1002 LAWS or MARYLAND. [On. 485

and credit of said County a sum not to exceed Six Hun-
dred Thousand Dollars, ($600,000.00.) and to issue and
sell coupon bonds therefor, and to expend the proceeds
thereof for the purpose of constructing and permanently
improving the public roads of said County; and for the
purpose of the purchasing of sites and the erection and
equipment of new public school buildings, and the enlarg-
ing, equipment and permanent improvement of old public
school buildings in said County; and to provide for the
payment of the interest on said bonds and of the principal
thereof as the same shall mature; and to provide for the
levying of taxes for the purpose of paying said interest
and to create a sinking fund for the liquidation of said
bonds, and for the creation of a commission to carry out
the provisions of this Act, in conjunction with the Board
of County Commissioners.

SECTION 1. Be it enacted Ity the General Assembly of Mary-
land, That the Board of County Commissioners of Howard
County in order to provide funds necessary for the purchase
of sites and the erection and equipment of new public school
buildings and the enlargement, equipment and permanent im-
provement of old public school buildings, and for the con-
struction and permanent improvement of public roads in said
County, whenever and wherever the County Commissioners
and the Commission hereby created shall have heretofore de-
termined, or shall hereafter determine, that such construction
or improvement is necessary are hereby authorized and em-
powered to borrow money on the faith and credit of said
County and to issue and sell coupon bonds therefor to an
amount not to exceed Six Hundred Thousand Dollars ($600,-
000) in denominations of One Hundred Dollars ($100) or
any multiple thereof to bear interest at the rate not exceeding
five per centum (5%) per annum, payable semi-annually on
the first day of January and the first day of July in each and
every year, until the same shall be paid, coupons to be attached
to said bonds for each of said semi-annual interest payments
to be signed by the president of the said Board of County

Commissioners, the said signature either to be printed or
written thereon, the said bonds also to be signed b}' the said
President and by the Treasurer of said County and to have the
corporate seal of said Howard County affixed thereto, and
said loan and every part thereof and the interest payable