188 LAWS OF MARYLAND. [CH. 117

porate seal of said county, the said bonds to be separately
noted and recorded in a book to be kept for that purpose.

SECTION 2. Be it enacted, That said bonds shall be issued
in five series of fifty thousand dollars each, as follows:

Fifty thousand dollars payable in twenty-five years; fifty
thousand dollars payable in thirty years; fifty thousand dol-
lars payable in thirty-five years; fifty thousand dollars pay-
able in forty years; fifty thousand dollars payable in forty-
five years, after the date of their issue, which shall be as of
July 1st, 1920. The said bonds shall be advertised by the

said County Commissioners and sold to the highest bidder for
cash, provided that the same shall not be sold for less than
their par value, nor shall the said County Commissioners pay
any commissions for the sale thereof; provided, further, that
they may, in their discretion, sell the same at public auction
at the Court House door at Elkton, or else sell by sealed bids
to be opened publicly on the day named in said advertisement,
when the award shall be made to the highest bidder, but they
may reject any or all bids; and all bids shall be accompanied
by a certified check for ten per cent of the amount of such
bid, and the checks of unsuccessful bidders shall be immedi-
ately returned to them.

SECTION 3. That the County Commissioners in pursuance
of the objects of this Act shall use for the improvement of the
roads, such sums, and in such manner, as they may think for
the best interest of the county, until the whole sura is ex-
hausted, and in the work to be done upon said roads from the
monies hereby negotiated, they may, in their discretion, use it
as a separate individual fund, or they may use the same in
connection with any State, Federal or other appropriation, to
be distributed to said county under any Act of the General
Assembly or from any other source.

SECTION 4. And be it enacted, That for the purpose of
redeeming said bonds at their maturity or for securing the
prompt payment of the interest coupons, the said County

Commissioners, shall, for the year of 1920, and annually
thereafter, until the maturity of the last of the bonds issued
under the authority of this Act, levy a tax on the assessable
property of said county sufficient to pay the annual interest
on said bonds sold and unpaid; and also, in addition thereto,
for the sinking fund, they shall levy an amount which, with
accumulated interest thereon will enable them to meet the