292 LAWS OF MARYLAND. [CH. 282

bonds should be awarded to said bidder. If any of said bonds
so offered for sale are not bid for, or if insufficient prices are
bid for all or any of them, they may subsequently be disposed
of in parcels or as a whole from time to time under the direc-
tion of said County Commissioners of Allegany County at
private sale upon the best terms that can be obtained for the
same, provided, however, that none of said bonds shall be sold
at private sale at less than par and accrued interest. None of
the provisions of Chapter 630 of the Acts of the General
Assembly of Maryland, passed at its January Session in the
year 1939, shall in any way affect or have any bearing upon
the issue of bonds hereby authorized.

SEC. 5. And be It farther enacted, That upon the sale and
delivery of any of the bonds hereby authorized, the proceeds
received therefor shall be paid by the purchasers thereof to
the County Treasurer of Allegany County, who shall immedi-
ately deduct therefrom all amounts received on account of
accrued interest which shall be set aside by him for payment
in part of the first maturing interest coupons. From the
balance of said proceeds, including any premium received
for said bonds, said County Treasurer shall deduct and pay
all reasonable expenses incurred in the issue thereof, includ-
ing cost of advertising, printing, and delivering said bonds
and all counsel fees and other legal expenses incurred in con-
nection with said issue and sale. The remainder of said
proceeds, or such portion thereof as may be necessary, shall
be paid over by the County Treasurer, when and as he may be
directed so to do by the Board of County Commissioners of
Allegany County, to the owner and holder of said promis-
sory note for $37, 500. 00, dated October 30, 1942, payable to
The First National Bank of Cumberland, Maryland, in pay-
ment and interest due thereon. Any balance of said fund
remaining shall be held by said County Treasurer to be used
under the direction of the Board of County Commissioners
of Allegany County in paying the interest which may become
due on its bonded debt.

SEC. 6. And be it further enacted, That in order to provide
for the payment of the maturing principal and interest on any
bonds issued in accordance with the authorization contained
in this -Act, the County Commissioners of Allegany County
shall annually in the fiscal year during which the bonds are
issued, and in each fiscal year thereafter, cause to be levied
and collected upon all of the assessable property within the
corporate limits of Allegany County, a tax which shall be
sufficient to pay the interest on said bonds during each such
fiscal year and also to redeem all of said bonds which shall
mature during that fiscal year and said taxes shall be col-