HERBERT R. O'CONOR, GOVERNOR. 755

000. 00), and to issue and sell coupon bonds therefor, not in
excess of said principal sum.

That such bonds shall be designated and known as Memorial
Hospital Bonds (Nurses Home Series) and when issued shall
be signed by the President of the County Commissioners of
Allegany County, duly attested by the Clerk of the County
Commissioners, and the corporate seal of the County Commis-
sioners shall be attached thereto. The interest coupons at-
tached to each of said bonds shall bear the fac-simile signature
of the President of the County Commissioners of Allegany
County, printed, lithographed or engraved thereon.

That the Board of County Commissioners of Allegany County
before the issuance of said bonds shall by formal resolution
prescribe the form and tenor of such bonds; the date of issue;
the date or dates of maturity; and the time and place at which
interest is to be paid. All of said bonds shall be free of all
Maryland State, County and Municipal Taxes, and shall not
bear interest in excess of three per cent per annum, but the rate
of interest of said bonds may be determined by competitive
bidding, should the County Commissioners, by its order, so
provide. They shall be in coupon form in denominations of
One Hundred Dollars ($100. 00), or any multiple thereof, and
may be issued upon the serial maturity plan as the County
Commissioners of Allegany County may by its order in respect
thereto determine.

That all of the bonds authorized by this Act shall, when
issued, be sold in the manner prescribed by Section 35 of
Article 31 of the Annotated Code of Maryland (1939 Edition),
and any amendments thereto, and. any of the proceeds of said
bonds remaining after the acquisition of said sum of One Hun-
dred and Fifty Thousand Dollars ($150, 000. 00), shall be ap-
plicable to all expenses in connection with said bond issue and
otherwise be for the use of the County Commissioners of Alle-
gany County.

SEC. 3. And be it further enacted, That until all of the
Bonds issued under this Act have matured and been paid, the
County Commissioners of Allegany County shall annually levy
a tax upon the assessable property of Allegany County suffi-
cient to pay the interest on the bonds outstanding and the
principal of the bonds maturing during the succeeding year.

SEC. 4. And be it further enacted, That this Act shall take
effect June 1, 1945.

Approved April 23, 1945