ALBERT C. RITCHIE, GOVERNOR.                  441

WHEREAS, It is deemed advisable and necessary that the
certificates of indebtedness issued as aforesaid be permanently
funded and such moneys as have been expended from the
county treasury for the purpose of paying such certificates of
indebtedness as have matured be refunded to the general funds
of the county by the issuance of bonds upon the faith and credit
of Montgomery County; now, therefore,

SECTION 1. Be it enacted by the General Assembly of
Maryland^ That the Board of County Commissioners of Mont-
gomery County be and it is hereby authorized and empowered
to issue serial coupon bonds on the faith and credit of said
county to the amount of two hundred thousand ($200, 000. 00)
dollars, par value, said bonds to be issued in denominations of
one hundred ($100. 00) dollars or any multiple thereof, to bear
interest at a rate not exceeding five per centum (5%) per
annum, 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 presi-
dent of said Board of County Commissioners), to have the
corporate seal of said Board of County Commissioners of Mont-
gomery 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 au-
thorizing the issue, and shall be designated as "Montgomery
County Court House Site Bonds of 1931. "

SEC. 2. And be it further enacted, That the said County
Commissioners of Montgomery County are authorized and
empowered to issue the said bonds and sell the same at such
time and in such amounts as they deem necessary until the
whole amount of two hundred thousand ($200, 000, 000) dol-
lars shall have been issued and sold. The said bonds shall be
issued in series maturing as said County Commissioners shall
determine, but none of said bonds shall be issued for a longer-
period than forty years from the date of issue.

SEC. 3. And be it further enacted. That in order to provide
for the selling of said bonds to be issued under the provisions
of this Act, the said Board of County Commissioners of Mont-
gomery County, or a majority of them, are hereby directed to