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398 LAWS OF MARYLAND. [CH. 221
tract for and superintend such work; and to empower and
require the said County Commissioners to levy and collect a
tax upon the assessable property of said county to pay the
said bonds, and interest thereon, as the same shall mature.
'SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the County Commissioners of Dorchester County, for
the purposes hereinafter set forth, are hereby authorized, em-
powered and required to issue coupon bonds, payable to the
bearer or holder thereof, on the faith and credit of Dorchester
County aforesaid, to the amount of two hundred thousand
dollars, in denominations of one thousand dollars each, to
be numbered from 1 to 200 consecutively, both inclusive, to
bear interest from the date thereof at the rate of 4% per
centum per annum, payable semi-annually, on the first day
of January and the first day of July, in each year that the
same are outstanding, and the principal thereof to mature and
be redeemable serially as follows:
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$ 9, 000
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thereof
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six
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years
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after
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date;
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10, 000
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seven
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11, 000
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eight
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11, 000
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nine
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11, 000
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ten
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12, 000
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eleven
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13, 000
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twelve
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13, 000
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thirteen
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14, 000
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fourteen
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14, 000
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fifteen
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15, 000
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sixteen
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16, 000
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seventeen
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16, 000
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eighteen
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17, 000
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nineteen
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18, 000
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twenty
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The said bonds shall be signed by the President of the
County Commissioners of Dorchester County, and his sig-
nature shall be attested by the Treasurer of said county, who
shall affix thereto the corporate seal of the said County Com-
missioners; the coupons on said bonds, for the payment of
interest, shall have the signature of the President of said
County Commissioners printed thereon; the bonds shall make
direct reference to the Act, as authorizing the issue, and shall
be denominated the "Dorchester County School Bonds", and
shall be exempt from State, County and municipal taxation.
SEC. 2. And be it enacted, That the said bonds shall
be issued upon the demand of the Board of Education of
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