ALBERT C. RITCHIE, GOVERNOR.                  971

be issued in denominations of $1, 000. 00 each and to bear in-
terest at a rate not exceeding four and one-half per cent, 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 said
Board of County Commissioners of Washington County af-
fixed thereto, which said bonds so to be issued shall be ex-
empted from all State, county and municipal taxes. The said
bonds shall have written or printed on them a distinct refer-
ence to the Act authorizing the issue and shall be designated
as Washington County Sandy Hook School Bonds.

SEC. 2. And be it further enacted. That the said County
Commissioners of Washington County are authorized, in their
discretion, to issue said bonds and sell the same at such times
and in such amounts as they may be called upon so to do by
the Board of Education of said county until the whole amount
of $10, 000. 00 shall have been issued and sold. Said bonds
shall be dated at such time as said Board of County Commis-
sioners shall determine, and shall be issued in series, $1, 000. 00
thereof to mature and be paid five years after date of issue and
$1, 000. 00 to mature and be paid each and every year there-
after until all of said bonds shall have matured and been paid.

SEC. 3. And be it further enacted. That in order to pro-
vide for the selling of said bonds to be issued under the pro-
visions of this Act the said County Commissioners of Wash-
ington County are hereby directed to advertise once a week
for four successive weeks before said bonds or any part thereof
shall be issued, in two daily newspapers published in the City
of Hagerstown and in such other newspapers as may be deter-
mined by the said County Commissioners, that the said County
Commissioners will be in readiness at a certain time within
fifteen days after the expiration of said notice, to receive bids
at such place as may be named in said advertisements for bonds
under the provisions of this Act, under such regulations as
may be made in the discretion of said County Commissioners,
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 Coun-