694 LAWS OF MARYLAND. [ CH. 403

SEC. 3. And be it enacted, That the County Commissioners
of Queen Anne's County shall sell the bonds, authorized by
this Act to be issued, either at public or private sale, but the
said County Commissioners in negotiating the sale of the said
bonds authorized by this Act shall give not less than two weeks'
previous notice by advertisement in one or more newspapers
published in Queen Anne's County, inviting proposals or bids
for the purchase of said bonds, and on a certain day to be
named in said advertisement, said County Commissioners shall
in their office in the Court House, in Centreville, Queen
Anne's County, Maryland, consider all bids received, and
the said bonds shall be disposed of. to the highest bidder or
bidders for cash at not less than the par value and accrued
interest thereof, and the said County Commissioners shall have
power to offer any or all of said bonds at one time or to offer
them or any of them at such time or times as the said County
Commissioners shall deem necessary for the purpose herein
provided, and shall have power to refuse and reject any and
all bids and to reoffer the same bonds or any part of them as
above provided or otherwise, in their discretion, and the bonds
shall not be disposed of by the said County Commissioners at
less than their par value together with accrued interest
thereon, and no part of the proceeds of the sales of any bonds
hereby authorized to be issued shall be applied in any man-
ner to the payment of any indebtedness of Queen Anne's
County, other than such as may be incurred under the pro-
visions of this Act.

SEC. 4. And be it enacted, That said bonds hereby author-
ized to be issued each and every year shall be issued in series
numbered consecutively, beginning with No. 1, to an aggre-
gate amount not exceeding $100,000.00 in any one year, each
series to consist of $5,000.00 of the amount issued each and
every year, and each issue to be dated as of the 1st day of
June in each year of their issue, and shall be payable and
redeemable as follows: $5,000.00 of the amount of said bonds
issued each and every year shall be paid on the 1st day of
June subsequent to the date of their issue, and $5,000.00 of
the issue of said bonds of each and every year to be paid and
redeemed on each succeeding 1st day of June thereafter until
the whole amount of each issue of said bonds shall have been
paid.