The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1922-07-21
CHAPTER NO. 1903
ACHOOL BOND ACT

SCHOOL BOND ACT
AN ACT 10 authorize and direct the County
Comm ssi0ners Of Hartford County, Maryland
to iasus bofdA for the purpose OF paying ior
new public school bulldlDgsi or Tor rensodsl-
Ing and consolidating school buildings OF
for the equipment Of same, IN Hnrfoin
County. Maryland. and providing for rsf-
ersndum vote on said proposed bond lhaus,
WHEREAS. For years past many OF the
schools OF Hartford County have besh ovsr-
crowded, and II has been found ifnpoenibia 70
raise sufficient school funds from current tax
alton to adequately supply the need for new
and Improved school baIldinssi therefore
SECTION /, be u enacted BY the Genera,
Assembly OF Maryland. That for the purpose OF
building new public school buildings,., Of im.
proving and repairing old school buildings, OF
reuoyInr rsInodeiins, consolidating, Or eaulp-
ping tho Aame In Hartford County. maryland,
tho County Commissioners o. hnrtoru souny ,
DO and ahsy are hereby authorized. empoweren
and directed 10 issue serial bonds upon the
faith and credit Of said Hartford County, 70
10 signed by thu President Thereof, and at
tsnted by the Treasurer Of said harforu couh-
IN, and this seal Of said County Comm fasteners
attached thereto, TO be known as fubiIe
School Improvement Bonds Of Hartford County
Maryland" ..a
That the amount Of said bonds shall not sNees .
In tho aggregate sum Of two hundred and hity
thousand ts2bO. 000D dollars. 10 DO Issued w ds-
n0plnati ona OF one hundred dollars or any Inui,
tlpIs thereof, on the faith and credit o. hartofn
County, Maryland said honas 70 " nss ',sy
dated and to draw interest from the hrst DAY
Of January Of the year following the rsiersn-
dunn vote, provided for In section hsreih iol-
Dwlng. baid bonds 10 DO exsi1pt from stats.
county and municipal taxation, 10 bsnr ih'Htss'
al \ rate not exceeding ak par eentnm pnr NJ,
mum, payable on the frat days 81 July ana
January Of each year and 10 be 80 Issued thht
twelve thousand FIVE hundred tsiE,boj uons,s
Of said bonds shall MIXTURE and become phSsp,s
-. tlxa fHt
OF issue of said bonds and twelve thousand I'VE
sunared Isi2,LOHl dollars on January lot each
year thereafter, until tho sniire Issue . -.
shaiI have matured and been paid and naid
hands nhell be sold after due advertisement, W
no highest bidder or bidders and said Com
inlssioners stall have the right to reject any or
all bids. $3.50 ...,
That tho County Commissioners o. nh.'o'"
County be and they are hereby authorized ~.
dIre,,ieI 10 hwy annually IN tie Ia" ~ ~
ty OF nald county, n sum Of money sufficient
10 my ihs interest 90 sud BONUS ni' W "
deem said bombs - they mature snu sssp'h 10
ilko manner ~ othsr taxes in said county, hhi
when collee,sd shall 10 applied 20 the paymsnI
OF the interest on said bobds nha :" wi
redemption VI said bonds ~ thny "a'"'s h"a
VI sECriok /, Ard be II further enacted
ThN. when sald bonds are properly prepared
and duly executed rs described. the County
Commissioners Of Hartford County gre hsreby
a,,thorizesl and required 10 sell said bonuH 70
ths best possible advantage at public or pr.
yats Asle, at such time or times ana ~ snen
amounts, and On surh notice ~ thsy nhy ueh,''
heat. al not less than par and accrued ihtereht'
provided that said bonds shell DC so'd ~ lou
ileee Of rejecting any and all bids, ana we
money arising from the sale OF SaF bohah
shall bo kept by the County TrsssuLcr "
separate fund known o. Public henoo, VT ~.
AZ HarfaFd EpuutY.' 10 De
usei for the purpose. Of paying for sites ior
new school houses, building new school houses,
and purchasing equipment for SEINE hnpryy-
lng and repairing old school houses or ihs
consolidation and squlpplng the same 10 Hsr'
ford County. Maryland the said money arts
inV f,om the sale OF said bonds SHAH " So
pendsd In the discretion Of the Board o. raw
cation or duly constituted school AUTHORIZES
sETTION 8. And be II further enacted
That the proceeds frofn the sale OF bonds here
tofore provided for, shall bs paid by the Treas.
urer OF Hartford County 10 the Treasurer o.
,be Boa nd Of Education NJ HaTford County on
= reauIsltion from the Board Of Eduratlon Of
Hsrfnrd County az other funde are paid oni:
and the said Board of Education 81 Hartford
County Il hereby authorized 70 make rs!nis'-
tlon on sald County Commissioners and the
sajd County Commissioners are hereby directed
10 psy oysr the sum realized from the sale o.
bonds. less expense IN preparing a1d ISSUING
said bonds. In accordance with the pfosislohs
o. this Act. and ths Board o. Ds s sssn, q
on fhs fnrds NJ received. Hnd Of the sAfspdf
lures thereof. and shall make tesallsd State
rpept TO the citizens Of Hartford County, MARY.
land. Of the tire OF publication OF ihs annual
psn.iitnres OF funds derived from this Art Tor
ths fiscal year eoyersI by the said annual rs-
port -.
That shs question whether said Public School
i,on,ovsrnsnt Houda al Hartford County. Nary