ALBERT C. RITCHIE, GOVERNOR. 1305

Hundred and Thirty-six Thousand Dollars ($336, 000. 00),
and to issue and sell bonds therefor, the proceeds thereof to
be used by the Board of Education of Montgomery County
in acquiring school sites and the erection, equipment, en-
largement, repair or remodeling of school buildings; and to
provide for the payment of interest on said bonds, and of
the principal thereof, by the levy of taxes; and providing
that said Act be passed as an emergency measure.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Board of County Commissioners of Mont-
gomery County be and they are hereby authorized, empowered
and directed to issue serial coupon bonds on the faith and
credit of said county, to the amount of Three Hundred Thirty-
six Thousand Dollars ($336, 000. 00) par value, said bonds
to be issued in denominations of one hundred dollars
($100. 00) or any multiple thereof, to bear interest at a rate
not exceeding 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
countersigned by the Clerk thereof (provided that the cou-
pons for the interest thereon may be authenticated by the en-
graved, 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
School Bonds of 1929. "

SEC. 2. And be it further enacted, That the said County
Commissioners of Montgomery County are authorized and
directed to issue the said bonds and sell the same at such time
and in such amounts as they may be called upon so to do by
the Board of Education of said county until the whole amount
of Three Hundred Thirty-six Thousand Dollars ($336, -
000. 00) shall have been issued and sold. The said bonds
stall be issued in series maturing as said County Commis-
sioners 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-