294 LAWS OF MARYLAND [CH. 35

Commissioners of Wicomico County and countersigned by
the County Treasurer of Wicomico County, with the seal
of said County affixed thereto; and the coupons shall be
signed by the facsimile signature of the County Treasurer
of Wicomico County printed, engraved or lithographed
thereon. Said County Commissioners shall by resolution
determine the rate or rates of interest to be paid on the
bonds, not exceeding six per centum (6%) per annum,
which rates may vary on the bonds of different maturities,
and the maturity or maturities of the bonds, which shall
be at a time or times not exceeding twenty-five (25) years
from the date of the bonds, and shall likewise determine
the form of the bonds, the medium of payment, and the
place or places at which the principal and interest shall
be payable. In case any of the officers whose signatures
appear on the bonds and coupons shall cease to be such
officers before the delivery of such bonds, such signatures
shall nevertheless be valid and sufficient for all purposes,
as if they had remained in office until such delivery. The
bonds may be made registerable as to principal only, under
such terms and conditions as may be determined by said
bounty Commissioners.

SEC. 3. And be it further enacted, That the County
Commissioners of Wicomico County shall advertise the
sale of said bonds in at least two newspapers published in
Wicomico County, Maryland, and by such other advertise-
ment as may to them seem proper and advisable, inviting
sealed proposals for the purchase of said bonds or any part
thereof with the privilege of rejecting any or all bids, and
no bid shall be accepted at less than par and accrued in-
terest; the entire issue of bonds may be offered at one
time, or they may be offered in varying amounts at differ-
ent intervals, as may seem most advantageous to the Board
of Education of Wicomico County in constructing, com-
pleting the construction, or aiding in construction, making
additions and improvements to and equipment of the
schools, and the purchase of sites for such schools, for the
erection of which the proceeds of said bonds are to be
used; and no part of the money arising from the sale of
said bonds shall be used except for the purposes desig-
nated and provided for in this Act, except that any ac-
crued interest shall be set aside in a separate interest fund
and be devoted to the payment of the first maturing cou-
pons, and provided further, that the cost of engraving or
printing of said bonds and the cost of advertising author-
ized by this Act, and any other expenses incidental to the
issuance and sale of said bonds, may be paid out of said
funds.