The Republican. [volume] (Oakland, Md.) 1877-current, 1916-05-18
CHAPTER NO. 453.

west, to the point OF beginning.
CHAPTER NO. 453.
AN ACT to empower and direct the
County Commissioners of Garrett
County to borrow money on the
credit Of said county for the pur-
pose of erecting high school build
ing IN the town of Oakland. and
heating. furnishing and euuipping
the same, and to purchase or con
dem 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 10
levy taxes upon the assessable prop
erty Of said county to redeem such
bonds and to pay the interest there
on, to refer such question to the
the voters of Garrett County.
SECTION l. Be it enacted by the
General Assembly of Maryland, That
for the purpose of erecting a high
school building in the town OF Oakland
and for the purpose Of furnishing, heat
ing and equlpping said building, and for
The erection, repairing and improving
other public school buildings in said
county, and for the purpose of purchas-
ing or condemning real estate for the
erection Of the same, the County Com
mlssioners for Garrett County, be and
they are hereby authorized. empowered
and directed to borrow money on the
credit of said county to an amount not
exceeding thirty thousand dollars, and
to issue coupon bonds therefor, the said
bonds to be IN the sum of one thousand
dollars each, and to be signed by the
president of the Board of County Com
missioners for Care tt County, and
countersigned 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 a rate not eX-
ceeding per cent. per annum, payable
semi annually on the first day of July
end the first day of January in each and
every year until the maturity thereof,
and the said bonds shall mature as fol-
lows: one thousand dollars thereof on
January l, 1922, and annual thereafter
the sum of one thousand dollars in every
year until all of said bonds shall have
matured.
I 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
I County Commissioners to the highest
/ bidder or bidders, provided however
/ 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
/ sessabe property of SAID county tax suf-
/ ticient 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. 4 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 were sold, what
price was obtained therefor, and shall
keep record upon the books of said
County Commissioners Of all bonds paid
SEC. ). 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, adyer-
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. 6. And be it enacted, That the
said County Commissioners for Garrett
County shall have the opinion 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 of 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
Bond Issue" or against the Bond
ISSUE" and if the majority of the votes
cast upon said question shall be For
the Bond Issue, then the County Com
missioners for Garrett County shall pro-