ALBERT C. RITCHIE, GOVERNOR.                    41

what reason it is desired to give said note or other obligation
secured by a confessed judgment in lieu of the present and
immediate payment of the county taxes of said person, firm
or corporation, and shall set out any and all liens by mortgage,
bonds, judgment, or otherwise which stand against the property
upon which the assessment for county taxes is made, together
with a waiver of any and all rights of lien against said prop-
erty, so that said note or other obligation and confessed judg-
ment may retain a right of priority against any such liens, and
thereupon the said County Commissioners of Allegany County
shall refer said statement to its attorney for the purpose of
verifying the matters therein contained and upon the written
verification by said attorney of the matters contained in said
statement, the County Commissioners of Allegany County, in
lieu of the present and immediate payment of said taxes, inter-
est and penalty, may accept a note or other obligation secured
by confessed judgment as hereinafter provided.

Said note shall provide for the payment of said amount of
money at such time as said County Commissioners may elect,
but in no event to be for a term of more than four years, and
said confessed judgment shall contain a stay of execution for a
like term as said note, and shall provide for the payment semi-
annually of interest at the rate of six per cent, per annum and
conditioned upon the failure to pay said interest, when and
as the same may become due, that said stay of execution shall
cease and determine and execution and collection thereon im-
mediately obtained. Said note and confessed judgment shall
also contain a certificate of waiver from any and all liens as
aforesaid then standing against the property of said applicant,
with a provision that said confessed judgment shall take pre-
cedence over any and all liens so that the same shall retain
the same right of priority as said county taxes then has.

Before the acceptance by said County Commissioners of
said note or other obligation and confessed judgment, said
applicant shall pay to said County Commissioners a sum equal
to the amount of commissions payable to the Tax Collector of "
the District in which the property of the applicant is located
and such other costs as may be incurred by said County Com-
missioners in investigating the statements contained in the
application and recording any and all paper writing in con-
nection with the same, and said commissions shall be paid to
the Tax Collector of such District in the same manner as other
commissions for the collection of county taxes are paid, and