THEODORE R. MCKELDIN, GOVERNOR 575

said bonds and the terms and manner of the sale thereof,
exempting said bonds from State, County and Municipal
taxation in the State of Maryland; to provide that the
proceeds thereof shall be used by the Board of Educa-
tion of Wicomico County for the construction, complet-
ing the construction or aiding in construction, making
additions and improvements to and equipment of schools
in or near Salisbury, Maryland; and to provide for the
payment of said bonds, both principal and interest, by
the levy of taxes upon all taxable property in Wicomico
County.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of Wicomico County,
Maryland, be and they are hereby authorized and empow-
ered to issue at one time or from time to time, upon the
full faith and credit of said County, coupon bonds in an
amount or amounts not exceeding in the aggregate Seven
Hundred Thousand Dollars ($700, 000. 00) for the purpose
of constructing, completing the construction or aiding in
construction, making additions and improvements to and
equipping, on sites now owned by the Board of Education
of Wicomico County and/or on any nearby land hereafter
acquired by said Board for that purpose, two schools in
Wicomico County, one in or near the Eastern limits of
the City of Salisbury in the vicinity of Long Avenue and
Mt. Harmon Road, and one in or near the Northern limits
of the City of Salisbury in the vicinity of Lake Street.

SEC. 2. And be it further enacted, That the said bonds
shall be issued in the denomination of One Thousand Dol-
lars ($1, 000. 00), with coupons attached thereto for the
payment of interest thereon, semi-annually, until matur-
ity; said bonds shall be signed by the President of the
County Commissioners of Wicomico County and counter-
signed by the County Treasurer of Wicomico County, with
the seal of said County affixed thereto; and the coupons
shall be signed by the facsimile signature of the County
Treasurer of Wicomico County printed, engraved or litho-
graphed thereon. Said County Commissioners shall by
resolution determine the rate or rates of interest to be
paid on the bonds, not exceeding four per centum (4%)
per annum, which rates may vary on the bonds of different
maturities, and the maturity or maturities of the bonds,
which shall be at a time or times not exceeding twenty-
five (25) years from the date of the bonds, and shall like-
wise determine the form of the bonds, the medium of
payment, and the place at which the principal and interest
shall be payable. In case any of the officers whose signa-