Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1876-05-26
nlay19-3t
II IIAPTER 3l9.

County Commissioners Of Frederick
county, to fund certain Indebtedness OF
the Board of County School Commits
sioncrs Of Frederick county, by issuing
Bonds therefore, and to levy a tax for
the payment OF the same. Whereas, the
County School Commissioners, of Fred
crick county, borrowed certain sums of
money at different times to maintain
their Schools aud provide School Houses,
which said sums Of money are now due
and unpaid, and, whereas, it is desirable
that said Indebtedness should be pro-
vidcd for so as to be paid off gradually
SECTION /. BE it enacted By tie General
.is~mbIy IF MuyI"nd, That the County
Comm ssioners of Frederick county, be
and they are hereby authorized and en-
powered in their disCrclions, to issue
Bonds to on amount not exceeding twenty
five thousand dollars, in sums Of not less
than one hundred nor more thanonc thou
sand dollars each, to be signed by the
President of the Board of said County
Commissioners, and cOuntcrsigncd by the
Clerk of Said Board, said Bonds to bear
interest payable semi annually on the LIST
day of April and on the list day of October
IN each and every year, during which the
said bonds may run and remain unpaid
and the coupons for interest on said Bonds
shall be receivable by the Collectorof taxes
for said county in payment of county taxes.
Provided that said bonds shall be sold at
public sale to the highest responsible bidder
for cash, three weeks prior notice of time
and place OF sale having been given by adj
vcrliscmcnt in the two newspapers having
the largest circulation in said county.
SEC. 2. 1nd be 1t enacted, That said
Bonds shall be issued to mature at such
dates as Snail not require the payment in
any one year of more than four thousand
dollars of the principal sum thereof, and
Shall he redccmable at the pleasure OF the
said County Commissioners at or before
their maturity, but none of said bonds shall
be issued to mature Lctorc the first day OF
April in the year 1878.
SEC. B. and be 1t enacteG, That to redeem
said bonds the County Commissioners OF
Frederick county shall annually levy upon
the assessablc property of said county, a
tax sufficient to pay the interest thereon
and the principal of such portion as may
mature in each and every year, after the
date of their issue, and said levy shall be
designated as school Fund
SEC. 4. and be it enacted, That the pro
cecds arising from the aforementioned
Bonds shall be paid over by the County
Commissioners to the Treasurer of the
School Commissioners of said Countrywide
shall Immediately apply said proceeds tC
the payment of the aforesaid Indebtedness
now due by said School Commissioners
and to 10 other purpose.
SEC. 5. Ind be it cnacted, That hereafter
the School Commissioners OF said County
shall not expend, for school purposes, OF
for any other purpose, greater sum O
money in any one wear than shall be annu
ally levied for School purposes by the
County Commissioners of said County, IL
addition to the amount annually recivc(
by the said School Commissioners from
the Treasurer of the State, and they shal
not borrow any sum or sums of money il
any one year in excess of their actual re
ceipts and incomes for such year, as pro
yidcd for by law, and it shall not be Lawful
for said County School Commissioners tt
contract or pay any debt in excess of the
annual revenues provided by law tor Schoo
purposes, nor shall the County Commits
sioners for said county assume or pay any
debt or any portion thereof contracted il
:, violation of the provisions of this Act.
Sec. 6. And be it enacted, That this Ac
shall take effect and be in force from thu
date of its passage.
SEC. 7. And be it enacted, That all law
inconsistent with the provisions of this &C
be and the same ale hereby repealed.
LEWIS G. SMITH,
Speaker of the House of Delegates
DANIEL FIELDS,
President of the Senate
Approved 9Th April. 1876;
JOHN LEE CARROLL,
mayle3t UoVelho'