The Republican. [volume] (Oakland, Md.) 1877-current, 1882-10-28


last session of the Legislature:
CHAPTER 800.
AN ACT to authorize and empower
the County Commissioners of Gar
rett county to fund certain indebt-
edness of the Board Of County
School Commissioners of Garrett
county," by issuing bonds, there
for, and by levyinga tax upon the
assessable property of said county
to pay the same.
WHEREAS the Board Of County
School Commissioners OF Garrett
county has at various times become
indebted in certain sums OF money
for the purpose of maintaining Its
schools, and providing school houses
for the said county, which said sums
of money are now due from and oW-l
ing by said county, and whereas II is
desirable to provide BY law for the
gradual liquidation of the said indebt
edness thereiorc-
SECTION l. BE it enacted by the
General Assembly Of Maryland, That
the County Commissioners of Garrett
county he and they are hereby au-
thorized and empowered, in their
diScI elton, to issue the bonds OF said
county to an amount not exceeding
the sum of seventeen thousand dol
lars, in sums of not less than one
hundred andn not more than one thOus-
and dollars each, and all OF the said
bonds to be signed by the president
of said board Of county commission
ers, and countersigned by the clerk
| Ofsaid board dOfcnunty commissioners,
whose duty it shall be tOafiiX to each
and every bond so issued the seal Of
the said board and said bonds shall
| bear interest at a rate not to exceed
| six per cent. per annum, payable
semi annually on the first days Of
June and December respectively un-
til the SAID bonds are paid ; and the
interest coupons attached to said
bonds shall be received lif tendered)
by the collector of taxes for said
county in payment Of county taxes
due from the holder thereof
| SEC. .. And be it enacted, That the
SAID bonds shall be sold 10y the Coun-
| ty Commissioners of Garrett county
aforesaid to the highest bidder for
cash, at not less than their par value.
SEC. 3. And be it enacted, That said
| bonds shall be issued to mature at
| such dates as shall not require the
payment III any one year Of more than
one thousand dollars Of the principal
sum thereof, and shall be rpdeemabie
| at the pleasure of the said board Of
| county commissioners at or before
| their maturity, and none Of the said
bonds shall be issued to mature be-
fore the first day of June, in the year
| eighteen hundred and eighty-three.
SEC. 4. And be it enacted, That to
/ redeem said bonds the Board of COun
| ty Commissioners Of Garrett county
shall annually levy upon the ASSESS
| able property of said county tax
sufficient to pay the interest upon the
| bonds 50 issued under the provisions
! Of this act, and 50 much Of the prin-
| cipal thereOfas shall annually mature
| according to the respective tenor of
| the aforesaid bones, and the said levy
| shall be designated as the Garrett
county school debt.
SEC. ). And be it enacted, That the
| proceeds arising from the sale of the
aforementioned bonds shall be, as
soon as realized, paid oyer by the
county commissioners Of said county
| to the Treasurer ofthe Board Of Coun-
| tv School Commissioners Of Carr, tt
| county, who shall immediatply apply
the same to the payment of the afore-
said Indebtedness now due by said
board Of county school commission
crs, and no other purpose.
SEC. g. And be it enacted. That
| hereafter the Board OF County School
| Commissioners 0fGarrptt county shall
not pXppnd for school purposes or for
any other purpose a greater sum of
money in any one wear than shall
have been levied hy the county COM
utissionrr5 for said county for fine
samp.ypar in addition TO The sum or
sums annuallv received bv the said
hoard ofcountv school commissioners
of said comfy from the Treasurer of
the state and the said Roard of Conn.
tv School Commissioners of Garrett
c0untv il hprphv ahsnlutaIv nrnhihi.
tod fran, borrnxing from nnT sonrra
Uhafavnr or fnronV nurnosa INV snm
or sums of nIonnv which Shall he in
nvcoys of rho unHnnvs vhirh if thn
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