THEODORE R. McKELDIN, GOVERNOR                    475

Board of Education of Wicomico County, in their joint discretion,
to pay possible additional costs of construction and/or equipment
of any or all of said three projects named herein, the County Com-
missioners of Wicomico County, Maryland, be and it is hereby
authorized and empowered to borrow at one time or from time to
time, upon the full faith and credit of said County, an amount not
exceeding Three Hundred Thousand Dollars ($300,000.00), and to
issue coupon bonds therefor from time to time as said County Com-
missioners of Wicomico County and Board of Education of Wicomico
County jointly decide to carry out said purposes.

SEC. 3. And be it further enacted, That the said bonds shall be
issued in the denomination of One Thousand Dollars ($1,000.00),
with coupons attached thereto for the payment of interest thereon,
semi-annually, until maturity; said bonds shall be signed by the
President of the County Commissioners of Wicomico County and
countersigned 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 lithographed 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, or the manner of determining the same,
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 likewise determine the form of the bonds, the
medium of payment, and the place at which the principal and in-
terest shall be payable. In case any of the officers whose signatures
appear on the bonds and coupons shall cease to be such officers
before the delivery of such bonds, such signatures shall neverthe-
less be valid and sufficient for all purposes, as if they had remained
in office until such delivery. Should any of the persons designated
to sign said bonds be unable for any reason to do so, the County
Commissioners of Wicomico County shall by resolution authorize
the execution thereof by some other member or officer, and such
execution shall be valid and sufficient for all purposes as if the
bonds had been executed by the person or persons originally
designated. The bonds may be made registerable, as to principal
only, under such terms and conditions as may be determined by
said County Commissioners.

SEC. 4. And be it further enacted, That the County Commis-
sioners of Wicomico County shall advertise the sale of said bonds in
at least one newspaper published in Wicomico County, Maryland,
once a week for at least two successive weeks prior to the date of
their sale, said sale to take place not sooner than ten days after the
insertion of the first advertisement, and by such other advertisement
as may to it seem proper and advisable, inviting sealed proposals for
the purchase of said bonds or any part thereof with the privilege of
rejecting any or all bids, and no bid shall be accepted at less than par
and accrued interest; the entire issue of bonds may be offered at one
time or they may be offered in varying amounts at different intervals,
as may seem most advantageous to the County Commissioners of
Wicomico County and the Board of Education of Wicomico County
in constructing, erecting, completing the construction, or aiding in
construction, making additions and improvements to and equipment