854 LAWS OF MARYLAND. [CH. 382

Board of County Commissioners of said county and signed by
the Clerk of said Board, to bear interest at a rate not exceeding
five per centum per annum payable semi-annually on January
1st and July 1st in each and every year during which said
bonds shall be outstanding and remain unpaid, and to be ex-
empt from State, Municipal and County taxes. The said bonds
shall have written on them a distinct reference to the Act
authorizing the issue, and shall be designated as Washington
County School Bonds.

SEC. 2. And be it further enacted, That the said bonds
shall be dated July 1st, 1922, and so issued that bonds to
the extent of one hundred thousand ($100,000.00) dollars
shall mature and become payable on July 1, 1927, and twenty
thousand ($20,000.00) dollars on July 1st of each and every
year thereafter until the entire issue of said bonds shall have
matured and been paid; and said bonds shall be sold after due
advertisement, in at least one newspaper printed in Hagers-
town, Maryland, and in at least one newspaper printed in the
City of Baltimore, asking for sealed bids for said bonds, to the
highest bidder or bidders and the said Commissioners shall have
the right to reject any or all bids.

SEC. 3. And be it further enacted, That the proceeds of the
sale of said bonds shall be paid over when necessary to pay
for any site, buildings or repairs pure-based, constructed or
repaired, as contemplated under this Act, and after the re-
ceipt thereof by the said Board of County Commissioners to
the Board of Education of Washington County to be used by
said Board of Education as in their judgment seems most ad-
visable for the purchase of land for a site for and the erection,
completion and equipment of such new school buildings, includ-
ing a new High School, in Hagerstown, Maryland, at a maxi-
mum cost of not more than two hundred thousand ($200,000 )
dollars, and the erection or repair of other school buildings in
Washington County at such place or places as the Board of
Education may deem most necessary, provided that not more
than sixty thousand ($60,000) dollars be used at any one place
outside of Hagerstown. Said proceeds from the sale of said
bonds to be used when necessary to pay for any site or the erec-
tion, completion and equipment of any building or buildings or
repairs on old buildings needful for the proper comfort of the
scholars or the preservation of existing; buildings now used for
school purposes.