HERBERT R. O'CONOR, GOVERNOR. 211

thereof, to bear interest at a rate not exceeding five (5) 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 Com-
missioners 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 President of said Board of County Commis-
sioners), and shall have the corporate seal of said County
Commissioners of Montgomery County affixed thereto, and to
be exempt from all State, county, and municipal taxes. The
said bonds shall have written or printed on them a distinct
reference to the Act authorizing the issue, and shall be desig-
nated as "Montgomery County Kensington Parkway Bonds
of 1939. "

SEC. 2. And be it further enacted, That the said Board of
County Commissioners of Montgomery County is authorized
and empowered in its discretion to issue the said bonds and sell
the same, at such time and in such amounts as it may deem de-
sirable, until the whole amount of Seventy-five Thousand Dol-
lars ($75, 000. 00) shall have been issued and sold. The said
bonds shall be issued in series maturing as said County Com-
missioners shall determine, but none of said bonds shall be
issued for a longer period than twenty (20) years from the date
of issue.

SEC. 3. And be it further enacted, That in order to provide
for the selling of said bonds if issued under the provisions
of this Act, the said Board of County Commissioners of Mont-
gomery County is hereby directed to advertise once a week
for two successive weeks before the bonds or any part thereof
shall be issued, in such newspapers as may be determined by
the said Board, that the said Board of County Commissioners
will be in readiness at a certain time to be named in said
notice, to receive bids at such place as may be named in said
advertisements, for bonds issued under the provisions of this
Act, under such regulations as may be made in the discretion
of said County Commissioners; and the accrued interest be-
tween the date of the bonds and the time of sale and delivery
of any 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 County Commissioners, and
at the time for opening the bids for the proposals thereby
called for, the said County Commissioners shall receive such
sealed proposals for the purchase of as many of such bonds
as may be mentioned or designated in said advertisement;
and on the opening of such sealed proposals, as many of said
bonds as have been so bid for shall be awarded by said County