SPIRO T. AGNEW, Governor                         65

on sites now owned by the Board of Education of Somerset County
and/or any land in Somerset County hereafter acquired by said
Board for that purpose from the proceeds of said bonds, new second-
ary school buildings in Somerset County.

Sec. 2. And be it further enacted, That any bonds issued under
the provisions of this Act shall be coupon form, but may be made
registerable as to principal, shall be issued on the serial maturity
plan, and shall be known as "Public School Bonds of Somerset County
of 1968", inserting the year of issue; the Board of County Commis-
sioners shall by resolution adopt the form of said bonds, fixing the
date of issue, the denomination, place of payment, the maturities,
the rate or rates of interest or the manner of determining the same
when the bonds are offered for sale, the form of advertisement and
all of the other details in connection therewith.

Sec. 3. And be it further enacted, That said bonds may be sold
at one time or from time to time in such amount as may be deter-
mined by the Board of County Commissioners of Somerset County,
provided that the total principal amount of bonds issued hereunder
shall not exceed in the aggregate Two Million Six-Hundred Thousand
Dollars ($2,600,000.00). Such bonds shall not be subject to the pro-
visions of Article 31, Sections 9, 10, and 11, inclusive, of the Anno-
tated Code of Maryland (1957 Edition), and shall be on such terms
as the Board of County Commissioners of Somerset County may
determine, provided that none of said bonds shall be sold at less
than par and accrued interest, and the County Commissioners may
reserve the right to reject any or all bids. Said bonds shall be signed
by the President of the Board of County Commissioners of Somer-
set County and shall be countersigned by the Treasurer of said
County and the corporate seal of the County shall be affixed thereto;
the interest coupons on said bonds shall be authenticated by the
facsimile signature of the President of said Board of County Com-
missioners, 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 per-
sons 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 member
of said 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 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 forever 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