WM. PRESTON LANE, JR., GOVERNOR. 321

percent (4%), payable semi-annually; shall mature serially
over a period of twenty-five (25) years, the amounts of ma-
turities to be fixed by said Commissioners, said bonds shall
be the general obligations of Anne Arundel County, exempt
from State, County and municipal taxation within the State
of Maryland, and in such form as may be adopted or pre-
scribed by said Board of County Commissioners. The said
Board of County Commissioners shall levy annually, at the
time taxes are levied for general county purposes, a tax upon
all the property assessed for county tax purposes, within the
said county, in an amount sufficient to meet the principal
and interest of said bonds so long as any of them shall be
outstanding; provided, however, that if the interest matures
on any one or more of said issues before the annual levy,
or before a sufficient amount of taxes levied for the pur-
poses of paying said interest is collected, the said. County
Commissioners may pay said interest out of the proceeds
of the sale of said issue or issues. The County Commis-
sioners shall offer said bonds for sale to the highest bidder
by sealed bids delivered at a place and time mentioned and
described in one or more advertisements inserted in at least
two newspapers published in said county, and in papers in
nearby cities as directed by the County Commissioners. The
said Commissioners may adopt such rules and regulations
relating to said bonds and offering as they may deem ad-
visable. The entire proceeds derived from said bonds, after
payment of the costs of issuance thereof, shall be used for
capital improvements, or construction, alteration, recondi-
tioning or equipping said capital improvements, to the Court
House of Anne Arundel County.

SEC. 2. And be it further enacted, That Chapter 451 of
the Acts of 1947 be and the same is hereby repealed.

SEC. 3. And be it further enacted, That this Act shall take
effect June 1, 1949.

Approved April 4, 1949.

CHAPTER 191
(Senate Bill 44)

AN ACT to repeal and re-enact, with amendments, Section
7(32) of Article 81 of the Annotated Code of Maryland
(1947 Supplement), title "Revenue and Taxes", sub-title
11