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

opened on the day and at the hour named
IN said advertisement, said proposals set
ting forth the amount OF money for which
the party proposing viii complete the
building according TO plans and speeifca.
lions, and the time or times at which pay
ment therefor shall be made, and the time
when said building shall be completed /;
and the said Building Committee may re.
geet any and all bids, or shall award the
contract to the lowest responsible bidder.
upon such bidder giving bond to the State
OF Maryland IN such penalty as said
Building Committee shall determine; con
ditional Tor the faithful performance OF
the contract entered into, which bond shall
be liable at the suit of the Board of Coun-
" School Commissioners of Anne Arundel
county Tor violations of its conditions !:
ami said Building Committee is hereby
authorized and required to employ a skill
ed aud competent architect under whose
control and supervision, as TO material
and Workmanship such building shall be
erected; and said Building Committee
shall also in like manner determine upon
the proper furnishing of the rooms of said
school building and furnish the same and
also Tor heating the same.
Sec. 3. And be it enacted, That the
said Building Committee upon entering
INTO any contract or contracts, as men.
toned in the preceding Section, shall
forthwith 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 incurred there
oy.
Sec. 4. And be II enacted, That the
erection and furnishing of said high
school building and furnishing and heat
ing the same the Board of County School
| Commissioners of Anne Arundel County
is hereby authorized and directed to Dor
row, on the endorsement of the 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 ($I0,000) dollars
and TO issue coupon bonds therefor in
sums of not less than one hundred dollars
and not more than one thousand dollars
each, to be signed by the President of
said Board of County School Commission
ers OF Anne Arundel county and counter
signed by the Treasurer of said Board,
with the seal of said Board attached, and
TO be registered by the said Treasurer in
separate book kept for that purpose;
and said bonds shall bear interest at the
rate OF per cent per annum, payable
semi annually, on the first day of July
and January in each year, until the said
bonds shall be paid; and said bonds shall
be forever exempt from all taxation for
any purpose, and shall have printed on
them distinct reference to this Act as
authorizing the issue thereof
See. 5. And be it enacted, That the
Board of County Commissioners of Anne
Arundel County is hereby authorized 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 and 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. q. And be it enacted, That said
bonds shall be issued in five series, each
consisting of one-ffth of the amount of
bonds to be issued under this Act. and
dated from the first day of June, nine
teen hundred and sixteen, and shall be
redeemable as follows: The first series,
i've years after date; the second series,
ten years after date; the third series, fif-
teen years after date; the fourth series,
twenty years after date; the fifth series,
twenty five years after date; and said
bonds shall be advertised 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 said bonds at
their maturity, and for securing the
prompt payment of the interest thereon,
said Board of County School Commission
ers and their Treasurer shall, for the year
nineteen hundred and sixteen, and an
nually thereafter, reserve a sufficient sum
to pay the annual interest on said bonds,
and in addition thereto the sum of four
hundred dollars of the principal of said
debt; and the interest on said bonds shall
be received by the Treasurer of Anne
Arundel county for taxes upon presenta-
ton of the coupons of the current year,
and the said coupons taken as payment of
taxes shall be accounted for 10 the County
Commissioners by the said Treasurer as
other vouchers and payments by him, and
thereupon burned and destroyed by the
County Commissioners.
See. 8. And be it enacted, That the
four hundred dollars annually reserved by
the said Board of County School Com
missioners and their Treasurer, as pro-
vided by the preceding Section to meet
the said bonds issued by the said Board
of County School Commissioners, as pro-
vided for in this Act, shall be kept by
them entirely separate and distinct from
any other funds, and shall be accounted
for by said Treasurer in his annual state
ment to the said Board of County School
Commissioners, and shall be kept by said
Board of County School Commissioners as
sinking fund for the redemption Of said
bonds at their maturity; and the said
Treasurer shall from +;r,a 20 +;,,o L.