1048 LAWS OF MARYLAND [CH. 558

empowered to issue serial coupon bonds on the faith and
credit of said county, to the amount of not to exceed Eight
Hundred Thousand Dollars ($800, 000. 00) par value, said
bonds to be issued in denominations of One Thousand Dol-
lars ($1, 000) or any multiple thereof, to bear interest at
a rate not exceeding four per centum (4%) per annum,
payable semi-annually in each year during which said bonds
shall be outstanding and remain unpaid, to be signed by
the President of the Board of County Commissioners of
said County, and countersigned by the Clerk thereof, to
have the corporate seal of said Board of County Commis-
sioners of Prince George's County affixed thereto, and to
be exempt from all State, County, and municipal taxes.
The said bonds shall have printed on them, a distinct refer-
ence to the Act authorizing the issue, and shall be desig-
nated as "Prince George's County Jail Bonds".

SEC. 2. And be it further enacted, That the said County
Commissioners for Prince George's County are authorized
and empowered to issue the said bonds and sell the same
at such time and in such manner as the said Commissioners
may determine and as herein provided. The said bonds
shall be issued in series maturing as said County Commis-
sioners shall determine.

SEC. 3. And be it further enacted, That in order to pro-
vide for the selling of said bonds to be issued under the
provisions of this Act, the said Board of County Commis-
sioners for Prince George's County, or a majority of them
are hereby directed to advertise once a week for two suc-
cessive weeks before said bonds, or any part thereof, shall
be issued, in such newspapers as may be determined by the
said Board, that the said Board of County Commissioners
will be in readiness at a certain time to be named in said
notice, to receive bids at such place as may be named in
said advertisements, for bonds issued under the provisions
of this Act, under such regulations as may be made in the
discretion of said County Commissioners, or a majority of
them; and at the time mentioned in said advertisements as
the time for opening the bids for the proposals thereby
called for, the said County Commissioners shall receive
such sealed proposals for the purchase of as many of such
bonds as may be mentioned or designated in said adver-
tisements; and on the opening of such sealed proposals, as
many of said bonds as have been so bid for shall be awarded
by said County Commissioners, or a majority of them, to
the highest responsible bidder or bidders therefor, for cash,
if the prices bid are adequate in the judgment of said