The daily banner. (Cambridge, Md.) 1897-2008, 1920-03-26

The proposes of the bill introduce
| ed in the Senate on wednesday
March 18th, by Senator Gibson, pro-
posing a bond issue of $35O,OOO for
| the county are set forth in the title
| to the bill as follows:
AN Act to authorize and empoW-
er the County Commissioners OF Dor
chester County, Maryland, to issue
| bonds to the amount of $350,000 for
| the purpose of making general I'M
| provements in said Dorchester Coun-
| ty, to-wit: For the purpose of pur-
chasing land for public school sites,
erecting Il new public High School
building i'll Cambridge, and building
repairing, renOYating, or eniarglng
| old public school buildings through
out Dorchester county; building ana
maintaining Il new and modern
bridge over Cambridge Creek, IN sald
town of Cambridge, connecting East
Cambridge with Cambridge proper;
and constructing, improving ana
maintaining the public county roads
and bridges in said Dorchester coun-
ty, and to levy and collect tax up
on the assessabIe property of Dor
chester County, as same shall ma
ture"
The bill does not contemplate is
suing all of these bonds at one time
but authorizes the Commissioners
from time to time to determine the
amount or amounts of the loan aut-
orized by this Act which shall, from
time to time, be issued" 1t also
provides that the interest rate shall
not be greater than five per cent.
and provides that the bonds shall be
redeemed and paid off at period
not later than thirty-five years from
date of their issue. 1t also proYld-
es that the Commissioners shall each
year levy a sum sufficient to meet
the interest and shall likewise levy
upon the aSsessable property OF the
county a sum sufficient to meet the
principal of said bonds at their ma
turity." The bonds are to be eX-
empt from all county and municipal
taxes.
OF the bond issue the sum OF
S15O,OOO of the proceeds is to be
paid over to the Board of Education
for the purposes previously stated,
namely, the requirement OF sites,
erection of new buildings, new High
School building in Cambridge and
the repairing, renovating or en-
larging of other schools in the coun-
ty. The money for the Cambridge
High School building is to be spent
by a commission composed of 1--WE
men, two of whom shall be from the
minority party, who shall be citizens
of Dorchester County; who shall be
appointed by the County Commis-
sioners of Dorchester County; who
shall have the power to fill all va
cancies in said Commission, caused
by removal, resignation, or any
other cause" This Commission is
to be appointed on or before the first
day of July and is to organize With
in ten days from the time OF ap-
pointment and is to be supplied by
the Board of Education with the
funds necessary to employ clercial
help and for such other expenses as
the Board of Education may seem
proper and necessary.
That 100000 of the rest and
residue of the proceeds arising from
the sale of said bonds, shall be en-
ployed and expended by the said
County Commissioners for the pur-
pose of building and maintaining a
new and modern bridge over Cam
bridge Creek, in said town Of Cam
bridge, connecting East Cambridge
with Cambridge proper; and in con-
structing. improving and maintain
ing the public county roads and
bridges in said Dorchester county,
as provided in this Act, and for no
other purpose whatever, at such
times and in such manner as shall
be deemed expendient by the said
County Commissioners.