274                             LAWS OF MARYLAND                     [CH. 100

Commissioners shall by resolution provide. The bonds shall bear
interest at a net average rate not in excess of six per centum (6%)
per annum for the entire issue, as shall be provided by resolution of
said County Commissioners, and installments of interest may be
evidenced by semi-annual coupons attached to said bonds bearing the
facsimile signature of the Treasurer of Caroline County. If such
bonds are issued, such issue and sale shall be in accordance with the
provisions of Sections 8 to 18, inclusive, of Article 31 of the Anno-
tated Code of Maryland (1957 Edition, as supplemented).

Sec. 3. And be it further enacted, That for the purpose of paying
the interest on said bonds, and for redeeming the same as they mature
and become payable, the County Commissioners of Caroline County
shall levy annually a tax upon the assessable property in said Caro-
line County sufficient to pay the annual interest on said bonds and to
redeem the same as they become due, until all of said bonds shall
mature and be redeemed. The taxes so levied shall be collected in the
same manner as other taxes are levied and collected in said County.

Sec. 4. And be it further enacted, That out of the actual cash
proceeds from the sale of any of said bonds shall be paid first the cost
of printing and other outlays and expenses and charges connected
with the issue of the same, and the entire balance of said actual
cash proceeds, together with any interest that may be received on
the same, shall be retained by the County Treasurer of Caroline
County until needed for the purposes as in this Act hereinbefore
specified.

Sec 5. And be it further enacted, That in the event that any of
the persons designated to sign said bonds be unable for any reason
to do so, the County Commissioners shall by resolution authorize the
execution thereof by some other member or officer, and such execu-
tion shall be valid and sufficient for all purposes as if the bonds had
been executed by the person or persons originally designated herein.
Should any person signing said bonds die or become incapacitated, or
should he cease to be an officer or a commissioner, before the delivery
of the bonds, such signature shall nevertheless be valid and suffi-
cient for all purposes and shall be equally effective to bind the County
Commissioners of Caroline County as if delivery had been made
before such death, incapacity, or expiration, or other termination of
the term of office.

Sec. 6. And be it further enacted, That this Act is hereby declared
to be an emergency measure and necessary for the immediate preser-
vation of the public health and safety, and having been passed by a
yea and nay vote supplied by three-fifths of the members elected to
each of the two houses of the General Assembly of Maryland, the
same shall take effect from the date of its passage.

Approved April 9, 1969.