812                         LAWS OF MARYLAND.                  [CH. 315

Retiring Bonds of 1931"; the proceeds thereof to be used
for paying all of the outstanding scrip in the form of interest
bearing notes of indebtedness of Wicomico County which
were issued against the levies for the years 1921, 1923,
1924, 1926 and 1927; to provide for the payment of the
interest on said bonds and of the principal thereof by the
levying of taxes; and declaring this Act an emergency law.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That for the purpose of paying all of the outstand-
ing scrip in the form of interest bearing notes of indebtedness
of Wicomico County, which were issued against the levies for
the years 1921, 1923, 1924, 1926 and 1927, which were made
valid and binding by Chapter 206 of the Acts of 1929, the
County Commissioners of Wicomico County are hereby author-
ized, empowered and directed to borrow on the faith and credit
of Wicomico County the sum of ninety thousand dollars ($90, -
000. 00) and to issue bonds therefor as hereinafter directed.

SEC. 2. And be it further enacted. That the said bonds
shall be issued in denominations of one thousand dollars ($1, -
000. 00) with coupons attached thereto and the payment of
interest thereon semi-annually; on the first day of July and
January in each and every year thereafter until the maturity
thereof; said bonds shall be signed by the president of the
County Commissioners of Wicomico County and countersigned
by the Treasurer of Wicomico County, with the seal of the
said county affixed thereto; the coupon thereon shall be signed
by the County Treasurer of Wicomico County or a fac-simile
of his signature shall be printed, engraved or written thereon;
said bonds shall bear interest from the date thereof at a rate
not exceeding five per centum per annum and shall be exempt
from all State, county and municipal taxation.

SEC. 3. And be it further enacted, That the said bonds
shall be issued bearing date as of the first day of the month
in which they are issued, and said bonds shall be numbered
consecutively, beginning with number one (1), and shall be
payable as follows:

Fifteen (15) bonds, 1932.

Fifteen (15) bonds, 1933.

Twenty (20) bonds, 1934.

Thirty (30) bonds, 1935.

Ten (10) bonds, 1936.