HERBERT R. O'CONOR, GOVERNOR. 1045

name the interest rate to be payable on said bonds. Said
notice shall reserve to the Board of County Commissioners of
Calvert County the right to reject any and all bids submitted
and if all of such bids are so rejected, then said Board of
County Commissioners of Calvert County, in its discretion,
shall have the right and power to dispose of said bonds at
private sale at not less than the par value thereof. The ad-
vertisement of said notice calling for bids for said bonds shall
be inserted in the newspapers above described at least once in
each of two successive weeks and the date fixed by the Board
of County Commissioners of Calvert County for the sale of
said bonds shall be not sooner than two full weeks after the
date of the first publication of said advertisement. The Board
of County Commissioners of Calvert County is further author-
ized and empowered to solicit bids for said bonds by such other
means of communication as may seem desirable to it.

SEC. 3. And be it further enacted, That the proceeds of the
sale of said bonds shall first be paid to the Treasurer of Cal-
vert County who shall deduct therefrom all sums paid on ac-
count of accrued interest, which said sums shall be set apart
by him for the first maturing interest coupons on said bonds.
Said Treasurer shall also deduct from the proceeds of the sale
of said bonds received by him a sum sufficient to cover the cost
and expense incident to the issuance of said bonds, including
advertising cost, cost of engraving and printing, legal fees and
other incidental expenses, and the remainder of the proceeds
of the sale of said bonds, after making the deductions herein-
above specified, including in such remainder any premium re-
ceived for said bonds, shall be paid by said Treasurer of Cal-
vert County to the Board of Education of Calvert County, to
be used by said Board for the purposes and in the manner
hereinabove designated.

SEC. 4. And he it further enacted, That anything in this
Act to the contrary notwithstanding, the County Commission-
ers of Calvert County shall, under no circumstances, issue and
sell the bonds herein authorized unless and until it shall re-
ceive or there shall be allocated to it from other sources, in-
cluding any agency of the United States of America, funds,
which together with the proceeds of the sale of the bonds here-
in authorized, will be sufficient to provide for the construction
and equipment of a public high school building costing not
less than ninety-five thousand dollars ($95, 000. 00).

SEC. 5. And be it further enacted, That the County Com-
missioners of Calvert County shall cause to be levied and col-
lected from all the assessable property subject to taxation in