right to reject any and all
bids.

SEC. 4. And be it further enacted, That the Hoard of Edu-
cation of Prince George's County shall use the money received
from the sale of the bonds issued hereunder immediately upon
its receipt for the specific purpose for which said bonds have
been issued and for no other purpose whatever. The Board
of Education is hereby authorized to build and construct the
schools for which bonds are issued from time to time, and are
given full power and authority to do all manner of things in
connection with such construction as may be necessary.

SEC. 5. And be it further enacted, That the County Com-
missioners of Prince George's County are hereby authorized
and directed to levy each and every year after any bond
issue under the provisions hereof as a separate fund for each
of such issues a sufficient amount of money to meet the interest