WM. PRESTON LANE, JR., GOVERNOR. 953

and if the Board of County Commissioners of Worcester
County concurs in the advisability of issuing such bonds for
the purpose or purposes indicated in the resolution it may
by resolution determine that such bonds shall be issued in
the manner hereinafter. provided, but the total amount of
bonds issued from time to time hereunder shall not exceed
the sum of One and One-half Million Dollars ($1, 500, 000),
and the proceeds shall be spent in accordance with the pro-
visions hereof.

SEC. 2. And he it further enacted, That any bonds issued
under the provisions of this Act shall be in coupon form, but
may be made registerable as to principal, shall be issued on
the serial annuity plan and may in the discretion of the
County Commissioners be made callable upon such terms as
they deem proper at any time after ten (10) years from the
date of their issue, and shall be known as "Public School
Bonds of Worcester County of............ ", inserting the

year of issue; the Board of County Commissioners shall by
resolution adopt the form of said bonds, fixing the date of
issue, the denomination, place of payment, the maturities,
provided that none of said bonds shall mature more than
twenty-five (25) years from the date of issue, the rate of
interest, or the manner of determining the same when the
bonds are offered for sale, the form of advertisement and all
of the other details in connection therewith.

SEC. 3. And he it further enacted, That said bonds may be
sold at one time or from time to time in such amount as may
be determined by the Board of County Commissioners of
Worcester County, provided that the total principal amount
of bonds issued hereunder shall not exceed in the aggregate
One and One-half Million Dollars (f 1, 500, 000); they shall be
sold in accordance with the provisions of Article 31, Sections
34 to 36 of the Annotated Code of Maryland, as amended,
on such terms as the Board of County Commissioners of Wor-
cester County may determine, provided that none of said
bonds shall be sold at less than par and accrued interest, and
the County Commissioners shall have the right to reject any
or all bids. Said bonds shall be signed by the President of
the Board of County Commissioners of Worcester County and
shall be countersigned by the Treasurer of said County and
the corporate seal of the County shall be affixed thereto; the
interest coupons on said bonds shall be authenticated by the
facsimile signature of the President of said Board of County
Commissioners, printed, engraved, or lithographed thereon.
In case such bonds, or any of them, shall be issued in any
year after the making of the annual tax levy for the year by