THEODORE R. MCKELDIN. GOVERNOR 743

pons attached to each of said bonds shall bear the facsimile
signature of the Chairman of the Board of County Com-
missioners, printed, lithographed or engraved thereon.

SEC. 4. And be it further enacted, That any bonds au-
thorized by this Act shall be sold in the manner prescribed
in Section 35 of Article 31 of the Code of Public General
Laws of Maryland, 1939 Edition, and amendments thereto.

SEC. 5. And be it further enacted, That the proceeds
from the sale or sales of any of said bonds shall, after the
payment of the cost of engraving or printing said bonds
and other incidental costs and expenses with reference to
the issuance of such bonds, be paid over to the Treasurer
of Howard County and by him credited to the Board of
Education of Howard County to be held in a separate ac-
count, subject to the order of said Board of Education, and
to be spent only as provided in Section 1 of this Act.

SEC. 6. And be it further enacted, That until all of the
bonds, certificates of indebtedness, promissory notes or
other evidences of indebtedness issued under this Act have
matured and been redeemed, the County Commissioners
of Howard County shall annually levy a tax upon the as-
sessable property of the County sufficient to pay the inter-
est on the bonds outstanding and the principal of bonds
maturing during the succeeding year.

SEC. 7. And be it further enacted, That for the purpose,
of paying the interest on such bonds as may be issued under
the provisions of this Act and redeeming them as they ma-
ture, the County Commissioners of Howard County shall
include in the levy for the year after their issuance and
each year thereafter until they mature and have been re-
deemed, an amount which together with any so-called
"Building Incentive Fund" shall be sufficient to pay the
annual interest on the bonds and to redeem them as they
mature, provided, however, that the said Board of County
Commissioners are hereby authorized, empowered and
directed first to use any monies received by it or by the
said Board of Education of Howard County under and by
virtue of the provisions of the so-called "Building Incentive
Fund" for public school buildings as made or as may be
made available by law, to pay the interest on and to redeem
said bonds as they mature.

Sec. 8. And be it further enacted, That this Act shall

take effect June 1, 1951.