ALBERT C. RITCHIE, GOVERNOR 1283

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 of not less than one hundred dollars, and not more
than five hundred dollars; the said bonds to bear interest
from the date of issue thereof, at the 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
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 fol-
lows: That is to say, not less than one thousand dollars
thereof in one year from the date of their issue, and there-
after annually 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 County Commissioners
shall issue the said bonds in series, redeemable in their proper
order; and the said bonds shall be sold after due advertise-
ment 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.

SEC. 4. And be it further enacted, That the said County
Commissioners shall cause to be levied and collected on the
assessable property of the Fourth Election District, an addi-
tional tax, annually, sufficient to pay the said bonds and inter-
est, or coupons as they severally mature, as provided herein ;
and the said special tax or levy shall be a lien upon the tax-
able property of the Fourth Election District and the said tax
shall be collected in a like manner as other taxes levied in
said county are collected, and when collected shall be applied,
as provided, to the payment of said bonds as they severally
mature and the interest thereon semi-annually and said bonds
shall be non-contestible for any cause whatsoever, and the
said bonds and coupons so issued, when redeemed, whether
before or at maturity, shall be cancelled, and it shall be the
duty of the said County Commissioners to immediately cancel
the same.