242 LAWS OF MARYLAND. [CH. 143

acquisition and/or construction and/or maintenance of any
lands, structures, buildings, dams, impounding reservoirs,
stream beds, water ways, road ways, rights of way, water
rights, or water sheds and appurtenances within the District,
said County Commissioners are authorized and empowered
to borrow any amount necessary for such purposes up to but
not exceeding One Million ($1, 000, 000. 00) Dollars from any
Governmental Agency authorized to make such a loan at
reasonable interest rates and upon reasonable terms of pay-
ment, or they are hereby authorized and empowered to issue
and sell upon the faith and credit of said County bonds to
an amount not exceeding One Million ($1, 000, 000. 00) Dol-
lars; should a bond issue be decided upon then the County
Commissioners of Allegany County are hereby directed to
advertise in such newspaper, printed and published in Alle-
gany County as may be determined by the said County Com-
missioners, at least once a week for four successive weeks,
the sale of said bonds, said advertisement shall state the
time and place where bids, conditioned as may be required,
will be opened and said County Commissioners shall reserve
unto themselves the right to reject any and all bids; said
bonds shall be signed on behalf of the County Commis-
sioners of Allegany County by the President and counter-
signed by the Clerk thereof and shall bear the corporate seal
of said Allegany County; they shall bear interest payable
semi-annually and at the rate of not over five per centum
(5%) per annum for which interest coupons are to be at-
tached to said bonds; they shall be in the denomination of
One Hundred ($100. 00) Dollars or any multiple thereof and
shall mature and become payable in blocks of Fifty Thou-
sand ($50, 000. 00) Dollars each, the first Fifty Thousand
($50, 000. 00) Dollars to mature and become payable on the
first day of July, 1956, and Fifty Thousand ($50, 000. 00)
Dollars of the same shall mature and become payable on the
first day of July in each and every year thereafter to and
including the first day of July, 1975; and said bonds and
interest thereon shall be exempt from all State, County and
Municipal taxation in the State of Maryland; and upon
procuring the said loan or the sale of said bonds; the
County Commissioners of Allegany County are hereby
authorized and directed to give all the proceeds of said loan
or sale except incidental expenses incurred in the engraving
or lithographing of the same and other expenses connected
therewith, to the Upper Potomac River Commission to be
used by it in carrying out the purposes and intentions of
this Act, but the purchaser or purchasers of the said bonds
shall not in any manner be required to see to the proper