HERBERT R. O'CONOR, GOVERNOR. 221

SECTION 1. Be it enacted 'by the General Assembly of Mary-
land, That the Board of County Commissioners of Mont-
gomery County be, and it is hereby, authorized and empowered
in its discretion to issue serial coupon bonds on the faith and
credit of said County to the amount of One Hundred and
Fifty Thousand Dollars ($150, 000. 00), par value, said bonds
to be issued in denominations of One Hundred Dollars
($100. 00) or any multiple 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 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 President of said
Board of County Commissioners), and shall have the cor-
porate seal of said Board of County Commissioners of Mont-
gomery 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-George Washington Memorial Park Bonds
of 1939. "

SEC. 2. And lie 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 One Hundred and Fifty
Thousand Dollars ($150, 000. 00) shall have been issued and
sold. The said bonds shall be issued in series maturing as
said County Commissioners shall determine, but none of said
bonds shall be issued for a longer period than sixty (60)
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 and payment for said bonds shall be adjusted with the pur-