ALBERT C. RITCHIE, GOVERNOR.                    33

the sum of one thousand dollars, and to be signed in the name
of said corporation by the president thereof, and the seal of
said corporation is to be affixed to each bond by said commis-
sioners; but the coupons for interest may be authenticated
by the engraved, lithographed or printed signature of the treas-
urer of said corporation. Said bonds shall bear interest at
the rate of five per centum per annum, payable semi-annually
in each and every year, and dated on the first day of their
issue. Said bonds shall be numbered consecutively and shall
be due and payable in such quantities and amounts as may be
determined by the said Town Commissioners of Centreville,
a municipal corporation, by an ordinance duly passed by said
municipal corporation; all of said bonds, however, to become
due and payable within fifteen years of the date of their issue.
Said bonds shall have printed on them a distinct reference to
this Act as directing their issue. Said bonds shall be exempt
from all state, municipal and county taxes.

SEC. 2. And be it further enacted. That in negotiating the
sale of the said bonds provided for in this Act, the said Town
Commissioners of Centreville shall first give not less than three
weeks7 notice by advertisement in two newspapers printed and
published in Queen Anne's County, also by advertisement in
one or more newspapers printed and published in Baltimore
City, said advertisement to contain a copy of the ordinance
passed by said municipal corporation, showing the; exact
amount of bonds to be issued and the date of maturity of each
bond, inviting proposals in writing for the purchase of said
bonds, and on a certain day to be named in said advertisement,,
said Town Commissioners of Centreville shall in their office
in the town of Centreville, Queen Anne's County, Maryland,,
open all bids received, and the said bonds shall be disposed of
to the highest bidder for cash, but the Town Commissioners
of Centreville shall have the power and right to refuse and
reject any and all bids, and to re-offer the same bonds or any
part thereof as above provided or otherwise, in their discretion,
provided, however, if said bonds are sold at private sale, that
they shall not be sold for less than the par value with accrued
interest.

SEC. 3. And be it further enacted^ That for the purpose of
redeeming said bonds at maturity and for the securing of the