The Republican. [volume] (Oakland, Md.) 1877-current, 1919-12-18
BOND ISSUE FOR SCHOOLS
Tentative Draft of Enabling Act Pre-
scented to Board of Commissioners
XnSfardau Eunninnr fn,. Annrnr-nl

held last evening copy of the ten
tative Bill proposed to be submitted
to the General Assembly of Maryland
during the session of 1920, the pro-
posed Bill having as its purpose a
county loan or bond issue of 100000
for the erection of new buildings, ETC.,
in this county, accounts of which pre-
posed loan have been given in The Re-
publican in previous issues Of the
paper.
The proposed bill is submitted to the
Board of County Commissioners for its
endorsement and will now be before
the County Commissioners until its
next regular meeting in January, it
being planned that a joint meeting
of the County Commissioners and the
County Board of Education be held on
the ewing of Tuesday, January 6, at
which time the proposed measure will
be carefully gone into and its needs
and purposes searchingly analysed by
both boards.
The County Commissioners and the
Board of Education invite suggestions
as to how the proposed measure may
be revised or improved in legal or
other ways so as to make it serve in
the best way possible the purposes in
tended towards meeting the growing
demands and needs of the county for
more adequate and modern school
buildings. Anyone having such sug-
gestions is requested to make the same
known to members of either of the
two boards before the joint meeting to
be held on January 9Th.
At the same conference in January,
the practicability of appointing a
countrywide committee to advocate
the passage of the bill and its adop-
ton at the general primaries in May,
will be discussed, and nominations for
membership of such a committee will
be received at the same conference.
The proposed law, referred to above,
reads as follows:
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 public school build
ings in the county of Garrett, and
heating, furnishing and equipping
the same, and to purchase or con-
denim real estate for the erection of
the same, and for the purpose of
repairing and heating public school
buildings in the county, and to issue
bonds for the payment of said mon
ey, and to levy taxes upon the as
sessable property of said county to
redeem such bonds and to pay the
interest thereon, to refer such ques-
ton to the voters of Garrett county.
Section l. Be it enacted, by the Cen
eral Assembly of Maryland, That for
the purpose of erecting pub
lie school buildings in the county of
Garrett and for the purpose of heat
ing, furnishing and equipping the
same, and for the purpose of purchas-
ing or condemning real estate for the
erection of the same, and for the pur-
pose of repairing and heating public
school buildings in said county, the
County Commissioners for Garrett
County,b be and they are hereby author
lied, empowered and directed to Dor
row money on the credit of said county
to an amount not to exceed two hun
bred 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
president of the Board of County Com
missioners for Garrett 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 July, 1920, and
to bear interest at the rate not exceed
ing per cent. per annum, payable
semi-annually on the first day of Jan
uary and the first day of July in each
and every year until the maturity
thereof, and the said bonds shall ma
ture as follows: Ten thousand dol
lars thereof on July l, 1928, and annu-
ally thereafter the sum of ten thous-
and 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
exempt from municipal and county
taxation in Garrett county, 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.
Sec. 3. And be it enacted, That the
said County Commissioners for Gar
rett County shall levy annually upon
the assessable property of said county
tax sufficient to pay the interest up
on said bonds, and in the year 1923
they shall levy the sum of ten thous-
and dollars to meet the first maturing
bonds issued, and annually thereafter
the said County Commissioners shall
levy upon the assessable property of
said county the sum of ten thousand
dollars for. the payment of such bonds
as annually mature 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 record the said
bonds when the same are sold, show
ing to whom the same were sold, what
price was obtained therefor, the serial
number thereof, and shall keep rec
ord upon the books of said County
Commissioners OF al bonds paid:
Sec. 5. And be it enacted. That the
County Commissioners OF Garrett