HARRY W. NICE, GOVERNOR. 919

tion of Prince George's County is hereby authorized and
directed at the time of the issuance of said bonds to in-
crease or decrease each serial amount in order to provide
for the payment of such issue in annual instalments of one
thousand dollars or multiples thereof as nearly proportioned
to the aforegoing table as practicable.

SEC. 3. And be it further enacted, That the Board of
Education of Prince George's County shall advertise for
sealed bids for said bonds by inserting a notice in at least
two daily newspapers published in the City of Baltimore,
to be selected by it, at least once a week for two (2) suc-
cessive weeks before the opening of said bids, and the said
bonds shall be sold to the highest responsible bidder, for
cash, and the terms of bidding and the amount of deposit
required to be made shall be in the discretion of the Board
. of Education, who shall have the right to reject any and
all bids.

It, however, shall not be necessary for the Board of Edu-
cation of Prince George's County to advertise for bids for
said bonds or to sell the same to the highest responsible
bidder in case said bonds are sold to any Federal Agency,
by which term is meant the United States of America, the
President of the United States, the Federal Emergency
Administrator of Public Works, or such other agency as
may be designated or created by Act of Congress of the
United States or executive order of the President of the
United States to make grants or loans pursuant to the
National Industrial Recovery Act or any act of the Congress
of the United States of America to encourage public works.
If the Board of Education of Prince George's County shall
decide that it is advisable and for the benefit of the County
to take advantage of the plans of any such Federal Agency
which may provide assistance in the construction of public
works either by making a grant of money, loan, or some
other method of financing, then and in that event, the Board
of Education of Prince George's County is authorized to
sell said bonds upon the best terms it can make in con-
nection therewith, provided that the sale shall be for
cash, payable at the time of the delivery of the bonds or in
such deferred payments in the course of construction as
may be required by such Federal Agency, and provided
further that said bonds shall not be sold for less than par,
if so sold at private sale.

SEC. 4. And be it further enacted, That the Board of
Education of Prince George's County shall use the money