1030 LAWS OF MARYLAND [CH. 550

County as may be necessary to pay the interest on such
of said bonds as may be outstanding from time to time,
and to redeem said bonds as they become due and payable.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That whenever the Board of Education of Prince
George's County shall think it advisable to build and equip
new schoolhouses, or construct an addition or additions to
existing schoolhouse or schoolhouses at a location or loca-
tions to be determined, including the purchase of land, if
necessary, or to match Federal funds for the aforesaid
purposes, it may by resolution request the Board of County
Commissioners of said County to authorize the Board of
Education of Prince George's County to issue bonds and to
pay for the same, said bonds to be guaranteed as to payment
of principal and interest by the Board of County Commis-
sioners of Prince George's County, on the full faith and
credit of said County, and if the Board of County Commis-
sioners of said County concur in the advisability of issuing
such bonds for the purpose, or purposes, indicated in such
resolution, they may by their resolution order that the same
shall be issued as hereinafter provided, but the total amount
of bonds issued from time to time hereunder shall not
exceed the sum of Nine Million, Five Hundred Thousand
Dollars ($9, 500, 000) and the proceeds shall be spent in ac-
cordance with the provisions hereof.

SEC. 2. And be it further enacted, That such bonds shall
have semi-annual interest coupons attached and shall be is-
sued on the serial maturity plan and shall be known as
"Prince George's County Public Bonds of................ ", insert-
ing the year of issue. The Board of County Commissioners
in the aforesaid resolution shall fix the date of issue; de-
termine the denomination of the bonds; fix the amount to
be paid each year, provided that no series shall mature more
than twenty-five (25) years from the date of issue; and fix
the rate of interest to be paid on said bonds or designate
how the rate of interest may be determined when said bonds
are offered for sale, provided said interest rate shall not
exceed five per cent (5%) per annum, and determine other
details regarding the form of said bonds.

SEC. 3. And be it further enacted, That when the Board
of County Commissioners of Prince George's County shall
have authorized the issuance of said bonds and when the
Board of Education of Prince George's County shall have
received from the Board of County Commissioners a certi-
fied copy of its resolution, or resolutions, as provided in