852                         LAWS OF MARYLAND.                  [CH. 330

be issued in denominations of one hundred dollars ($100) 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 President of said Board of County
Commissioners), to have the corporate seal of said Board of
County Commissioners of Montgomery 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 authorizing the issue, and shall be desig-
nated as "Montgomery County Court House Bonds of 1931. "

SEC. 2. And be it further enacted. That the said County
Commissioners of Montgomery County are authorized and em-
powered to issue the said bonds and sell the same at such time
and in such manner as the said Commissioners may determine
and as herein provided. '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
advertise once a week for two successive weeks before said
bonds, or any part thereof, shall be issued, in such newspapers
as may be determined by the said board, that the said Board
of County Commissioners will be in readiness at a certain
time to be named in 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 Commissioners,
or a majority of them, 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, or a majority
of them; and at the time mentioned in said advertisements
as the time for opening the bids for the proposals thereby