WM. PRESTON LANE, JR., GOVERNOR. 745

are issued, such issue and sale shall be exempt from the
provisions of Sections 35 and 36 of Article 31 of the Anno-
tated Code of Maryland (1939 Edition). The said loan and
every part thereof and every note, certificate of indebted-
ness, bond, coupon or other evidence thereof, and the inter-
est payable thereon, shall be and remain exempt from
State, County and municipal taxation.

SEC. 3. And be it further enacted, That all proceeds de-
rived from said loan shall be placed in a special fund by the
County Treasurer of Dorchester County and shall be paid
out by him only on warrants from The County Commis-
sioners of Dorchester County, which warrants shall be is-
sued only upon proper vouchers presented by The Board
of Education of Dorchester County, for the purchase of
land for, and the erection and equipment of, new school
buildings and for alterations and repairs to and equipment
of existing school buildings, in Dorchester County, and
for payment of architect's and other professional fees in
connection therewith, or for matching Federal funds for
such purposes.

SEC. 4. And be it further enacted, That for the purpose
of paying the interest on said notes, certificates of indebted-
ness and/or bonds, and for redeeming the same as they ma-
ture and become payable, The County Commissioners of
Dorchester County shall levy annually a tax upon the as-
sessable property of said Dorchester County sufficient to
pay the annual interest on said notes, certificates of in-
debtedness and/or bonds and to redeem the same as they
become due, until all of said notes, certificates of indebted-
ness and/or bonds shall mature and be redeemed. The
taxes so levied shall be collected in the same manner as
other taxes are levied and collected in said County.

SEC. 5. And be it further enacted, That, before proceed-
ing to sell any of said bonds at any time, The County Com-
missioners of Dorchester County shall advertise once a
week for not less than two successive weeks in one or more
newspapers published and having a general circulation in
Dorchester County, and by such other advertisements as
they shall think proper, that they will receive sealed bids
for the bonds described in said advertisement, under such
regulations as The County Commissioners by their order
may pass, and such advertisement shall designate the place
where bids will be received and shall set a time for doing
so not later than fifteen days after the date of the last pub-
lication of said advertisement. All accrued interest be-
tween the date of said bonds and the time of sale and de-