ALBERT C. RITCHIE^ GOVERNOR, 49

million five hundred thousand ($1, 500, 000) dollars be pro-
vided for the purpose of immediately relieving said situation,
and, that sum in addition to the amount previously authorized
for such purposes under the Act of 1922 aforesaid; therefore,

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the County Commissioners of Baltimore County
are hereby authorized and empowered 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 one million five
hundred thousand ($1, 500, 000) dollars, in denominations of
five hundred ($500) dollars or multiples thereof, to bear
interest at such rate as the County Commissioners of Balti-
more County may determine, not exceeding five per centum
per annum, said interest to be payable semi-annually on the

first day of February and August in each and every year,

coupons to be attached to said bonds for each of said semi-
annual interest payments to be signed by the President of
the said County Commissioners, the said signature to said
coupons either to be printed or written thereon, the said bonds
also to be signed by the said President and by the Treasurer
of said county and to have the corporate seal of said county
affixed thereto and said loan and every part thereof and the
interest payable thereon shall be and remain exempt from
State, county and municipal taxes.

SEC. 2. And be it further enacted, That five hundred
thousand ($500, 000) dollars of said bonds shall be dated the
first of February, 1925, two hundred and fifty thousand
($250, 000) dollars the first of August, 1925, five hundred
thousand ($500, 000) dollars the first of February, 1926, and
two hundred and fifty thousand ($250, 000) dollars shall be
dated the first of August, 1926, and all of said bonds shall be
sold in series according to their maturity and each series
lettered alphabetically with a different letter or letters, be-
ginning with the letter A, and the bonds of each series num-
bered consecutively beginning with number one. And said
bonds shall be so issued that the principal of said loan shall
accrue and be payable as follows:

$10, 000 on February 1, 1927.
12, 000 on February 1, 1928.
14, 000 on February 1, 1929.
16, 000 on February 1, 1930.
18, 000 on February 1, 1931.
21, 000 on February 1, 1932.