The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1876-04-15
CHAPTER l72.

AN ACT to authorize the County Commissioners of
Cecil county to fund certain Indebtedness of the
Board of County School Commissioners of Cecil
ceunty, by issuing Bonds therefor aud to levy a tax
for the payment of the sane.
WHEREAS, The County School Commissioners of Cecil
county have been compelled to borrow large sums of
money AT different times during the past wears TO
maintain their schools and provide school houses which
whereas, it is desirable that said Indebtedness should
be funded SO as to be paid OFF gradually:
SECTION l. Be it enacted by the General Assembly of
Maryland, That the CGpnty Commissioners of Cecil
county be- and they hereby authorized and empow-
cred to Issue bonds To amount not exceeding twenty
Thousand dollars in of less than one hundred
nor more than one thousand dollars each be signed
hN the President OF the Board OF said Commits
sion-rs and countersgne hy the Clerk Of said Board
said bonds IL bear interest payable selnnnualy on the
first day OF April and the first day Of October in
each and every year, during which the said bonds may
and remain unpaid and the coupons for interest on
said bonds sa be recetyabe by the c.! eptar Of taxes
for said county III payment Of county taxes.
SECTION .. And lie it enacted, That said bond, shall
he issued to mature at such dates shall not require
the payment in any year of than four thous
and dollars of the principal thereof and that said
bonds shall be rcdeemahe at the pleasure the said
County Commissioners at or before their maturity
Of said bonds shall lie issued mature before the
first day of April in the year eighteen hundred and
seventy-eE GIT.
SECTION 8. And he it enacted, That 10 redeem said
bonds the County Commissioners of Cecil county shall
annually levy upon the assessabe property of said
the principal of such portion may mature in each
and every year after the date of their ISSUE and said
levy shall BE designated AS School Fund
SECTION I. And be it enacted. That the proceeds
arising from the sale of the afurc toned bonds shall
be- pad by the County Commissioner. to the Treas
urer Of the School Commissioners of said county who
shall Immediately apply said proceeds 10 the payment
of the atOrrsaid Indebtedness due by said School
Comm Ssioners and IL no other purpose.
SECTION 3. And lie it enacted That hereafter the
School Commissioners of said county shall not expend
or for thar
sum oil money III any one year than shall lie annually
levied for school purposes by the County
of said comfy in addition to the amount annually re-
ceyed by said Schuo Commissioners from Treasurer
Of the State, and they shall not borrow any sum or
sums OF money III any year, which. added to the
actual receipts for such year. would exceed their yearly
income. as provided fer by law, ana it shall be lawful
Indebtedness, contracted in violation of this section
sue upon or enforce the saline in any Court of law or
equity i'll this State against said School Commissioners
either Individually or collectively.
SECTION &. And he it enacted That in case of the
destruction of school house by fire or otherwise
the Board of School Commissioners may with the CON
currcEce u. the Board of County commissioners borrow
70 much, aid no l4Or2, mcuct may IcDlace such
rebuilding OF such house, and 10 no other purpose
whatever. and the County Commissioners shall provide
for such Indebtedness 10y additional levy in the fol-
lowing year.
SECTION l. And he ii enacted, That all laws ncon-
sstent with the provisions Of this Act be and the same
are hereby repeated
SECTION s. And he it enacted That this Act shall
take cir afd L. il 1ace from the date of its passage.
We hereby certify thar the aior-gons a correct copy
of an Act of Assembly passed January session. 1876
Approved March eth, 1876.
MILTON Y. KIDD,
Chief Clerk of the House of Delegates.
AUGUSTUS GASSAWAY,
Secretary of the Senate.