HARRY W. NICE, GOVERNOR. 351

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Board of County Commissioners of
Washington County be and they are hereby authorized and
directed to issue serial coupons bonds on the faith and
credit of said county to the amount of $135, 000, par value,
said bonds to be issued in denominations of $1, 000. 00 each
and to bear interest at a rate not exceeding three and one-
half per cent, per annum, payable semi-annually in each
year during which said bonds shall be outstanding and re-
main 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 coupons for the interest
thereon may be authenticated by the engraved, lithographed
or printed signature of the said Board of County Commis-
sioners of Washington County affixed thereto, which said
bonds so to be issued shall be exempted 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 Washing-
ton County School Bonds of 1936.

SEC. 2. And be it further enacted, That the said County
Commissioners of Washington County be and they are au-
thorized and directed to issue bonds and sell the same at
such times 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 $135, 000 shall have been issued and
sold. Said bonds shall be dated July 1, 1936, and shall be
issued in series, $5, 000. 00 thereof to mature and be paid
July 1, 1940, and $5, 000. 00 to mature and be paid on July
1 of each and every year thereafter until $35, 000. 00 of the
principal thereof shall have been paid and thereafter
$10, 000 to mature and be paid on July 1 of each and every
year until all of said bonds shall have matured and been
paid.

SEC. 3. And be it further enacted. That in order to pro-
vide for the selling of said bonds to be issued under the
provisions of this Act the said County Commissioners of
Washington County are hereby directed to advertise once
a week for four successive weeks before said bonds or any
part thereof shall be issued, in two daily newspapers pub-
lished in the City of Hagerstown and in such other news-
papers as may be determined by the said County Com-
missioners, that the said County Commissioners will be in
readiness at a certain time within fifteen days after the