Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1920-09-23
CHAPTER $50.

CHAPTER $780,
AN ACT to authorize and direct the Board
If Education OF Anne Arundel County
to borrow money upon the credit OF
said county TO pay the erection OF new
public school buildings and additions to
pHblic school buildings, and the eqnippihg
Anne Arundel County; to issue ponds
therefor, endorsed by the County Com
Elissioners of Anne Arundel County, and
ana authorizing and directing ssio
hcient In each and every year TO create
sinking fund TO pay said bonds al
maturity aud 10 pay the semi-annual IN
terest thereon: and providing for tho
expenditure OF the proceeds of said bono
issue for public school buildings ane
equipment.
whereas, The need OF new and modern
public school buildings in certain Localities
| Ia Anne Arundel County and 81 remodel
| lrl. or enlargipg existing structures. Is i'm
perative, and al the children Of saiu
county--uf school age-should have oppor-
tunities as equal as may be to receive pub
ic school INSTRUCTION In healthful ana COM
! portable buildings; and
Whereas. II is 20 the public interest and
| For the direct benefit OF the whole citizen.
ship of said county that Rn adequate fund
under proper control as TO expenditure.
| should be provided by authority Of tir
| present session of the General Assembly OF
| Maryland for the construction or en-.
iarring OF public school buildings in Anne
| arundel County aud that wasteful and I'M
| lust methods Of erecting or improving
said buildings should be eliminated; and
! Whereas. Whenever consolidation of
| public schools in any particular, section OF
| tie said comfy may be practicable and
necessary, unreasonable delay in erect
| log sach consolidation would result by
lifert taxation imposing too heavy bur
/ len on the rxpayers
| Section ]. BE 1t enacted by the General
Assembly of Maryland, That the Board of
Education Of Anne Arundel County. in or
| Ter 10 provide necessary funds for the
rectiOn Of new public school buildings
ma for additions to public school build
tngs and for furnishing and equip
/ ring the same IN said county, is hereb.
| authorized aud directed to borrow money
| IN the credit Of said county, and 10 is.
/ sue and sell bonds therefor in the aggre
/ gate sum OF one hundred and fifty thous
/ md (Si50090l dollars: said bonds TO be-
| endorsed by the County Commissioners O.
| Ahne Arundel County. which endorsement
| he said poard OF County Commissioners
| II y ane Arundel Couety, is hereby author
zed ard required to give Each OF saif
/ bonds shall be IN the sun Of one thousand
| lollars Isl 000l, and they shall be number
| a from one "a 20 One Hundred aud FIT,
1900 both inclusive. and hear date tn
irst day Of July. In the year nineteel
i hundred and twenty (I920l and be payabl
hirty (S0 years from the date of issue
| Raid bonds snall be signed by the Presi
I NrUndef County and conatersigued by the
,ounty Superintendent Of schools. rs To
xecutive officer Of said Boar1 with th'
corporate seal Of said Board attached. al'
| the endorsement thereof by the Count,
commissioners Of Anne Arundel County
| hall be Signed by the President of sal,
county Commissioners. and countersigne,
~ the clerk thereof, with the corporate
zeal of the said County Commissioners at
ached, and said bonds are expressly de.
| Jared 10 be 4 direct obligation upon Anne
ARUNDEL County.
See - And>be il further enacted. That
he said bonds shall bear interest at ar
annual rate and not exceeding five PEI
ent Is per cent? payable semi annually
upon the first day OF January aud July II
'ach year. and said bonds shall be eSemp;
rom taxation for county and municipal
purposes when held by citizens OF the
state of Maryland. The bonds shall be
Saown as Anne Arundel County Public
;chool Buiiding Bonds" and this shall bs
rinted or Autographed on each bond. with
reference 10 fbiS Act as authorizing the
same. The Board OF Education of Anne
ARUNDEL Ceuuty and the County Commits
sioners Of Anne Arundel County are here
~ expressly authorized 10 do any and 2
3cts and things in connection with said
bond Issue that may be proper. 10 Civ,
validity 10 said bonds The Board OF Edu-
alton OF Anne Arundel County is hereby
directed and empowered 10 sell and dis
,aSe Of the bonds herein authorized: al
3ubIic sale TO the highest bidder or bid
lers therefor for cash, after thirty t30l
lays public notice by advertisement pro
viaied the said. bond Issue ar any par
hereof shall not be Soid for less than pa
>nd accrued interest; and the sale or par
81 all Of said bonds shall be made az such
sine and in such amount SIS the said Boarg
shall deem. advisable 20 carry OFT the oh
;ects of this Act.
Sec 8 And be it further enacted. Thss
the said County Commissioners Of Anns
Arundel County are hereby authorized ant
required 10 levy upon the sssessable prop
s-ty Of said county at the period Of max
lug the annual levy. in each and ever
wear. while the said bO1d issue is out
standing. a sum sufficient 10 pay the in
terest thereon as it may be due and pay
able and the further sum Of three thous
and ($S.000.0 0l dollars 10 create a sinking
fund TO redeem and retire the said bonds
at maturity. The said sinking fund shall
he divided and deposited in such proper
ton rs the Public School Building Com
usfSsfOa may designate IN the Farmers
National Bank Of Annapolis, the Annapolis