1028 LAWS OF MARYLAND. [CH. 466

said County Commissioners attached to every bond so issued;
said bonds to be dated the first day of July, 1923, and to bear
interest at a rate not exceeding five per centum per annum,
payable semi-annually on the first day of January and the first
.day of July in each and every year until maturity thereof, and
the said bonds shall mature as follows: Ten Thousand Dollars
($10,000) thereof on July 1, 1928, and annuaUy thereafter the
sum of Ten Thousand Dollars ($10,000) in every year until all
of said bonds shall have matured.

SEC. 2. And be it further enacted, That said bonds shall have
written or printed on them a distinct reference to the Act di-
recting the issue of the same, and that said bonds when issued
shall be exempt from municipal and county taxation in Gar-
rett County, and they shall be sold after due advertisement
by the County Commissioners to the highest bidder or bidders.

SEC. 3. And be it further enacted, That the said County
Commissioners for Garrett County shall levy annually upon the
assessable property of said county a tax sufficient to pay the
interest upon said bonds, and in the year 1928 they shall levy
the sum of Ten Thousand Dollars ($10,000) to meet the first
maturing bonds issued, and annually thereafter the said
County Commissioners shall levy upon the assessable property
of said County the sum of Ten Thousand Dollars ($10,000) for
the payment of such bonds as annually mature until the ma-
turity of the last bonds by this Act authorized to be issued.

SEC. 4. And be it further enacted, That the Clerk of the
County Commissioners of Garrett County shall record the said
bonds when the same are sold, showing to whom the same were
sold, what price was obtained therefor, the serial number there-
of and shall keep a record upon the books of said County Com-
missioners of all bonds paid.

SEC. 5. And be it further enacted, That the County Com-
missioners of Garrett County, shall, when notified by the
County Board of Education of said County that they desire to
avail themselves of the provisions of this Act and of the amount
of money they will require for the purpose aforesaid, the said
Board of County Commissioners, previously in written form
having concurred in the need therefor, advertise and sell such
proportionate part of said bonds as above provided to an
amount sufficient to produce the sum designated by the said
County Board of Education, and as previously concurred in