ALBERT C. RITCHIE, GOVERNOR. 7

CHAPTER 3.

AN ACT to authorize, empower and direct the County Com-
missioners of Washington County to issue bonds on the
credit of said county to the extent of six hundred thousand
($600, 000. 00) dollars for the purchase of site or sites, for
the erection, improvement and equipment of such school
building or buildings or repairs as the Board of Education
for Washington County may deem necessary within the
City of Hagerstown or anywhere in Washington County,
and to pay for the same or any part thereof and to provide
for levying taxes to pay the interest on said bonds and the
principal of such bonds as they mature and become payable.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the County Commissioners of Washington County
be and they are hereby authorized, empowered and directed to
issue serial coupon bonds on the credit of said county to the
amount of six hundred thousand ($600, 000. 00) dollars, said
bonds to be issued in sums of one hundred ($100. 00) dollars or
any multiple thereof, to be signed by the President of the
Board of County Commissioners of said county and signed by
the Clerk of said Board, to bear interest at a rate not exceed-
ing five (5) 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
exempt 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 Washing-
ton County School Bonds.

SEC. 2. And be it further enacted, That the said bonds shall
be dated July 1st, 1924, and so issued that bonds to the extent
of twenty thousand ($20, 000. 00) dollars shall mature and be-
come payable on July 1, 1925, 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; said bonds shall be sold by said County Commissioners
for not less than par value plus any accrued interest after due
advertisement in at least one newspaper printed in Hagerstown,
Maryland, and in at least one newspaper printed in the City
of Baltimore, asking for sealed bids for said bonds, to the high-
est responsible bidder or bidders and the said County Commis-
sioners 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 immediately after the