280                         LAWS OF MARYLAND.                 [CH. 135

empted from all State, county and municipal taxes. The said
bonds shall have written or printed on them a distinct refer-
ence to the Act authorizing the issue and shall be designated
as Washington County Sharpsburg School Bonds of 1932.

SEC. 2. And be it further enacted, That the said County
Commissioners of Washington County are authorized and di-
rected to issue said bonds and sell the same at such times and
in such amounts as they may be called upon so to do by the
Board of Education of said county until the whole amount of
$45, 000. 00 shall have been issued and sold. Said bonds shall
be dated June 1, 1932, and shall be issued in series, $3, 000. 00
thereof to mature and be paid June 1, 1937, and $3, 000. 00
to mature and be paid on June 1 of each and every year there-
after until all of said bonds shall have matured and been paid.

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 County Commissioners of Wash-
ington County are hereby directed to advertise once a week
for four successive weeks before said bonds or any part thereof
shall be issued, in two daily newspapers published in the City
of Hagerstown and in such other newspapers as may be deter-
mined by the said County Commissioners, that the said 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 in the discretion of said County Commission-
ers, 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 made in the discretion of
said County Commissioners, and at the time mentioned in said
advertisements as the time for opening the bids for the pro-
posals thereby called for, the said County Commissioners shall
i^eceive such sealed proposals for the purchase of as many of
such bonds as may be mentioned or designated in said adver-
tisements; and on the opening of such sealed proposals, as
many of said bonds as have been so bid for shall be awarded by
the said County Commissioners to the highest responsible bid-
der or bidders therefor for cash, if the prices bid are adequate
in the judgment of said County Commissioners; and when two
or more bidders have made the same bid and such bid is the