The Republican. [volume] (Oakland, Md.) 1877-current, 1916-11-02
CHAPTER NO. 453.

AN ACT to empower and direct the
County Commissioners of Garrett Coun-
ty to borrow money on the credit of said
county for the purpose of erecting a
high school building IN the town of Oak
land, and heating, furnishing and equip
ping the same, and to purchase or con-
denim real estate for the erection of the
same, and for the purpose of erecting,
repairing and improving other public
school buildings in said county, and to
issue bonds for the payment of said
money, and to levy taxes upon the as
sessable property of said county to re-
deem such bonds and to pay the inter-
est thereon, to refer such question to
the voters of Garrett County.
SECTION l. Be it enacted by the
General Assembly of Maryland. That
for the purpose of erecting high school
building in the town of Oakland and for
the purpose of furnishing, heating and
equipping said building, and for the
erection, repairing and improving other
public school buildings in said county,
and for the purpose Of purchasing or
COndemning real estate for the erection
of the same, the County Commissioners
for Garrett County, be and they are
hereby authorized, empowered and di-
rected to borrow money on the credit of
said county to an amount not exceed
ing thirty thousand dollars, and to issue
coupon bonds therefor, the said bonds
to be in the sum Of one thousand dol
lars each and to be signed by the presi-
dent of the Board of County Commits
sioners for Garrett County, and coun-
tersigned by the Clerk of said board.
with the corporate seal OF said County
Commissioners attached to every bond
so issued; said bonds to be dated the
first day OF January, 1917, and to bear
interest at rate not exceeding per
cent. per annum, payable semi-annually
on the first day Of July and the first day
of January in each and every year
until the maturity thereof, and the said
bonds shall mature as follows: one
thousand dollars thereof on January |.
1922, and annual thereafter the sum of
one thousand dollars in every year until
all of said bonds shall have matured.
SEC, 2. And be it enacted. That
said bonds shall have written or printed
on them a distinct reference to the act
directing the issue of the same. and
that said bonds when issued shall be ex-
empt from municipal and county taxa
ton in Garrett County. and they shall
be sold after due advertisement by the
County Commissioners to the highest
bidder or bidders, provided hoUever
that none of said bonds shall be sold for
less than par value.
SEC. 3. And be it enacted, That the
said County Commissioners for Garrett
County shall levy annually upon the as
sessable property of said county tax
sufficient to pay the interest upon said
bonds, and in the year 1921 they shall
levy the sum on one thousand dollars to
meet the first maturing bond issued,
and annually thereafter the said County
Commissioners shall levy upon the as
sessable property of said county the
sum of one thousand dollars until the
maturity of the last bond by this act
authorized to be issued.
SEC. A. And be it enacted. That the
clerk of the County Commissioners of
Garrett County shall register the said
bonds when the same are sold. showing
to whom the same We're sold. what
price was obtained therefor, and shall
keep record upon the books of said
County Commissioners of all bonds paid
SEC. 5 And be it enacted, That the
County Commissioners of Garrett Coun-
ty shall when notified by the Board of
County School Commissioners of said
county that they desire to avail them
selves of the provisions of this act and
of the amount of money they will re-
quire for the purpose aforesaid, adver-
tise and sell said bonds as above provid-
ed to an amount sufficient to produce
the sum designated by the said Board
of School Commissioners, but in no
event in excess of the sum of thirty
thousand dollars. and shall pay over the
proceeds of the sale of said bonds to the
Board of County School Commissioners
who shall account for the same as they
account for other monies passing
through their hands
SEC. g. And be it enacted, That the
said County Commissioners for Garrett
County shall have the option to redeem
any or all of said bonds outstanding
after ten years from the date of their
issue.
SEC. Z. And be it enacted, That at
the general election in November, 1916,
there shall be submitted to the qualified
voters IF Garrett County. the question
whether the said bonds shall be issued,
and at such election the ballots cast up
on the question shall have printed or
written thereon the words, For the
Rond Issue - oT "a Oainst the Ropd