HERBERT R. O'CONOR, GOVERNOR. 1019

and credit of said County a sum not to exceed One Hundred
Seventy-five Thousand Dollars ($175, 000. 00) and to issue and
sell coupon bonds therefor in the amount thereof to evidence
such borrowing, said bonds to bear such rate of interest, not
exceeding four per centum (4%) per annum, as may be deter-
mined upon by the Board of County Commissioners of Mont-
gomery County by a resolution duly adopted. Said bonds may
be issued all at one time, or they may be issued in groups or
series; and if issued all at one time then they shall all bear
the same date of issue, which shall be the first day of such
month not later than June 1, 1941, as may be fixed by said
Board of County Commissioners, or if said bonds are issued
in Series, then each Series shall be dated as of the first day
of the month in which said Series is issued, not later than
June 1, 1941. The interest payable on said bonds shall be
payable semi-annnally, accounting from the date of issue of
said bonds, in each and every year until said bonds are sev-
erally paid. Said bonds when issued shall be signed by the
President of the Board of County Commissioners of Mont-
gomery County and the corporate seal of the County Commis-
sioners of Montgomery County shall be thereto attached, at-
tested by the Clerk of said Board of County Commissioners,
and the interest coupons attached to each of said bonds shall
bear the facsimile signature of the President of the Board of
County Commissioners of Montgomery County printed, litho-
graphed or engraved thereon.

SEC. 2. And be it further enacted, That the said bonds shall
be issued in denominations of One Thousand Dollars
($1, 000. 00) each, and if issued in several series, each such
series shall bear a different series letter, beginning with the
letter "A". Each of said bonds shall also be numbered, be-
ginning with the number one (1), and if said bonds are issued
in series, then the bonds of each series shall be numbered
separately, the numbering of the bonds of each such series
beginning with the number one (1). All of said bonds shall be
issued to mature in annual serial instalments over such period
of years, not exceeding thirty (30), as the Board of County
Commissioners of Montgomery County shall by resolution or
resolutions determine, and if said bonds are issued in series,
the said Board of County Commissioners may provide for the
maturity of the bonds of one or more of said several series
in the same year or years, or it may provide that the bonds
of each such series shall mature in different years not exceed-
ing the maximum above prescribed. Prior to the issuance and
sale of all of said bonds or of any series thereof, the said
Board of County Commissioners shall, in the resolution au-
thorizing the issuance of said bonds or any series thereof,