130                         LAWS OF MARYLAND.                   [CH. 78

multiple thereof, to be signed by the President of the Board of
County Commissioners of said county and countersigned by
the Clerk of said Board (provided that the coupons for the
interest thereon may be authenticated by the engraved, litho-
graphed or printed signature of the President of said Board),
to bear interest at a rate not exceeding five (5%) per centum
per annum, payable semi-annually in each and every year
during which said bonds shall be outstanding and remain
unpaid, and to be exempt from State, county and municipal
taxation. The said bonds shall have written on them a distinct
reference to the Act authorizing the issue and shall be desig-
nated as "Montgomery County Police Station Funding Bonds
of 1931. "

SEC. 2. And be it further enacted, That the said County
Commissioners for Montgomery County are authorized and
directed to issue the said bonds and sell the same at such times
and in such amounts as they may deem necessary. The said
bonds shall be issued in series maturing as said County Com-
missioners shall determine but none of said bonds shall be
issued for a longer period than twenty years from the date
thereof.

SEC. 3. And be it further enacted, That in order to pro-
vide for the selling of said bonds to be issued under the pro-
visions of this Act, the said Board of County Commissioners
of Montgomery County, is hereby directed to advertise once a
week for four successive weeks, before said bonds or any part
thereof shall be issued, in such newspapers, at such times and
in such manner as may be determined by the said Board, that
the said Board of County Commissioners will be in readiness
at a certain time within fifteen days after the expiration of
said notice, to receive bids at such place as may be named in
said advertisements, for bonds issued under the provisions of
this Act, under such regulations as may be made by the Board
of County Commissioners; and the accrued interest between
the date of the bonds and the time of sale and delivery of and
payment for said bonds shall be adjusted with the purchaser or
purchasers thereof under such regulations as may be deter-
mined by the said Board; and at the time mentioned in said
advertisements as the time for opening the bids for the pro-
posals thereby called for, the said Board shall receive such
sealed proposals for the purchase of as many of such bonds as
may be mentioned or designated in said advertisements; and