Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1920-09-01
Proclamation

Whereas ut the january Session. s@o' OF
the General Assersbly Of Maryland an
Act was Passed known Is Chapter $50
Of Said Acts and which is in the Words
and Figures Following;
CHAPTER $50.
AN ACT 10 authorize and direct the Bosrd
Of Education OF Anne Arundel county
to borrow money upon the credit oi
said county 20 pay the erection " new
public school buildings and additions 70
public school buildings. and the equipping
Of such new buildings. additions IN
Anne Arundel County: to issue bonds
therefor, endorsed by the County COM
missioners of Anne Arundel County. and
and authorizing and directing sala
County Commissioners 10 levy tax sur
ficient In each and every year 20 create
a sinking fund TO pay said bonds at
maturity and TO pay the semi-annual IN
terest thereon; and providing tor the
expenditure of the proceeds OF said bohn
issue for public school buildings ana
equipment.
Whereas The need of new aud modern
public school buildings IN certain localities
In Anne Arundel County and Of remodel
ing or enlarging existing structures, rs ia.
county--of school age-should have opror-
tunities as equal as may be 10 receive pub
lie school instruction In heaitlful aud conl-
Portable buildings. and
Whereas IL is TO the public iaterest aud
for the direct benefit Of the whole citizen
ship OF said comfy THAI an adequate fund
under proper control ms 20 expenditure,
should be provided by authority of the
present session of the General Assembly Of
MarVland. for The construction or
iargng Of public school buildings IN Anne
Arundel Comfy and that waSfeful and un-
| Just methods of erecting or improving
said buildings should be eliminated. aud
Whereas Whenever consolidation of
nnhlir GfnnfG IN
| the said county may he practicable aud
necessary, unreasonable delay in effect
| ing such consolidation would result by
direct taxation imposing too heavy n bar
den on the taxpayers.
Section 1. BE IL enacted by the General
Assembly of Maryland, That the Board az
| Education Of Anne Arundel County. In or
der to provide necessary funds for the
erection Of new public school buildings
and for additions to public school build
| ings and for furnishing and equip
ping the same in said county. is hereby
| authorized and directed to borrow money
/ on the credit of said county, and TO is
/ sue and sell bonds therefor in the aggre
gate sum of one hundred and fifty thous-
and ($l50,0001 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
/ tied and required to give. Zach of said
| bonds shall be In the sum of Que thousand
/ dollars $1,000. and they shall be number
/ ed from One I'd TO One Hundred aud Fifty
l t150) both Inclusive, and bear date the
| first day of July, in the year nineteen
hundred and twenty G920) and be payable
thirty 600 years from the date Of issue.
| said bonds snail be signed by the Presi-
/ dent of the Board of Education of Anue
/ Arundel County and countersigned by the
/ County Superintendent Of Schools, as the
/ executive officer of said Board with the
i 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 countersiru
\ by the clerk thereof, with the corporate
/ seal of the said County Commissioners at
| tached, and said bonds are expressly de-
| clared to be Il direct obligation upon Anne
Arundel County.
| the said bonds shall bear interest ut an
| annual rate and not exceeding five per
cent % per cent? payable semi annually
/ upon the first day of January and July in
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 he
/ known "Anne Arundel County Public
! School Building Bonds" and this shall he
printed or Autographed on each bond with
| a reference to this Act rs authorizing the
| same. The Board of Education of Anne
j Arundel County and the County Commits
| sioners of Anne Arundel County are here
by expressly authorized to do any and all
| acts and things in connection with said
L
| validity TO said bonds. The Board OF Edu-
| cation of Anne Arundel County is hereby
| directed and empowered to sell and dis
1 pose of the bonds herein authorized nj
| public sale to the highest bidder or bid
| ders therefor for cash, after thirty (30)
days public notice by advertisement pro-
yided the said bond issue or any part
/ fnere0f shall not be sold for less than par
and accrued interest: and the sale or part
or all of said bonds shall he made at such
| time and in such amount as the said Board
| shall deem advisable TO carry out the OBJ
| iects OF this Act.
See. 3. And be it further enacted. That
| the said County Commissioners of Anne
/ Arundel County are hereby authorized and
| required to levy upon the assessable prop
erty of said county Mt the period of max
] ing the annual levy. in each and every
year, while the said bond issue is ont
| standing, sum sufficient to pay the in
terest thereon as II may be due and pay
4 aDle, and the fuIther sum of three thOus-
and t%'000.00l dollars to create a sinking
fund to redeem and retire the said bonds
| at maturity. The said sinking fund shall
ie divided and deposited I'm such proper
ton as the Public School Building Com
mission may designate in the Farmers
! National Bank of Annapolis. the Annapolis
i Savings Institution. the ANNAPOLIS Bank
! ing and Trust, Company. and the Anna
| polls BaDk of the Eastern SlIr0e Trust
/ Company. The said banks shall allow in
| ierest on the amount of the sinking fund
| 80 deposited In the respective banks nc the
| rate OF not less than four az per centum
| Der annum from the date Of such deposit.
which interest shall be added to and be-
come a part Of the sinking fund herein
created.
Sec. 4. And be it further enacted That
4 for the purpose of designating what public
| school building shall be erected in said
county or alterations. additions or repairs
/ exceeding cost of three hundred $500
/ dollars shall be made to existing school
1 buildings. there is hereby created a com
mission 70 be knowa as the Public School
Commission CBuilding) of Anne. Arundel
County to be composed as follows of
1 the seven members of the said Board of
1 County Commissioners, or the successors
1 of any of them; three 90 members of the
/ Board of Education or the successors Of
| any of them: one person resident in the
| Fifth Election District of said county, to
| he selected by the ten members OF the
1 Commission, the County Superintendent of
Schools shall be secretary. Said commits
sion, shall organize as soon as conveniently
may be after the passage Of this Act and
shall name IN executive committee of four
/ including two members of the Board Of
/ County Commissi )ners. one member of tho
County Board of Education and the mem
Der of the Building Commission from the
/ Fifth District, of which said executive
/ committee the County Superintendent Of
| schools shall be secretary
Soc. . And be ii further enacted, That
il shall be the duty of the said executive
] rom ~ fFur ella