ALBERT C. RITCHIE, GOVERNOR. 451

Hancock, Washington County, and to provide for levying
taxes to pa.y the interest on said bonds and the bonds as
they mature.

SECTION 1. Re it enacted by the General Assembly of Mary-
land, That the County Commissioners of Washington County
be and they are hereby authorized and empowered to issue
serial coupon bonds on the credit of said county to an amount
not exceeding forty thousand ($40,000) dollars, said bonds to
be issued in sums of one hundred ($100) dollars, or any multi-
ple thereof, to be signed by the President of the Board of
County Commissioners of said county and countersigned by
the Clerk of said Board, to bear interest at a rate not exceed-
ing five per centum per annum, payable semi-annually on
January first and July first in each and every year during
which said bonds shall be outstanding and remain unpaid, and
to be exempt from State, municipal and county taxation. The
said bonds shall have written on them a distinct reference to
the Act authorizing the issue, and shall be designated as Wash-
ington County Hancock School Bonds.

SEC. 2. And be it further enacted, That the said bonds shall,
be dated July 1, 1920, and so issued that bonds to the extent of
two thousand ($2,000) dollars shall mature and become pay-
able on July 1, 1925, and two thousand ($2,000) dollars on
July 1st each year thereafter until the entire issue of bonds
shall have matured and been paid; and said bonds shall be sold
after due advertisement in at least one newspaper of Hagers-
town, asking for sealed bids for said bonds, to the highest bid-
der or bidders, and said Commissioners shall have the right to
reject any or all bids. The proceeds of the sale of said bonds
shall be used for the erection of a high school building in the
town of Hancock, Washington County, Maryland.

SEC. 3. And be it further enacted, That the County Com-
missioners of Washington County be and they are hereby au-
thorized and directed to levy annually on the taxable property
of said county a sum of money sufficient to pay the interest on
said bonds and to redeem said bonds as they mature and be-
come payable, and said taxes shall be collected in like manner
as other taxes in said county, and when collected shall be
applied to the payment of the interest on said bonds and to
the redemption of said bonds as they mature and become pay-
able.