1040 LAWS OF MARYLAND. [CH. 493

($500. 00) bonds shall mature within one (1) year from the
date of the issuance thereof, and two of said Five Hundred
Dollar ($500. 00) bonds shall mature each year thereafter until
all twenty-two (22) of said bonds have been paid. Said bonds
shall forever be exempt from State, County and municipal
taxes, shall be signed by the President of the Board of County
Commissioners of Montgomery County, a body corporate, and
attested by its clerk who shall affix its corporate seal thereto,
and shall be designed as "1939 Gaithersburg District Fire
bonds". The net proceeds from the sale of said bonds after
deducting all necessary and reasonable expenses of said bond
issue shall be paid to the treasurer of the Gaithersburg-Wash-
ington Grove Fire Department, Inc.

SEC. 2. And be it further enacted, That the Treasurer of the
Gaithersburg-Washington Grove Fire Department, Inc., before
receiving the proceeds of the sale of said bonds, shall furnish
a bond with surety, to be approved by one of the Judges of the
Circuit Court for Montgomery County, providing for the faith-
ful performance of the duties imposed upon him by this Act
and after receiving the net proceeds from the sale of said bonds
from the County Commissioners of said Montgomery County,
or from the Treasurer thereof, the said Treasurer of the Gaith-
ersburg-Washington Grove Fire Department, Inc., shall pay
off all of the debts and obligations due from and owing by the
said Gaithersburg-Washington Grove Fire Department, Inc.,
as of June 1st, 1939, after first paying from the proceeds of the
sale of said bonds all reasonable expenses and counsel fees
which said department may have been put to or which it may
have incurred in connection with the issuance of these bonds
and any moneys remaining after the payment of said expenses
and debts and obligations as aforesaid shall be paid into the
general funds of said Gaithersburg-Washington Grove Fire
Department, Inc., to be used for the maintenance, upkeep and
operation of said fire department.

SEC. 3. And be it further enacted, That the County Com-
missioners of said Montgomery County and/or the Treasurer
of said Montgomery County shall pay out of and deduct from
the money raised by the levy provided by Chapter 55 of the
Acts of the Special Session of the year 1933, or of any amend-
ments thereof, sufficient amounts each year to pay off and
discharge the principal amount of two (2) of said bonds each
year, in the total sum of One Thousand Dollars ($1, 000. 00),
as hereinabove provided and to pay out of and deduct from
said funds the further sum or sums necessary to pay the inter-
est becoming due and accruing on all of said bonds, the
remainder of the funds created by said levy to be unaffected