1284                        LAWS OF MARYLAND.                  [CH. 512

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Board of County Commissioners of Dor-
chester County be and they are hereby authorized and directed
to issue from time to time serial coupon bonds on the faith and
credit of said county, to the amount of one million dollars
($1, 000, 000) par value, said bonds to be issued in denomina-
tions of one hundred dollars ($100) or any multiple thereof,
to bear interest at the rate not exceeding five per centum (5 % )
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 Dorchester 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 Dorchester
County. " And said bonds when issued and all interest thereon
shall be exempt from State, county and municipal taxation.

SEC. 2. And be it further enacted, That the said County
Commissioners of Dorchester 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 Dorchester 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 desig-
nated by a different letter, beginning with the letter "A" and
the bonds of each series to be numbered consecutively begin-
ning with the number "1. " Bonds shall be issued so as to
mature as follows:

$100, 000 shall become due and payable each and every
year after the issuing of said bonds for the term of ten years
until all said bond indebtedness is paid.

SEC. 3. And be it further enacted, That in order to provide
for the selling of said bonds to be issued under the provisions