Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1914-06-11

Maryland of l9l4)
CHAPTER No 65S.
AN ACT to direct the County Commits
sioncrs of Frederick County to borrow
Money on the credit of said county to
purchase or condemn real estate and
pay for the erection of a new building
or buildings for apubiic schoolin Thur
mont, in Election District No. IL, in
Frederick county; and to issue bonds
therefor and to levy on the assessabe
property in Frederick county an annual
tax sufficient to pay said bonds when
they mature and to pay the interest
thereof as it becomes due.
Whereas, the conditions now existing
at the public school in 1hurmont, by rea-
son of the over-croWded condition of said
schools, the lack of proper ventilation,
the inadcquacy of means to protect the
lives of the pupils In case of fire and i'm
proper sanitary provisions have become
alarming to such an extent as to produce
protests by the citizens of said town and
vicinity, coupled with the further fact
that the said school building has been
partially destroyed by recent wind
storm and it being the earnest desire on
their and on the part Of the Board Of
County School Commissioners of said
County to remedy the evils which exist,
| and,
Whereas, the conditions cannot be prop
erly remedied except by the purchase or
condemnation of a suitable addition to
the present school site and erection of a
new building for the use of said school,
now, therefore,
Section |. Be it enacted by the Gen
eral Assembly of Maryland, That the
County Commissioners Of Frederick coun-
ty in order to provide the necessary funds
! for the purchase or condemnation OF adj
ditional ground in Thurmont and the cree
ton of a school building in said town Of
! Thurmont and the expenses incident
thereto, are hereby directed to borrow
money on the credit of the County to an
amount not exceeding the sum of Thirty
six thousand dollars ($36, 100000 on May
| LIST, 1914, and to issue bonds therefor
under the corporate seal of said County
Commissioners, to be signed by the Pres
ident of the Board of County Commits
sioners and countersigned by the Clerk
thereof in sums not less than One Hun
dred Dollars (SlOO0O) and not more than
One Thousand Dollars ($l, 100000, bear
ing interest from date of issue thereof at
the rate of 4t per cent per annum; and
said bonds shall have written or printed
on them distinct reference to the Act
directing the issue of the same and said
bonds when issued shall be exempt from
municipal and County taxation in Fred
erick County.
Section 2. And be it enacted, That
the County Commissioners shall cause to
able property in Frederick county a tax
annually which shall be sufficient to pay
the interest on said bonds and provide
sinking fund for their redemption at or
before maturity; and said tax shall be
collected in like manner as other taxes
levied in said County are collected and
when collected shall be applied to the
payment of the interest on said bonds
and to sinking fund to redeem said
bonds at or before their maturity.
Section 3. And be it enacted, That
said bonds shall be made payable at the
expiration of thirty years from the date
of issue and shall be redeemable at any
time after the expiration of fifteen years
from the date of issue and they shall be
sold, after due advertisement, by the
County Commissioners to the highest
bidder or bidders; provided, however,
that none of said bonds shall be sold for
less than par value.
Section A. And be it enacted, That
the County Commissioners shall when
notified by the Board of County Schoo
Commissioners of said County that they
desire to avail themselves of the provis-
ions of this Act and of the amount OF
money they will require for the purposes
aforesaid, advertise and sell said bonds
as above provided TO an amount sufficient
to produce the sum designated by the
Board of County School Commissioners;
but in no event in excess of said sum OF
$50, 100000; and shall pay over the pro-
ceeds of the sale of said bonds as receiv
ed to said Board of County School Com
missioners who shall account for the
same and the expenditure thereof in the
same manner as they account for other
monies passing through their hands.
Section S. And be it enacted, That
this Act shall take effect from the date
of its passage.
Approved April 10, 1914.
p. l.. GOLDSBOROUGH,
Governor.