1916] OF THE SENATE. 915

county superintendent. Said bonds shall be dated on the day
of their issue and shall be payable, as to principal, thirty
years from date and shall bear interest at the rate of 5 per
cent, per annum, payable semi-annually in each and every
year until maturity, and said bonds shall be forever exempt
from all State, county and municipal taxation and shall have
printed on them a reference to this Act as, authorizing the
issue thereof. The principal and interest thereof shall be
payable at some national bank or trust company to be deter-
mined by the County School Commissioners. This place of
payment shall be stated in the bonds and coupons.

'Sec. 3. And be it further enacted, That the County School
Commissioners of Prince George's county shall advertise for
sealed bids for said bond's by inserting a notice in at least two
daily newspapers published in the City of Baltimore, to be
selected by them, at least once a week for two successive
weeks before the date of opening said bids, and the said bonds
shall be sold to the highest responsible bidders therefor for
cash, provided said bids shall be for not less than the face
value of said bonds, and the terms of bidding and the amount
of deposit required to be made shall be in the discretion of
the County School Commissioners, subject to the provisions
hereof.

'Sec. 4. And be it further enacted, That the County School
Commissioners of Prince George's county shall use the money
received from the sale of the bonds issued hereunder im-
mediately upon its receipt for the specific purpose for which
the bonds have been issued and for no other purpose whatso-
ever, and any balance left over shall be deposited by them in
the sinking fund hereinafter provided for the redemption
of the specific bonds from the proceeds of which said sur-
plus was derived. The said County School Commissioners are
hereby authorized to build and construct the schools for
which such bonds are issued and are given full power and
authority to do all matters and things in connection with
such construction which may be necessary.

'Sec. 5. And be it further enacted, That the County Com-
missioners of Prince George's county are hereby authorized
and directed to levy each and every year after any bond
issue under the provisions hereof as a separate fund for each
of such issues a sufficient amount of money to meet the in-
terest on said bonds and to create a sinking fund to pay
said bonds at maturity until the last of said bonds issued
under this Act shall have been paid and cancelled.. Such