ALBERT C. RITCHIE^ GOVERNOR. 733

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the County Commissioners of Montgomery
County be and they are hereby authorized, directed and em-
powered to issue serial coupon bonds on the faith and credit
of said County to the amount of not to exceed $60, 000 par
value, said bonds to be issued in denominations of $100. 00
or any multiple thereof, to bear interest at a rate not ex-
ceeding five per centum (5%) per annum, payable semi-
annually in each year during which said bonds shall be out-
standing and remain unpaid, to be signed by the President
of the Board of County Commissioners of said County, and
by the Treasurer of said County, (provided that the coupons
for the interest thereon may be authenticated by the engraved,
lithographed or printed signature of the President of said
Board of County Commissioners) to have the corporate seal
of said Board of County Commissioners of Montgomery
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 "Montgomery
County Police Station Bonds of 1927. "

SEC. 2. And be it further enacted, That the said County
Commissioners of Montgomery County are authorized, di-
rected and empowered to issue the said bonds and sell the
same at such time and in such manner as the said Commis-
sioners may determine, and as herein provided. The said
bonds shall be issued in series maturing as said County

Commissioners shall determine, but none of said bonds shall
be issued for a longer period than forty years from the date of
issue.

SEC. 3. And be it further enacted, That in order to pro-
vide for the selling of said bonds to be issued under the pro-
visions of this Act, the said Board of County Commissioners
of Montgomery County, or a majority of them, are hereby
directed to advertise once a week for four successive weeks
before said bonds, or any part thereof, shall be issued, in such
newspapers as may be determined by the said Board, that
the said Board of County Commissioners will be in readiness
at a certain time within fifteen days after the expiration of
said notice, to receive bids at such place as may be named in
said advertisements, for bonds issued under the provisions
of this Act, under such regulations as may be made in the