THEODORE R. MCKELDIN, GOVERNOR 1031

Sections 1 and 2 hereof, and not before, the said Board of
Education shall be authorized to borrow, on endorsement
of the Board of County Commissioners of Prince George's
County, which is hereby directed to endorse such bonds on
the faith and credit of said County, such amount or amounts
as the Board of County Commissioners shall have author-
ized within the limitations hereinbefore set forth.

SEC. 4. And be it further enacted, That the Board of Edu-
cation shall be empowered to sell said bonds or any part
thereof, from time to time, authorized in the above resolu-
tion by sealed bids at the offer which in the discretion of
said Board is most advantageous to the County, after hav-
ing given such public notice as it may deem proper of the
time, place, manner and terms of sale, right being reserved
to reject any or all bids. Said bonds shall not be sold
except for cash, nor for less than par, and when issued shall
be exempt from State, County and municipal taxation. Said
bonds shall be signed by the President of said Board of
Education of Prince George's County and countersigned by
the County Superintendent of Schools and endorsed by the
President of the Board of County Commissioners of Prince
George's County and the Clerk to said Board, with the
corporate seals of said Boards; provided that the coupons
for the interest attached thereto may be authenticated by
the engraved, lithographed or printed signatures of the
President of the said Board of Education and the County
Superintendent. Said bonds may be registered as to the
principal by the County Superintendent of Schools in a
separate book kept by him for that purpose, if such regis-
tration is desired by the holder thereof. The principal and
the interest thereon shall be paid at some bank or trust
company to be determined by the Board of County Com-
missioners and the place of payment shall be stated on the
bonds and on the coupons. In case such bonds or any
of them shall be issued in any year after the making
of the annual levy for the year by the Board of County
Commissioners of Prince George's County, then said
Board of County Commissioners of Prince George's
County is authorized and directed to pay any or all
interest coming due before the next levy out of any
other funds at their disposal and to levy at the next
levy to reimburse such other funds. Should any of the
persons designated to sign said bonds or the endorsement
thereon be unable for any reason to do so, the Board of
County Commissioners or the Board of Education, as the
case may be, shall by resolution authorize the execution