306 LAWS OF MARYLAND. [CH. 184

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That four new sections be added to Article 13 of the Code
of Public Local Laws of Maryland (1930 Edition), title "Har-
ford County", sub-title "County Commissioners", to follow
Section 234P of said Article, to be known as Sections 234Q,
234R, 234S and 234T, and to read as follows:

234Q. The said County Commissioners of Harford County
be and they are hereby authorized and empowered to borrow
at such time as they may decide upon the faith and credit of
Harford County, a sum or sums of money not to exceed Fifty
Thousand Dollars ($50, 000. 00) and at a rate of interest not
to exceed three per cent. (3%) per annum, for the purpose of
constructing a county hospital for Harford County.

234R. 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 Com-
missioners are authorized to execute and deliver the negotiable
promissory note or notes of the County Commissioners of
Harford 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 denomina-
tion 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-annual coupons attached to the said
notes and bearing the facsimile signature of the Treasurer of
Harford County. Said County Commissioners are authorized
to borrow under the provisions of this Act by selling the
negotiable promissory notes herein authorized, with coupons
attached, at a discount less than the principal amount thereof,
provided that the coupon interest, together with any such dis-
counts, 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 pay-
able thereon, shall be and remain exempt from State, county
and municipal taxation.

234S. The proceeds derived from said loan shall be placed
in a special fund by the County Treasurer, and shall be paid
out by him only on warrants from the County Commissioners
for work, labor or materials required in the construction of
the said Hospital.