Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1920-09-16

! the General Assembly Of Maryland an
| Act was Passed known as Chapter $50.
Of said Acts aad whieiris ia the Words
! and Figures Following
CHAPTER so.
/ ~ ACT 20 authorize aud direct the Board
/ 81 Education 81 Anne Arundel County
| 10 borrow money mon the credit OF
ssid county 10 pay the erection OF new
| public school buildings and additions 10
public school buildings and the equlpping
| Of such new buildings. or additions ~
/ Anne Arundel County; 10 Issue Dvhds
therefor. endorsed by the County Com
missioners ~ Anne Arundel County, and
aud Authorizing anu directing said
/ County Commissioners to levy tax SUI
rcient IN each and every year 10 create
! 3 sinking fund to pay said bonds at
1 maturity and TO pay tie semi annual IN
tefest thereon and providing Tor the
| expenditure II The proceeds % said bond
/ issue FOR public school buildings and
equipment.
| Where's, The need Of new and modern
| public school buildings in certain localities
| ia Anne Arundel County and Of remodel
/ ne ~ enlarging existing structures. Is i'm
| perative. aud All the children OF sald
1 county Of school age-shonld have oppor-
lunities az equal as may be 70 receive pnb-
| lie school instruction ia healthful and com
| Portable buildings: and
whereas, 1t is to the public interest and
| FOR the direct benefit Of the whole citizen
| ship Of said county that an adequate fund
| under proper control AZ TO expenditure,
shOuid be provided by authority of the
| present session Of the General Assembly Of
| Maryland for the construction or en-
larGiaE Of public school buildings in Anne
| Arundel County aud that wasteful and I'M
| just methods OF erecting or improving
! said holdings should be eliminated; ana
| Whereas Whenever consolidation OF
| public schols IN any particular section OF
IAbe said county may be practicable ana
IL. N.uH1
Ing sneh consolidation would result, by
! direct taxation imposing too heavy bur
den on the taxpayers
| Section l. Be IL enacted by the General
| Assembly OF Maryland That the Board of
| Education Of Anne Arundel County. in or
| der 10 provide necessary funds for the
| erection Of new public school buildings
and for additions 10 public school build
/ ings and for furnishing and equip
ping the same ia said county is hereby
| authorized aud directed To borrow money
| on the credit Of said county and TO is
| sue and sell bonds therefor in the aggre-
| gate sum ca one hundred and fifty th0us-
| and tS150000) dollars; said bonds TO be
| endorsed by the County Commissioners OF
| Anne Arundel County, which endorsement
the said Board of County Commissioners
| Of Anne Arundel County. is hereby author
| ICED and required TO give. Each of said
| bonds shall be in the sum of one thousand
| dollars Isl 0001, and they shall be number
| I'd from One % TO One Hundred and FIFTY
| l50) both inclusive, and bear sdate the
| v
| hundred ard twenty $500 and be payable
! thirty 500 years from the date Of issue.
| Said bonds snail be signed by the Presi-
dent of the Board of Education of Anne
| Arundel County and cOuGtersigned by the
| County Superintendent of Schools, as the
| executive officer of said Board with the
| corporate seal of said Board attached. and
| The endorsement thereof by the County
| Commissioners of Anne Arundel County
| shall be signed by the President of said
| County Commissioners. and countersigned
Mi IA
seal Of the said County Commissioners at
| tached. and said bonds are expressly de-
Jared TO be direct obligation upon Anne
| Arundel County
See . And be ID further enacted, That
| the said bonds shall bear interest at an
annual rate and not exceeding five per
| cent @ per cent? payable semi annually
upon the first day tof January and July ia
| each year, and said bonds shall be exempt
| from taxation for county and municipal
purposes when held by citizens of the
state of Maryland The bonds shall be
| known as Anne Arundel County Public
school Building Bonds, and this shall be
| printed or autographed on each bond, with
a reference TO this Act as authorizing the
same. The Board of Education of Anne
Arundel County and the County Commits
| sioners of Anne Arundel County are here
| by expressly authorized to do any ana az
| acts and things in connection with said
| bond issue that may be proper. TO give
validity TO said bonds. The Board of Edu-
cation or Anne Arundel County is hereby
| directed ana empowered 10 sell ana us
pose of the bonds herein authorized. al
public sale 20 the highest bidder or bid
| sers therefor for cash, after thirty 600
DAYS public notice by advertisement pro-
vided the said bond issue or any part
hereof shah not be sold for less than par
md accrued interest; and the sale or part
IT all of said bonds shall be made a such
| time and In such amount as the said Board
| shall deem advisable to carry out the OBJ
| iects of this Act.
Sec. 3. And be it further enacted, That
| he said County Commissioners of Anne
Arundel County are hereby authorized and
cequired to levy upon the assessable prop
erty of said county ~ the period of max
| ing the annual levy, in each and every
wear. while The said bond issue is out
standing. a sum sufficient TO pay the in
| ,erest thereon as IL may be due and pay
able and the further sum of three thous-
| and (S3,0o0.00) dollars to create sinking
| fund TO redeem and retire the said bonds
| at maturity. The said sinking fund shall
| de divided and deposited in such proper
| ton as the Public School Bullding Com
mission NAV designate In The Farmers
| National Bank OF Annapolis, the Annapolis
| Savings Institution. the Annapolis Bank
| ing and Trust Company, and the Anna
coils Bank OF the Eastern Shroe Trust
| Company. The said banks shall allow In
| teTest on the amount Of the sinking fund
/ 60 deposited In the respective banks at the
| rate of not less than four t4I per centum
per annum from the date of such deposit
which interest shall be added to ana be-
| come part OF the sinking fund herein
created.
See. 4. And be il further enacted. That
! for the purpose of designating what public
| school building shall be erected in said
| ,ounty or alterations. additions or repairs
/ exceeding cost of three hundred tSi00l
| dollars shall be made TO existing school
/ buildings, there is hereby created a com
| mission 20 he known as the Public School
! Commission (BuldingD@ of Anne Arundel
/ County" to be composeda as follows: OF
| he seven members Of the said Board OF
| County Commissioners. or the successors
/ Of any Of them; three 90 members of the
Board of Education the Successors OF
| any of them; one person resident ia the
| Fifth Election District Of said county 10
be selected by the ten members az the
| Commission. the County Superintendent OF
| schools shall be secretary. Said commits
| sion, shall organize IS soon rs conveDieutly
| nay De after the passage Of this Act. and
| shall name an executive committee Of four
! including Two members of tie Board OF
| county Commits ii )ners, enc member Of the
| county Board Of Education and the mem
Der of the building Commission from the
| flfth District, of which said executive
committee the County Superintendent OF
Schools shall be secretary.
Sec. .. And be il further enacted That