HARRY W. NICE, GOVERNOR. 1107

ery County be and it is hereby authorized and empowered
to borrow money on the faith and credit of said county and
to issue and sell coupon bonds therefor in the following
amounts:

(a) Not exceeding Nine Hundred and Eleven Thousand
Dollars ($911, 000. 00) for the purpose of refunding a
like amount of the maturing bonds, notes or other
obligations of the County Commissioners of Mont-
gomery County hereinafter enumerated in Section
5 of this Act;

(b) Not exceeding Seventy Thousand Dollars ($70, -
000. 00) for the purpose of refunding certain over-
drafts hereinafter described in Section 6 of this Act.
Said bonds shall be in such denominations and shall bear
such rate of interest not exceeding six per centum (6%)
per annum as may be determined by the County Commis-
sioners of Montgomery County. All of said bonds may be
issued at one time or they may be issued in smaller amounts
from time to time, and they shall be dated and issued not
later than June 1, 1937, as may be determined by the Coun-
ty Commissioners of Montgomery County, and the inter-
est thereon shall be payable semi-annually at intervals of
six months, accounting from the date or dates of said
bonds, in each and every year until said bonds are paid.
Said bonds when issued shall be signed by the President
of the said County Commissioners of Montgomery County
and shall be countersigned by the Clerk to said County
Commissioners of Montgomery County; the seal of said
County Commissioners of Montgomery County shall be af-
fixed to each bond and the interest coupons attached shall
bear the fac-simile signature of the President of the County
Commissioners of Montgomery County printed, lithographed
or engraved thereon, that in case any of the officers whose
signatures shall appear on the bonds and coupons author-
ized to be issued pursuant to the provisions of this Act,
shall cease to be such officers before the delivery of such
bonds, then such signatures shall nevertheless be valid and
sufficient for all purposes, the same as if said officers had
remained in office until such delivery.

SEC. 2. And be it further enacted, That the said bonds
shall be issued to mature in serial form, and prior to the
issuance and sale of any of said bonds the Board of Coun-
ty Commissioners of Montgomery County shall pass a reso-
lution which shall recite that the bonds so issued shall
mature in serial form, and said resolution shall specify the
years in which each series shall mature, the series matur-