HARRY W. NICE, GOVERNOR. 309
of said County for the sum or sums so borrowed under the
provisions of this Act, at any time, in such form as they
may determine, and said bonds or other evidences of in-
debtedness shall be issued for such term or terms as the
said County Commissioners may determine but in no event
to be for a longer term than ten years from the date of
issue. The said bonds or other evidences of indebtedness
shall be signed by the President of the said County Com-
missioners of said County, shall be countersigned by the
Clerk to said Commissioners, and the seal of said County
Commissioners shall be affixed to each bond or other evi-
dence of indebtedness, and the interest coupons attached
thereto shall be authenticated by the facsimile signature
of the Treasurer of said County printed, engraved or litho-
graphed thereon.
SEC. 3. And be it further enacted, That such bonds or
other evidences of indebtedness as may be issued under the
provisions of this Act shall be and remain obligations of
the County Commissioners of Talbot County, issued upon
the full faith and credit of said County, and that said bonds
or other evidences of indebtedness shall be issued and sold
in such manner and upon such terms and conditions, and
shall bear such rate of interest not exceeding four and one-
half percent as said County Commissioners of Talbot
County may determine, prior to the issue thereof, but the
aggregate principal amount of such bonds or other evi-
dences of indebtedness shall not exceed $60, 000. 00.
SEC. 4. And be it further enacted, That for the purpose
of repaying any money borrowed under the provisions of
this Act and the principal of the bonds or other evidences
of indebtedness issued in evidence thereof, and the interest
thereon, when due and payable, said County Commissioners
of Talbot County shall levy a tax upon all of the assessable
property in said County sufficient to provide funds for the
payment of all such sums when due and payable.
SEC. 5. And be it further enacted, That this Act is
hereby declared to be an emergency law and necessary for
the immediate preservation of the public health and safety,
and having been passed upon by a yea and nay vote, sup-
ported by three-fifths of all the members elected to each of
the two Houses of the General Assembly, the same shall
take effect from the date of its passage.
Approved April 8, 1936.
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