256 LAWS OF MARYLAND. [CH. 159

July 1, 1944..................................	50, 000
July 1, 1945..................................	50, 000
July 1, 1946..................................	65, 000
July 1, 1947..................................	55, 000
July 1, 1948..................................	30, 000

SEC. 3. And be it further enacted, That said bonds shall be
known as "Public Road Bonds of Anne Arundel County" and
they shall be further identified by the series letter assigned to
them respectively and that the said bonds and the interest there-
on shall be and remain exempt from state, county and municipal
taxes of every kind whatsoever in the State of Maryland.

SEC. 4. And be it further enacted, That each series of bonds
shall be sold separately at such times, not later than one year
after the date of issue thereof, as may be determined by the
County Commissioners of Anne Arundel County. Before pro-
ceeding to sell each series of bonds the said County Commis-
sioners of Anne Arundel County shall advertise at least once a
week for three successive weeks in one newspaper published in
the city of Baltimore, Maryland, and at least once a week
for three successive weeks in one newspaper published in
Anne Arundel County, Maryland, and by such other advertise-
ment as they shall think proper, that they will be in readiness
at a time and place to be named in said advertisement, within
fifteen days after the third publication thereof in said newspa-
pers, to receive sealed bids for the bonds described in said ad-
vertisement, under such regulations as the said County Com-
missioners of Anne Arundel County by their order may pre-
scribe. Upon the day mentioned in said advertisement for open-
ing the bids for said bonds as described therein, the County
Commissioners of Anne Arundel County shall receive bids for
the purchase of said bonds and on opening; said bids in public
the bonds so bid for shall be awarded by the County Commis-
sioners of Anne Arundel County to the highest responsible bid-
der or bidders therefor for cash, if the prices bid are adequate
in the judgment of the County Commissioners of Anne Arundel
County, and when two or more bidders have made the same bid,
and such bid is the highest and for the whole amount of the
bonds so offered for sale, or taken together in excess of said
whole amount, such bonds shall be awarded to such highest re-
sponsible bidders bidding the same price in a ratable propor-
tion; and if any of said bonds so offered for sale are not bid for,
or if any insufficient price be bid for them, they may be sub-
sequently disposed of under the direction of the County Com-
missioners of Anne Arundel County at a private sale upon the
best terms that can be obtained for the same; provided, how-
ever, that said bonds shall not be sold at either public or pri-