The Republican. [volume] (Oakland, Md.) 1877-current, 1920-07-15
CHAPTER 1O2.

AN ACT to empower and direct the
County Commissioners of Garrett
County to borrow money on the
credit of said county for the purpose
of erecting suitable public school
buildings in the county of Garrett
and heating, furnishing and equip
ping the same, and to purchase or
condemn real estate for the erection
of the same, and for the purpose of
repairing and heating public school
| buildings in said county, and to
issue bonds for the payment of said
money, and to levy taxes upon the
accessible property of said county to
redeem such bonds and to pay the
interest thereon, to refer said ques-
ton to the voters of Garrett County.
Section /. Be it enacted by the
General Assembly of Maryland, That
for the purpose of erecting public
school building in the county of Gar
rett and for the purpose of heating,
furnishing and equipping the same,
and for the purpose of purchasing or
condemning real estate for the cree
ton of the same and for the purpose
of repairing and heating public school
buildings in said county, the County
Commissioners for Garrett County, be
and they are hereby authorized, en-
powered and directed to borrow money
! on the credit of said county to an
amount not exceeding two hundred
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 Commissioners
for Garrett County, and countarsigned
by the Clerk of said board with the
| corporate seal of said County Com
missioners attached to every bond so
issued; said bonds to be dated the
first day of July, 1920, and to bear
interest at a rate not exceeding 5
per cent per annum, payable semi
annually on the first day of January
and the first day of July in each and
| every year until the maturity thereof,
and the said bonds shall mature as
follows: Ten thousand dollars thereof
| on July l, 1925, and annually there
| after the sum of ten thousand 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 at less than par value.
| Coo . Anl h. a
said County Commissioners for Gar
rett County shall levy annually upon
the assessable property of said county
tax sufficient to pay the interest
upon said bonds and in the year 1925
they shall levy the sum of ten thous-
i 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. A. And be it enacted, That the
clerk of the County Commissioners of
Garrett county shall record the said
bonds when the same are sold showing
to whom the same were sold, what
price was obtained therefor, the serial
number thereof and shall keep a rec
ord upon the books of said County
Commissioners of all bonds paid.
Sec. 5. And be it enacted, That the
County Commissioners of Garrett
County shall, when notified by the
| County Board of Education 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-