1094                             Laws of Maryland                       [Ch. 647

ticated by the facsimile signature of the President of said Board of
County Commissioners, printed, engraved, or lithographed 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 bond die or be-
come 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 Wor-
cester County as if delivery had been made before such death, in-
capacity, or expiration, or other termination of the term of office.
All bonds issued under this Act and the interest thereon shall be
forever exempt from State, County and municipal taxation in the
State of Maryland.

Sec. 5. 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 Wor-
cester County shall levy annually on all the assessable real property
in that portion of Worcester County specified in this section, a tax
in the amount of ninety cents (90c) on each one hundred dollars
($100.00) of assessed valuation in order 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 out-
standing in such year; and the proceeds of such levy when collected
shall be used for the purpose and for no other purpose than that for
which such levy was made. The real property subject to this tax is
that located on the area of land known generally as Assateague Is-
land, between the Ocean City Inlet on the north and the Virginia
State line on the south, and between the Atlantic Ocean on the east
and Sinepuxent Bay and Chincoteague Bay on the west. Said taxes
shall be in addition to all other taxes authorized by law and shall not
be subject to any limitations now existing or hereafter imposed upon
the taxing power of the Board of County Commissioners of Wor-
cester 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. 6. And be it further enacted, That the proceeds from the
sale of said bonds, except as in this Act otherwise provided, shall be
used exclusively for the specific purposes for which said bonds have
been issued, and for no other purpose whatsoever, except that all ex-
penses incurred in the sale and delivery of the bonds shall be payable
from said funds; provided, however, that in case it shall not be
necessary to use the full amount authorized for the specific project
for which the money has been appropriated then the Board of Coun-
ty Commissioners of Worcester County shall apply the excess funds
for the purpose of paying the principal and interest on the bonds as