306 LAWS or MARYLAND. [CH. 126

SEC. 2. And be it further enacted, That the said, The
County Commissioners for Dorchester County, be and they
are hereby authorized, empowered and directed to issue the
said bonds in the denomination hereinafter provided; the
same to be signed by the President of The County Commis-
sioners for Dorchester County and countersigned by the Clerk
thereof, with the seal of The County Commissioners for Dor-
chester County attached. The said bonds to be issued in the
denomination of one thousand dollars ($1, 000. 00) each, on the
faith and credit of the County of Dorchester, and shall be
a lien upon the taxable property thereof, and to bear interest
from the date of the issue thereof, at the rate of not more than
four and one-half per centum per annum, payable semi-an-
nually; which said interest to the maturity of each of the said
bonds shall be provided for and set forth in the coupons at-
tached to each of said bonds, which said bonds shall be num-
bered consecutively and shall have printed on them and on the
coupons attached to them a distinct reference to this Act
authorizing the issue thereof.

SEC. 3. And be it further enacted, That the said bonds
shall be redeemable as follows: That is to say, ten thousand
dollars, on July 1, 1923, and ten thousand dollars, in each and
every succeeding year until the whole amount of said bonds
shall have been fully paid.

SEC. 4. And be it further enacted, That all of the said
bonds shall be dated the First day of July, 1922, and bear
interest from the date thereof, payable semi-annually, at a
rate not exceeding four and one half per centum per annum.
Said interest to be payable on the First day of January and
July in each year to the maturity of each of said bonds; ten
of the said bonds, commencing with No. 1, shall be due and
redeemable the First day of July, 1923, ten more of said bonds,
in order according to numbers, shall be due and redeemable
on the succeeding First day of July, and ten more of the said
bonds each year thereafter, until all of said bonds are due and
redeemed.

SEC. 5. And be it further enacted, That after the said bonds
shall have been properly and duly executed as herein pre-
scribed, the said, The County Commissioners for Dorchester
County, are hereby authorized and directed to sell the said
bonds at such times and in such numbers as may be necessary
for the objects and purposes of this Act, at public sale, to the