60 LAWS OF MARYLAND. [CH. 34

of the Commissioners of Millington to an amount not exceed-
ing ten thousand ($10, 000. 00) dollars, in sums not less than
one hundred ($100. 00) dollars, to be signed by the Commis-
sioners of Millington under the corporate seal of said Com-
missioners, to be designated as "Millington Building Bonds, "
bearing interest at a rate to be fixed by the Commissioners of
Millington not exceeding six per centum per annum, payable
semi-annually on the first day of July and the first day of
January of each year; said bonds to be exempt from all State,
County and Municipal taxation and the due or overdue cou-
pons for interest on same shall be received by the Commis-
sioners of Millington in payment of town taxes; said bonds
shall bear date as of July 1, 1924, and be payable in sums of
five hundred ($500. 00) dollars in each of the years beginning
with the, first day of July, 1925, and each year thereafter
until fully paid; said bonds to be numbered consecutively, and
shall be redeemed in the order in which they are numbered,
but said bonds shall be redeemable at the option of the Com-
missioners of Millington after ten years from the date of
issue.

SEC. 2. And be it further enacted, That said Commission-
ers of Millington are hereby authorized and directed to adver-
tise at least once a week for four successive weeks in two
newspapers published in Kent County and a newspaper pub-
lished in the City of Baltimore for sealed proposals for the
negotiation of said bonds, and on a certain day, to be named in
said advertisement, the said Commissioners of Millington shall,
in the presence of such person or persons as may be interested
in said bonds, open all bids received and award the bonds to
the highest bidder, provided no bids less than par shall be
accepted and reserving to the Commissioners of Millington the
right to reject any and all bids and to readvertise at any time
for new bids.

SEC. 3. And be it further enacted, That the Commissioners
of Millington shall create an annual sinking fund beginning
with the year 1924 for the payment of interest and for the
redemption of said bonds, and if said sinking fund cannot be
made sufficient under the present authorized levy or any future
authorized levy to pay the interest on said bonds and the one-
twentieth part of said bonded debt as it matures, the said
Commissioners of Millington are hereby authorized to levy
and collect annually a tax upon the taxable property in the
town of Millington a sum sufficient to provide for the payment