894                               LAWS OF MARYLAND                        [CH. 539

thereon. In case such bonds, or any of them, shall be issued in any
year after the making of the annual tax levy for the year by the Board
of County Commissioners, then said Board is authorized and directed
to pay any or all interest falling due before the next tax levy out of
any other funds at its disposal and to include in the next levy the
amount necessary to reimburse such other funds. Should any of the
persons designated to sign said bonds be unable for any reason to do
so, the Board of County Commissioners shall by resolution authorize
the execution thereof by some other member or officer of said Board,
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 therein. Should any person signing said bonds die or
become incapacitated, or should he cease to be an officer or a member
of the Board, before the delivery of the bonds, such signature shall
nevertheless be valid and sufficient for all purposes and shall be
equally effective to bind the Board of County Commissioners of
Somerset County as if delivery had been made before such death,
incapacity, or expiration or other termination of the term of office.
All bonds issued under this Act and the interest thereon shall be for-
ever exempt from state, county and municipal taxation in the State
of Maryland.

SEC. 4. And be it further enacted, That for the purpose of paying
the principal and interest on said bonds as they respectively mature
and become payable the Board of County Commissioners of Somerset
County shall levy annually on all the assessable property in Somerset
County a tax sufficient in rate and amount to pay the bonds maturing
during such year in accordance with the provisions thereof and to
pay interest on all of the bonds authorized by this Act, which may be
outstanding in such year, and the proceeds of such levy when collected
shall be used only for the purpose and for no other purpose than that
for which such levy was made. Said taxes shall be in addition to all
other taxes authorized by law and shall not be subject to any limita-
tions now existing or hereafter imposed upon the taxing power of the
Board of County Commissioners of Somerset County, nor shall it be
subject to any limitation upon the bonded indebtedness of said
County, and any law conflicting with the provisions of this Act is
hereby repealed, for the purpose of this Act, to the extent of such
inconsistency.

SEC. 5. And be it further enacted, That the proceeds from the sale
of said bonds shall be paid to the County Treasurer of Somerset
County, and shall be set apart by him in an account or accounts, to the

credit of "Public School Bonds of Somerset County of....................",

and shall be disbursed by him only for the purposes herein authorized,
except that all expenses incurred in the sale and delivery of the bonds,
including printing and advertising costs and legal expenses, shall be
payable from said proceeds, and provided further, that any accrued
interest and/or premium received in the sale of said bonds shall be
applied to the payment of the first maturing interest on said bonds.
All disbursements shall be made by the County Treasurer only upon
the order of the County Commissioners of Somerset County, which
shall expend said funds solely for the purposes herein provided, and
upon recommendation of the Board of Education of Somerset County
with respect to the particular project, location, and purposes for
which such disbursements shall be made.