ALBERT C. RITCHIE, GOVERNOR, 263

Harford County, Maryland, the County Commissioners of
Harford County be and they are hereby authorized, empowered
and directed to issue serial bonds upon the faith and credit of
said Harford County, to be signed by the President thereof,
and attested by the Treasurer of said Harford County, and
the seal of said County Commissioners attached thereto, to be
known as "Public School Improvement Bonds of Harford
County, Maryland. "

SEC. 2. And be it further enacted, That the amount of said
bonds shall not exceed in the aggregate the sum of two hundred
and fifty thousand ($250, 000) dollars, to be issued in denomi-
nations of one hundred dollars or any multiple thereof, on the
faith and credit of Harford County, Maryland; said bonds to
be issued, dated and to draw interest from the first day of
January of the year following the referendum vote, provided
for in Section 6 herein following. Said bonds to be exempt
from state, county and municipal taxation, to bear interest
at a rate not exceeding six per centum per annum, payable on
the first days of July and January of each year and to be so
issued that twelve thousand five hundred ($12, 500) dollars
of said bonds shall mature and become payable on January 1st
of the year following the date of issue of said bonds, and twelve
thousand five hundred ($12, 500) dollars on January 1st each
year thereafter, until the entire issue of bonds shall have ma-
tured and been paid; and said bonds shall be sold after due
advertisement, to the highest bidder or bidders and said Com-
missioners shall have the right to reject any or all bids.

SEC. 3. And be it further enacted, That the County Com-
missioners of Harford County be and they are hereby author-
ized 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 become
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 redemp-
tion of said bonds as they mature and become payable.

SEC. 4. And be it further enacted, That when said bonds
are properly prepared and duly executed as described, the
County Commissioners of Harford County are hereby author-
ized and required to sell said bonds to the best possible advan-
tage at public or private sale, at such time or times and in
such amounts, and on such notice as they may deem best, at