1040 LAWS OF MARYLAND. [CH. 514

by the President of Said Board of County Commissioners and
countersigned by the Clerk thereof, and under the corporate
seal of said Board of County Commissioners, to be designated
as "Kent County Public School Bonds," bearing interest at
a rate to be fixed by the County Commissioners of Kent Coun-
ty, Maryland, not exceeding five per centum per annum, pay-
able semi-annually on the first day of July and on the first
day of January of each year, which bonds shall be exempt
from all State, County and Municipal taxation in Kent County,
Maryland, and the due or overdue coupons for interest shall
be received by the Treasurer of said County in payment of
County Taxes. Said bonds shall bear date as of July 1st,
1927, and be payable in sums of Two Thousand Dollars in each
of the years beginning with July 1st, 1929, and each year
thereafter until fully paid; said bonds to be numbered con-
secutively and to be redeemed in the order in which they are
numbered.

SEC. 2. And be it further enacted, That the County Com-
missioners of Kent County, Maryland, are hereby authorized
and directed to advertise at least once a week for three suc-
cessive weeks in three newspapers published in Kent County,
Maryland, for sealed proposals for the negotiation of said bonds,
and on a certain day to be named in said advertisements, said
County Commissioners shall in their office in the Court House,
in Chestertown, open all bids received and award the said
bonds to the highest bidder, provided no bid less than par shall
be accepted, reserving, however, unto themselves the right to
reject any and all bids and to readvertise as herein prescribed
for other bids.

SEC. 3. And be it further enacted, That the County Com-
missioners of Kent County, Maryland, shall in each and every
year levy upon the assessable property in Kent County, Mary-
land, such sums of money as may be necessary to pay the in-
terest on said bonds as said interest shall become due, and also
to levy such sums in addition as may be required to pay or
redeem said bonds as the same mature from time to time
until all said bonds shall have been paid.

SEC. 4. And be it further enacted, That the proceeds of
the sale of said bonds shall be paid over to the Commission
hereinafter to be named, and to be known as the Rock Hall Public
Elementary School Commission, to be used and applied by
said Commission exclusively in the purchase of a suitable site
of such quantity of land as said Commission may deem neces-
sary (if any shall be necessary), and in the building and
equipping of a Public Elementary School house in Rock Hall;