The Republican. [volume] (Oakland, Md.) 1877-current, 1922-06-01
CHAPTER No. 1866.

AN ACT to empower and dire tie County
commissioners of Garrett County to borrow
money on the credit of sa d county for the
purpose of erecting public school buildings
in the County of Garrett, and heating furn-
lshing and equipping the same, and to pur-
chase or condemn real estate for the cree
ton of the SAME. and for the purpose of re-
pairing and heating public school buildings
IN SAID county, and to issue bonds for the
payment of said money, and to levy taxes
upon the assessable property of said County
to redeem such bonds and to pay the inter-
est theteon, the Board of County Com
missiOners of Garrett County to provide by
direct levy necessary funds therefor and to
refer such question to the voters of Garrett
County
Section l. Be it enacted by the General As
sembly of Maryland. That for the purpose
OF erecting public school buildings in the
County of Garrett and for the purpose of
heating, furnishing and equpping the same
and for the purpose of purchasing or con-
demning real estate for the erection of the
same, and for the purpose of repairing and
heating public school buildings in said Coun-
ty, the County Commissioners for Garrett
County be and they hereby authorized
empowered and directed to borrow money on
the credit of said County to an amount not
exceeding Seventy-five Thousand 1915 OOOD Dol
lars, and to issue coupon bonds therefor, the
SAID bonds to be in the sums of Five Hundred
Dollars $500 and One Thousand Dollars
$1,000 each, and to be signed by TIE Pres
ldent of the Board of County Commissioners
for Garrett County, and countersigned by the
said County Commissioners attached to every
bond so issued; said bonds to be dated the
first day of July, 1928, and to bear interest
at rate not exceeding five per centum per
annum, payable semi-annually on the first day
of January and the first day of July
IN each and every year until maturity
thereof, and the rs said bonds shall mature as
follows: Ten Thousand Dollars $780, OO)
thereof on July l, 1925 and annually there
after the sum of Ten Thousand Dollars (SlO,-
0OO) in every year until all of said bonds shall
have matured.
Sec. 2. And be it further enacted. That
said bonds shall have written or printed on
them distinct reference to the Act direct
ing 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 bid
der or bidders.
Sec. 3. And be it further enacted, That the
SAID County Commissioners for Garrett Coun-
ty shall levy annually upon the assessabe
property OF said county tax sufficient to pay
the interest upon said bonds and in the year
1928 they shall levy the sum of Ten Thous-
and Dollars tS1O,O0O) to meet the first ma
turing bonds issued, and annually thereafter
the said County Commissioners shall levy upon
the assessable property of said County the
sum of Ten Thousand Dollars 100000 for
the payment of such bonds as annually mature
until the maturity of the last bonds by this
Act authorized to be issued.
Sec. 4. And be it further enacted, That the
Clerk of the County Commissioners of Gar
the same are sold, showing to whom the same
were sold, what price was obtained therefor
the serial number thereof and shall keep
record upon the books of said County Com
mssioners of all bonds paid
Sec D. And be it further 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 themselves of the provisions of this Act
and OF the amount of money they will require
for the purpose aforesaid. the said beard of
fnFf nrsaas -,
form having concurred in the need therefor
advertise and sell such proportionate part of
said bonds as above provided to an amount
sufficient to produce the sum designatad by
the said County Board of Education, and as
previously concurred in by the Board of
County Commissioners for the specific pur-
pose in written form previously set forth, but
IN no event in excess of the sum of Thirty
1eyen Thousand Five Hundred Dollars
I5OO) annually, and shall pay over the pro-
Geeds OF the sale of said bonds t. the County
Board of Education who shall account for the
same IN the same manner as they account for
other monies passing through their hands.
Sec, s. And be it further enacted, That the
said County Commissioners for Garrett
County shall have the option to redeem any
or all OF said bonds outstanding after ten
years from the date Of their issue.
Sec. z. And be it further enacted That at
the general election in November 1922, there
shall be submitted to the qualified votes of
Garrett County, the GU s,on whether the
SAID bonds shall be issued, and at such gen
eral election the ballots used and cast upon
the question shall have printed or written
thereon the words For thn Bond Issue" and
"ARalst the Bond Issue" and if the major
ity OF The votes cast upon said question shall
be For the Bond Issue" then the County
Commissioners for Garrett County shall pro
coed to exercise the power vested in them by
TINS Act, and shall issue the bonds as herein
provided but if a majority of the votes cast
upon said question shall be Against the
Bond issue" then this Act shall be null and
void and said bonds shall not be issued
Sec. 3. And be it further enactad That
this Act shall take effect June lI922
Approved April 10, 1922.