1456 LAWS OF MARYLAND. [CH. 508

bonds as may be mentioned or designated in said advertise-
ment, and shall award them to the highest resposible bidder
or bidders therefor for cash; provided that the same shall not
be sold for less than their par value and accrued interest; if
two or more bidders have made the same bid, and such bid is the
highest, and the bonds so bid for by the highest responsible bid-
ders are in excess of the whole amount of the bonds so offered
for sale, such bonds shall be awarded to such highest respon-
sible bidders bidding the same price in a ratable proportion;
and if any of said bonds so offered for sale are not bid for, or
if any insufficient price be bid for them, they may be subse-
quently disposed of under the direction of the said County
Commissioners or a majority of them, at a private sale upon
the best terms they can obtain for the same; provided they shall
not be sold at private sale for less than par and accrued in-
terest.

And in no event shall there be paid to any person, firm or
corporation any discount, commission or compensation of any
kind whatever for the sale of said bonds or any of them, or
for any service in connection therewith.

SEC. 3. And he it enacted, That the sum of three hundred
dollars or so much thereof as may be necessary shall be paid
out of the proceeds of the sale of said bonds for the payment
of the expense of engraving, printing and other outlays con-
nected with the issue of the loan hereby authorized, and for
the payment of the advertising directed by this Act and all
other incidental expenses connected with the execution of its
provisions in connection with said loan.

SEC. 4. And be it enacted, That for the purpose of redeem-
ing said bonds when and as they fall due, as set out in Sec-
tion 2 of this Act, and for securing the prompt payment of
the interest thereon, the said County Commissioners shall for
the year 1923 and annually thereafter, until the last series of
said bonds mature, levy a tax on the assessable property of
said county sufficient to pay the annual interest on such of
said bonds as may be outstanding and in addition thereto the
sum of sixteen thousand dollars each year, to pay the principal
of said debt and shall for the year 1922 levy a tax on the
assessable property of said county sufficient to pay the annual
interest on all of said bonds as may be outstanding; and the
county treasurer shall reserve out of the money collected by
him for county purposes generally a sum sufficient to pay in-
terest on said lxnds when due and to pay the principal amount