ALBERT C. RITCHIE, GOVERNOR. 185

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the County Commissioners of Allegany
County be, and they are hereby authorized and directed to
issue from time to time serial coupon bonds on the faith
and credit of said County to the amount of Five Hundred
and Twenty-five Thousand ($525, 000. 00) Dollars par value
in the denominations of One Hundred ($100. 00) Dollars,
or any multiple thereof, as may seem advisable to the
County Commissioners of Allegany County, to bear inter-
est from date payable semi-annually in each year during
which said bonds shall be outstanding and remain unpaid
at a rate not to exceed Five Per Cent (5%) per annum to
be determined by said County Commissioners of Allegany
County; said bonds when issued to be signed by the Presi-
dent of the County Commissioners of Allegany County; and
countersigned by the Clerk thereof, (provided that the cou-
pon for the interest thereof may be authenticated by the
engraved, lithographed or printed signature of the Presi-
dent of said County Commissioners of Allegany County);
to have the corporate seal of said County Commissioners
of Allegany County affixed thereto, and to have written or
printed on them a distinct reference to the Act directing
the issue of the same and to be designated as "ALLEGANY
COUNTY SCHOOL BONDS, ISSUE OF 1933, " and, the
said bonds when issued and all interest thereon, shall be
exempt from State, County and Municipal taxation in
Maryland; and said bonds may be made subject to registra-
tion upon such terms and conditions as said County Com-
missioners of Allegany County may by resolution deem
proper.

SECTION 2. And be it further enacted, That the said
County Commissioners of Allegany County are hereby au-
thorized and directed to issue the said bonds and sell the
same at such time or times and in such amounts as the
Board of Education of Allegany County may request. The
said bonds shall all be dated on such date as the said Coun-
ty Commissioners of Allegany County shall determine, and
shall be so issued that a series of said bonds to the amount
of Twenty-One Thousand ($21, 000. 00) Dollars shall ma-
ture and become payable six (6) years from the date there-
of, and alike series to the amount of Twenty-one
Thousand ($21, 000. 00) Dollars shall mature and be-
come payable seven years from the date thereof,
and so on until the whole amount thereof shall have
been redeemed, so that the last series of said bonds shall
fall due and become payable at the end of thirty (30) years