The Republican. [volume] (Oakland, Md.) 1877-current, 1922-05-25
PUBLIC LOCAL LAWS.
CHAPTER No. 466.

AN ACT to empower and dire t TIE County
Commissioners of Garrett County to borrow
money on the credit of sad county for the
purpose of erecting public school buildings
in the County of Garrett, and heating, furn-
ishing and equipping the s&me. and to pur-
chase or condemn real estate for the cree
ton of the saL4e, 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 theNeon, the Beard 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 equipping 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 are hereby authorized,
empowered and directed 70 borrow money on
the credit of said CouRfy to an amount not
exceeding Seventy-6ve Thousand t$75,00O) Dol
lars, and to issue coupon bonds therefor, the
said bonds TO be in the sums of Five Hundred
Dollars tS500l and One Thousand Dollars
$1,000 each, and to be signed by the Pres
ident of the Board of County Commissioners
tof Garrett County, and countersigned by the
Clerk of said Board with the corporate seal Of
said County Commissioners attached to every
bond so issued; said bonds to be dated the
hrst day of July, 1928, and to bear interest
at n rate not exceeding five per centum per
annum payable semi-annually on the first day
of January and the first day of July
in each and every year until maturity
thereof, and the said bonds shall mature as
follows; Ten Thousand Dollars tSl0,OOC)
thereof on July l. 1928, and annually there
after the sum of Ten Thousand Dollars t$lO.-
OOO) in every year until all of said bonds shall
have matured.
Sec. 2. And be it furthe~ enacted. That
said bonds shall have written or printed on
them a 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 adveI tisement by
the County Commissioners to the highest bid
der or bidders.
Sec. 8. And be it further enacted, That the
said County Commissioners for Garrett Coun-
ty shall levy annually upon the assessable
property of said county a tax sufficient to pay
the interest upon said bonds, and in the year
1928 they shall levy the sum of Ten Thous-
and Dollars 100000 to meet the first ma
turing bonds issued, and annually thereafter
the said County Commissioners shall levy upon
the Gssessable property of said County the
sum of Ten Thousand Dollars (S10,OOO) for
the payment of such bonds as annually mature
until the maturity of the last bonds by this
Act authorized to be issued
Sec. L. And be it further enacted. That the
Clerk of the County Commissioners of Gar
rett County shall record the said bonds when
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
missioners of all bonds paid.
Sec. 5. 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 t.
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
County Commissioners, previously in written
form having concurred in the need therefor
advertise and sell such proportionate part of
said bonds above provided to an amount
sufficient TO produce the sum designated 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
Ieven Thousand Five Hundred Dollars
1887 500 annually, and shall pay over the pro
ceeds of the sale Of said bonds t. the County
Board of Education who shall account for the
same in the same manner they account for
other monies passing through their hands