Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1916-05-20
PUBLIC LOCAL LAWS
FOR ANNE ARUNDEL COUNTY.

Maryland in such penalty as said Build
ing Committee shall determine, eondi-
toned for the faithful discharge of the
contract entered into, which bond shall
be liable at the suit of the Board of
County School Commissioners of Anne
Arundel county for violations of it's
conditions; and said Building Commit
tee is hereby authorized and required
TO employ a skilled and competent
architect under whose control and su
peryision, as to material and workman
ship, such building shall be erected;
and said Building Committee shall pur-
chase and install such furniture and
heating plant as they may deem proper
to heat the rooms of said building.
Sec. 3. And be it enacted, That said
Building Committee upon entering into
any contract or contracts, as mentioned
in the preceding section, shall forth
with make report or reports to the
Board of County School Commissioners
of Anne Arundel county, fully setting
forth the terms and character of said
contract or contracts and the debts in
CURED thereby.
Sec. 4. And be it enacted, That to
provide for the cost of the site and
erection and furnishing of said building
and the installation of said heating
plant, the Board of County School
Commissioners of Anne Arundel county
are hereby authorized and directed to
Of ha
County Commissioners of Anne Arundel
county, who are hereby authorized and
directed to endorse said bonds, on the
credit of said county, an amount not
exceeding the sum of ten thousand dol
lars, and to issue coupon bonds there.
for in sums of five hundred dollars each,
to be signed by the President of said
Board of County School Commissioners
of Anne Arundel county and counter
signed by the Treasurer of said Board,
with the seal of said Board attached,
and said bonds shall bear interest at the
rate OF per cent. per annum, payable
semi annually on the first day OF June
and December III each year, until the
said bonds shall be paid; and said bonds
shall be forever exempt from ali taxa
CIon tor any purpose, and shall have
printed on them distinct reference to
ehis Act as authorizing the issue there
OF. And said bonds snail be issued on
che tull credit and faith of Anne Arun-
del county, and the entire taxable basis
OF the county is pledged for their pay
ment.
Sec. 3. And be it enacted, That the
Board oil County school Commissioners
OF Anne Arundel county is hereby au-
thorized and directed to retain each
and every year from the sums OF money
appropriated to them by the County
commissioners for the support of the
public schools of Anne Arundel county,
a sufficient amount OF money to meet
the interest, to create sinking fund,
to pay the principal of said bonds as
they mature until the last of said bonds
ISSUED under this Act shall have been
paid and cancelled.
Sec. d. And be it enacted, That said
bonds shall be issued in five series, each
consisting of one fifth of the amount of
dated from the first day of June, nine
teen hundred and sixteen, and shall be
as follows: The first series,
live years after date; the second series,
ten years after date; the third series,
fifteen years after date; the fourth
series, twenty years after date; the
fifth series, twenty-five years after
date; and said bonds shall be advertis
ed at least twenty days in some news
paper of Anne Arundel county, and sold
to the highest bidder, for cash, by the
Board of County School Commissioners
of Anne Arundel county, provided said
bonds shall not be sold for less than
their face value.
Sec. z. And be it enacted, That for
the purpose of redeeming the said bonds
at their maturity, and for securing the
prompt payment of the interest there
on, said Board of County School Com
missioners and their treasurer shall, for
the year nineteen hundred and sixteen,
and annually thereafter, reserve a sufi
cient sum to pay the semi-annual inter.
est on said bonds, and in addition there
to the sum of three hundred and seven
ty-five dollars to meet the maturing
principal of said debt.
Sec. s. And be it enacted, That the
three hundred and seventy-fve dollars
reserved by the said Board of
County School Commissioners and their
treasurer, as provided by the preceding
section to meet the said bonds issued
by the said Board of County School
Commissioners, as provided for in this
Act, shall be kept by them entirely sep
arate and distinct from any other funds,
and shall be accounted for by said
treasurer in his annual statement to the
said Board of County School Commits
sioners as sinking fund for the re-
lemption of said bonds at their ma
turity; and the said treasurer shall,
from time to time, deposit the same in
the Farmers National Bank of Annapo-
lis, Maryland, and the Annapolis Bank
ing and Trust Company, in equal guam
titles at three per cent. per annum in
terest, for the benefit of said fund, all
moneys belonging to the sinking fund;
and no portion of said sinking fund so
set apart shall ever be directed to any
other purpose than to the liquidation
Of said bonds; and should the treasurer
DR. any other person having charge of
he,