ALBERT C. RITCHIE, GOVERNOR. 935

faith and credit of said County, and to issue and sell coupon
bonds therefor to an amount not to exceed Two Hundred Thou-
sand Dollars ($200, 000), said bonds to be issued in denomina-
tions of One Hundred Dollars ($100. 00) or any multiple thereof,
to bear interest at such rate as the County Commissioners of How-
ard County may determine, not exceeding five per centum (5%)
per annum, said interest to be payable semi-annually on the first
days of January and July in each year during which said bonds
shall be outstanding and remain unpaid, to be signed by the
President of the County Commissioners of Howard County, and
by the Treasurer of said County (provided that the coupons for
the interest thereon may be authenticated by the engraved, litho-
graphed or printed signature of the President of said County
Commissioners), to have the corporate seal of said County Com-
missioners of Howard County affixed thereto, and to be exempt
from all State, County or Municipal taxes. The said bonds shall
have written or printed on them a distinct reference to the Act
authorizing the issue, and shall be designated as ''Howard Coun-
ty Road Bonds of 1924. "

SEC. 2. And be it further enacted, That the said bonds shall
be dated July 1st, 1924, and shall be issued according to what is
known as the serial annuity plan, and the series shall be lettered,
beginning with the letter "A, " and so on down the alphabet,
until the said amount of Two Hundred Thousand Dollars ($200, -
000. 00) shall be issued, so that the entire principal shall be re-
deemable as follows:

Series Amount Redeemable

A ........................... $ 2, 000 July 1, 1927

B ............................. 2, 000 July 1, 1928

C ............................. 2, 000 July 1, 1929

D ........................... 2, 000 July 1, 1930

E ............................. 3, 000 July 1, 1931

F ............................. 3, 000 July 1, 1932

G ............................. 3, 000 July 1, 1933

H ............................. 4, 000 July 1, 1934

I ............................. 5, 000 July 1, 1935

J ............................. 5, 000 July 1, 1936

K ............................. 6, 000 July 1, 1937

L ............................. 6, 000 July 1, 1938

M ............................. 6, 000 July 1, 1939

N ............................. 7, 000 July 1, 1940

O ............................. 7, 000 July 1, 1941

P ............................. 7, 000 July 1, 1942