ALBERT C. RITCHIE, GOVERNOR. 223

lars each, to be signed by the President of said Corporation
and to be countersigned by the Clerk thereof, with the seal
of said Corporation affixed and to bear interest at a rate not
to exceed five per cent per annum payable annually on the
first day of January in each and every year after the date
of said bonds until maturity thereof, and the coupons or
interest on said bonds shall be received in payment of taxes
due said town and the said bonds shall be exempt from all
county and municipal taxation.

SEC. 2. And be it enacted, That said bonds shall be
issued to mature as follows, that is to say: One thousand
dollars thereof on the first day of January, nineteen hun-
dred and thirty-six, and annually thereafter the sum of
one thousand dollars every year until all of said bonds shall
have matured and been paid; but the said President and
Commissioners of Princess Anne shall have the right after
the expiration of ten from the date of the issue of said
bonds and after public notice by advertisement of its inten-
tion so to do, published in all the newspapers of said town
of Princess Anne, once a week for four successive weeks,
six months before the date fixed for such purpose, to call
in and redeem all said issue of said bonds; and it shall be
the duty of said corporation to immediately destroy said
bonds when paid or redeemed and should said President and
Commissioners or any person having charge of the bonds
or coupons suffer the same or any part thereof to be re-
issued after the payment, the said party or parties so of-
fending shall Be guilty of misdemeanor and shall be subject
to imprisonment under Article 27 of the Code of Public
General Laws of Maryland, for embezzlement, and shall be
held personally liable for an amount equal to that of the
coupon or bond so reissued and the costs of the suit.

SEC. 3. And be it enacted, That the said President and
Commissioners of Princess Anne shall levy annually upon
the assessable property of said town a special tax over and
above and in addition to the annual tax as now limited by
law, sufficient to pay the annual interest on all of said bonds
remaining outstanding and not then matured and to re-
deem the said bonds when and as the same shall respective-
ly mature as hereinbefore provided.

SEC. 4. Be it enacted. That the said bonds authorized
and directed to be issued by this Act shall be sold by the
President and Commissioners of Princess Anne, not later
than January 1st, nineteen hundred and thirty-five, at pub-