1448 LAWS OF MARYLAND. [CH. 692

234V. The said County Commissioners are hereby author-
ized to borrow, under the provisions of this Act, from such
bank, banker or trust company, or from any other source, as
they shall from time to time select. The said County Commis-
sioners are authorized to execute and deliver the negotiable
promissory note or notes of the County Commissioners of Har-
ford County, to be signed by the president of said County
Commissioners and the Treasurer of Harford County, with the
seal of the said County affixed thereto, in such denomination or
denominations, payable at such place and at such date or dates
as the said County Commissioners shall by resolution provide.
The said notes shall bear interest at such rate or rates, not
exceeding 3% per annum, as shall be provided by resolution
of the County Commissioners, such interest to be evidenced
by semi-annually coupons attached to the said notes and bear-
ing the facsimile signature of the Treasurer of Harford Coun-
ty. Said County Commissioners are authorized to borrow un-
der the provisions of this Act by selling the negotiable promis-
sory notes herein authorized, with coupons attached, at a dis-
count less than the principal amount thereof, provided that
the coupon interest, together with any such discount, shall not
exceed 3% per annum on the principal of said loan. The
said loan and every part thereof and every note, coupon or
other evidence thereof, and the interest payable thereon, shall
be and remain exempt from State, county and municipal taxa-
tion.

234W. The said County Commissioners shall use the bene-
fits of such loans for the purpose of construction of farm to
market roads, either under the direction of the said County
Commissioners, or a County Roads Engineer if appointed, or
paid to the State Roads Commission of Maryland, upon the
presentation of proper vouchers and demand of said Commis-
sion, for the construction of roads within the boundaries of
Harford County, such roads to be designated by the said
County Commissioners.

234X. That for the purpose of paying the interest on said
loan the County Commissioners of Harford County shall for
the year said bonds are issued, and annually thereafter until
all of said loan made under the authority of this Act shall
mature and be redeemed, levy a tax upon the assessable prop-
erty in said County sufficient to pay the annual interest on
said loan outstanding, said taxes to be collected as other taxes
levied in said County are collected; and for the purpose of re-
deeming the principal of said loan, said Board shall on the
first year an installment on the principal of said loan shall
become due and annually thereafter until all of the install-
ments of said principal have been paid, levy a tax upon the