938 LAWS OF MARYLAND. [CH. 482

the majority of the second referendum vote shall be in favor
of the bond issue, then said bonds shall be issued as of Jan-
uary 1, 1929; and said bonds shall bear interest, from the
date thereof, at such rate as the County Commissioners of
Worcester County may determine, not exceeding five per
centum per annum, and shall forever be exempt from taxation
for State, County and municipal and other local purposes and
shall have printed on them a distinct reference to the Act
directing their issue, and shall be known as "Public School
Bonds of Worcester County. "

SEC. 3. And be it further enacted as aforesaid, That said
bonds shall be numbered consecutively from one to three hun-
dred, inclusive, and shall be redeemable and payable in the
order of their numbers,

SEC. 4. And be it further enacted as aforesaid. That if the
majority of the first referendum vote hereinafter provided for
shall be in favor of this bond issue, then said bonds shall be
redeemable and payable as follows:

July 1, 1928............	$5, 000
July 1, 1929............	5, 000
July 1, 1930............	5, 000
July 1, 1931............	6, 000
July 1, 1932............	6, 000
July 1, 1933............	6, 000
July 1, 1934............	7, 000
July 1, 1935............	7, 000
July 1, 1936............	7, 000
July 1, 1937............	8, 000
July 1, 1938............	8, 000
July 1, 1939............	8, 000
July 1, 1940............	9, 000
July 1, 1941............	9, 000
July 1, 1942............	10, 000
July 1, 1943............	10, 000
July 1, 1944............	11, 000
July 1, 1945............	11, 000
July 1, 1946............	12, 000
July 1, 1947............	12, 000
July 1, 1948............	13, 000
July 1, 1949............	14, 000
July 1, 1950............	14, 000
July 1, 1951............	15, 000