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1194 LAWS OF MARYLAND. [CH. 579
nually on the first day of January and the first day of 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 said County and the Treasurer of said Coun-
ty, (provided that the coupons for the interest thereon may
be authenticated by the engraved, lithographed or printed sig-
nature of the President of said County Commissioners), to have
the corporate seal of the said County Commissioners of Howard
County affixed thereto, and to be exempt from all state, county
and 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 County School Bonds
of 1927".
SEC. 2. And be it further enacted, That said bonds shall be
dated July 1st, 1927, and shall be issued according to what is
known as the Serial Annuity Plan, and the Series shall be let-
tered beginning with the letter A and so on down the alphabet,
until the said amount of One Hundred and Forty Thousand Dol-
lars ($140, 000. 00) shall have been issued, so that the entire prin-
cipal sum shall be redeemable as follows:
|
Series
|
Amount
|
Redeemable
|
|
A..................
|
$ 1, 000. 00
|
July 1st, 1928
|
|
B..................
|
1, 000. 00
|
July 1st, 1929
|
|
C..................
|
2, 000. 00
|
July 1st, 1930
|
|
D..................
|
2, 000. 00
|
July 1st, 1931
|
|
E..................
|
2, 000. 00
|
July 1st, 1932
|
|
F..................
|
2, 000. 00
|
July 1st, 1933
|
|
a..................
|
2, 000. 00
|
July 1st, 1934
|
|
H..................
|
3, 000. 00
|
July 1st, 1935
|
|
I..................
|
3, 000. 00
|
July 1st, 1936
|
|
J..................
|
3, 000. 00
|
July 1st, 1937
|
|
K..................
|
4, 000. 00
|
July 1st, 1938
|
|
L..................
|
4, 000. 00
|
July 1st, 1939
|
|
M..................
|
4, 000. 00
|
July 1st, 1940
|
|
N..................
|
5, 000. 00
|
July 1st, 1941
|
|
O..................
|
5, 000. 00
|
July 1st, 1942
|
|
P..................
|
5, 000. 00
|
July 1st, 1943
|
|
Q..................
|
6, 000. 00
|
July 1st, 1944
|
|
R..................
|
6, 000. 00
|
July 1st, 1945
|
|
S..................
|
6, 000. 00
|
July 1st, 1946
|
|
T..................
|
7, 000. 00
|
July 1st, 1947
|
|
U..................
|
7, 000. 00
|
July 1st, 1948
|
|
V..................
|
8, 000. 00
|
July 1st, 1949
|
|
W..................
|
8, 000. 00
|
July 1st, 1950
|
|
X..................
|
8, 000. 00
|
July 1st, 1951
|
|
Y..................
|
8, 000. 00
|
July 1st, 1952
|
|
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