218 LAWS OF MARYLAND. [CH. 135

One Hundred Dollars ($100.00) or any multiple thereof, to
bear interest at a rate not exceeding five (5) per cent per an-
num, 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 Commissioners of said
County and counter-signed by the Clerk thereof (provided that
the coupons for the interest thereon may be authenticated by
the engraved, lithographed, or printed signature of the Presi-
dent of said Board of County Commissioners), and shall have
the corporate seal of said Board of 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 designated as "Mont-
gomery County Poolesville White's Ferry Road 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
desirable, until the whole amount of Forty Thousand Dollars
($40,000.00) shall have been issued and sold. The said bonds
shall be issued in series maturing as said County Commis-
sioners 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 no-
tice to receive bids, at such place as may be named in said ad-
vertisements, 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 and payment for said bonds shall be adjusted with the pur-
chaser or purchasers thereof under such regulations as may
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 Com-