1274                        LAWS OF MARYLAND.                  [CH. 510

per annum as fixed by said County Commissioners payable
semi-annually, in each year during which said bonds shall be
outstanding and remain unpaid; to be signed by the President
of the Board of County Commissioners of said county, and
countersigned by the clerk thereof (provided that the coupons
for the interest thereon may be authenticated by the engraved,
lithographed or printed signature of the President of said
Board of County Commissioners), to have the corporate seal
of said Board of County Commissioners of Cecil County
affixed thereto, and to be exempt from all State, county and
municipal taxes. The said bonds shall have written or printed
on them a distinct reference to the Act authorizing the issue,
and shall be designated as "Public Road Bonds of Cecil Coun-
ty, 1931. " And said bonds when issued and all interest there-
on shall be exempt from State, county and municipal taxation.

SEC. 2. And be it further enacted, That the said County
Commissioners of Cecil County are hereby authorized and
directed to issue the said bonds and sell the same at such
time or times and in such amounts as shall be necessary to
meet payments incurred by the State Roads Commission of
Maryland in connection with the construction and improve-
ment of roads and bridges in Cecil County.

The said bonds shall all be dated on such date as the said
County Commissioners shall determine, and shall be issued in
series according to their maturity, each series to be designated
by a different letter; beginning with the letter "A" and the
bonds of each series to be numbered consecutively beginning
with the number "1. " Bonds shall be issued so as to mature
as follows:

$125, 000 par value to mature one year after date
125, 000 par value to mature two years after date
125, 000 par value to mature three years after date
125, 000 par value to mature four years after date
125, 000 par value to mature five years after date
125, 000 par value to mature six years after date
125, 000 par value to mature seven years after date
125, 000 par value to mature eight years after date.

SEC. 3. And be it further enacted, That in order to provide
for the selling of said bonds to be issued under the provisions
of this Act, the said Board of County Commissioners of Cecil
County, or a majority of them, are hereby directed to advertise