1106 LAWS OF MARYLAND. [CH. 429

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the Board of County Commissioners of Kent County
be and they are hereby authorized and empowered to issue
serial coupon bonds on the faith and credit of said County to
the amount of One Hundred Thousand Dollars ($100, 000) par
value, said bonds to be issued in denominations of One Hundred
Dollars ($100) or any multiple thereof, to bear interest at the
rate not exceeding five per centum (5%) per annum, payable
semi-annually, in each year during which said bonds shall be
outstanding and remain unpaid, to be signed by the President
of the Board of County Commisioners of said County, and
countersigned by the Clerk thereof (provided that the coupons
for the interest thereon may be authenticated by the engraved,
lithographed or printed signature of the President of the said
Board of County Commissioners), to have the corporate seal of
said Board of County Commissioners of Kent 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 "Public Slag or Stone Road Bonds of Kent
County, 1929. "

SEC. 2. And be it further enacted, That the said County Com-
missioners of Kent County are hereby authorized and empowered
to issue the said bonds and sell the same at such time and in
such amounts as they may deem advisable to meet payments
incurred by the said Board of County Commissioners of Mary-
land in connection with the construction and improvement of
roads in Kent County. 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
twenty years from the date of issue.

SEC. 3. And be it further enacted, That in order to provide
for the selling of said bonds to foe issued under the provision's
of this Act, the said Board of County Commissioners of Kent
County, or a majority of them, are hereby directed to advertise
once a week for three successive weeks before the bonds or any
part thereof shall be issued in such newspapers as may be de-
termined 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 discretion of said County Commissioners,
or a majority of them, and the accrued interest between the
date of the bonds and the time of sale and delivery of, and pay-
ment for, said bonds shall be adjusted with the purchaser or