1082 LAWS OF MARYLAND. [CH. 524

Dollars ($1, 000. 00) each, with coupons attached thereto
for the payment of the interest thereon semi-annually, on
the 1st day of January and the 1st day of July in each
and every year after the date of issue until the maturity
thereof, said bonds shall be signed by the President of the
said The Commissioners of Dorchester County, Maryland,
and countersigned by the Treasurer of Dorchester Coun-
ty, with the corporate seal of the said County affixed there-
to, the coupons thereon shall be signed by the Treasurer
of Dorchester County or a facsimile of his signature shall
be printed, engraved or written thereon, said bonds shall
bear interest from the date thereon at a rate not exceed-
ing four per cent. (4%) per annum, and shall be exempt
from all State, County, and municipal taxation.

SEC. 3. And be it further enacted, That said bonds
shall be issued bearing date as of the first day of the month
in which they are issued, shall be numbered consecutively-
beginning with number one (No. 1), and shall be payable
as follows:

Seven (7) bonds in 1938,

Seven (7) bonds in 1940,

Seven (7) bonds in 1942,

Seven (7) bonds in 1944,

Seven (7) bonds in 1946,

Seven (7) bonds in 1948,

Seven (7) bonds in 1950,

Seven (7) bonds in 1952,

Seven (7) bonds in 1954,

Seven (7) bonds in 1956,
Five (5) bonds in 1958.

SEC. 4. And be it further enacted, That the said inter-
est coupons and said bonds shall be payable at the office
of the Treasurer of Dorchester County, and whenever
such coupon or coupons, bond or bonds shall have been
paid off or redeemed it or they shall be cancelled or de-
stroyed by the Treasurer of Dorchester County and note
thereof made on the record of said bond or bonds.

SEC. 5. And be it further enacted, That the Commis-
sioners of Dorchester County, Maryland, shall advertise
the sale of said bonds in at least two newspapers published
in Dorchester County and one newspaper published in Bal-
timore City, and by such other advertisements as may to
them seem proper and advisable, inviting sealed proposals