1182 LAWS OF MARYLAND. [CH. 569

of said Board of County Commissioners and count-
ersigned by the clerk thereof, and under the cor-
porate seal of the said Board of County Commissioners, to
be designated as "Kent County Public School Bonds, " bear-
ing interest at a rate to be fixed by the County Commis-
sioners of Kent County, Maryland, not exceeding five per
centum per annum, payable semi-annually on the first day
of October and on the first day of April of each year, which
bonds shall be exempt from all State, county and municipal
taxation in Kent County, Maryland, and the due or over-
due coupons for interest shall be received by the treasurer
of said county in payment of county taxes. Said bonds shall
bear date as of April 1, 1937, and be payable in sums of ten
thousand dollars in each of the years beginning with April
1, 1938, and each year thereafter until fully paid; said
bonds to be numbered consecutively and to be redeemed in
the order in which they are numbered.

SEC. 2. And be it further enacted, That the County
Commissioners of Kent County, Maryland, are hereby au-
thorized and directed to advertise at least once a week for
three successive weeks in three newspapers published in
Kent County, Maryland, and once a week for three succes-
sive weeks in a newspaper published in Baltimore City for
sealed proposals for the negotiation of said bonds, and on
a certain day to be named in said advertisements, said
County Commissioners shall, in their office in the Court
House, in Chestertown, open all bids received and award the
said bonds to the highest bidder, provided no bid less than
par shall be accepted; reserving, however, unto themselves
the right to reject any and all bids and to readvertise as
herein prescribed for other bids.

SEC. 3. And be it further enacted, That the County
Commissioners of Kent County, Maryland, shall in each
and every year levy upon the assessable property in Kent
County, Maryland, such sums of money as may be neces-
sary to pay the interest on said bonds as said interest shall
become due, and also to levy such sums in addition as may
be required to pay or redeem said bonds as the same mature
from time to time until all said bonds shall have been paid.

SEC. 4. And be it further enacted. That the proceeds of
the sale of twenty thousand dollars' worth (par value) of
said bonds shall be paid over to the Commissioner herein-
after to be named, and to be known as the Galena Public
High School Commission, to be used and applied by said