WM. PRESTON LANE, JR., GOVERNOR. 1185

County, and providing for the levying of taxes neces-
sary for the payment of such bonds.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That (a) the County Commissioners of Dorchester County
be and they are hereby authorized and empowered to bor-
row from time to time, in their discretion, upon the faith
and credit of Dorchester County a sum or sums not to
exceed the total of One Hundred Thousand Dollars
($100, 000. 00) for the purposes of this Act and to issue
coupon bonds therefor, to be known as "Dorchester County
1949 Bridge Bonds".

(b) The County Commissioners of Dorchester County
shall by resolution prescribe the form and tenor of such
bonds; the rate of interest, not exceeding four per centum
(4%) per annum, to be paid thereon; the dates of issue;
the amounts of issue; and the time and place at which
interest is to be paid. Such bonds shall be in coupon form,
shall be in denominations of $100. 00 or any multiple
thereof, and may be made registerable as to principal.
Such bonds shall be issued upon the serial maturity plan
in such manner as the County Commissioners may by
resolution prescribe, and shall mature within not more
than thirty (30) years from the date of their issuance.

(c) Such bonds shall be signed by the President of the
Board of County Commissioners of Dorchester County,
countersigned by the County Treasurer, and the corporate
seal of the County shall be attached thereto; and the inter-
est coupons attached to each of such bonds shall bear the
facsimile signature of the County Treasurer printed, litho-
graphed or engraved thereon.

SEC. 2. And be it further enacted, That any bonds
issued under the provisions of this Act shall be sold in the
manner prescribed by Section 35 of Article 31 of the Anno-
tated Code of Maryland (1939 Edition) at such time or
times as the County Commissioners of Dorchester County
may deem proper.

SEC. 3. And be it further enacted, That the entire pro-
ceeds arising from the sale of any bonds issued under the
provisions of this Act, after the payment of the costs of
engraving and all other incidental costs and expenses con-
nected with the issuance of the bonds shall be paid over
by the County Commissioners of Dorchester County to
the County Treasurer to be held in a separate account
subject to the order of the County Commissioners of Dor-
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