The Republican. [volume] (Oakland, Md.) 1877-current, 1924-10-23
SUPERVISORS ELECTION NOTICE

by authorized, empowered and direct
ed to borrow money on the credit of
said county to an amount not exceed
ing one hundred thousand dollars
tS10O,C0O), and to issue coupon bonds
therefore, the said bonds to be in the
sums of five hundred dollars (S50O)
and one thousand dollars $4,000
each, and to be signed by the presi-
dent OF the Board OF County Commits
sionerS for Garrett County, and coun-
tersigned by the clerk Of said Board,
with the corporate seal OF said Coun-
ty Commissioners attached to every
bond so issued, said bonds to be
dated the first day of July, 1925, and
to bear interest at a rate not exceed
ing five per centum per annum, pay
able 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 ma
ture as follows: Ten thousand dol
lars (S1O.0OO) thereof on July /. 1928.
and annually thereafter the sum OF
ten thousand dollars (S10,G00) in
every year until all of said bonds
shall have matured.
See. 2. And be it further enacted,
That said bonds shall have written or
printed on them a distinct reference
to the Act directing the issue of the
same, and that said bonds when is
sued shall be exempt from state, mu-
niciple and county taxation in Garrett
County, and they shall be sold after
due advertisement by the County
Commissioners to the highest bidder
or bidders.
Sec. 3. And be it further enacted,
That the said County Commissioners
for Garrett County shall levy annu-
ally upon the assessable property of
said county tax sufficient TO pay the
interest upon said bonds, and in the
year 1928 they shall levy the sam of
ten thousand dollars $50, 000) to meet
the first maturing bonds issued, and
annually thereafter the sal COUNTY
Commissioners shall levy upon the
assessible property of said county the
sum Of ten thousand dollars (S10,000)
for the payment of such bonds as an
nually 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 Com
miss;oners of Garrett County shall
record the said bonds when the same
are sold, showing to whom the same
were sold, what price was obtained
therefor, the seriel number thereof,
and shall keep a record upon the
books of said County Commissioners
of all bonds paid.
Sec, 5. And be it further enacted,
That the County Commissioners of
Garrett County SHALL when notified
b. the Garrett County School Build
ing Commission hereinafter created
that they desire to avail themselves
Of the provisions Of this Act and Of
the amounty Of money they will re-
Quire for the purpose aforesaid, the
said Board of County Commissioners
shall advertise and sell such proper
tionate part of said bonds as above
provided to an amount sufficient to
produce the sum designated by the
said Garrett County School Commits
sion, but in no event in excess Of the
sum of twenty-five thousand dollars
(S25,000) annually, and shall pay
over the proceeds Of the sale of said
bonds to the said Garrett County
School Building Commission, who
shall account for the same in the
same manner as they account for
other monies passing through their
hands.
SEES. 6, And be it further enacted,
That George D. Browning, Robert L.
Wilson, Norville Speelman, Charles
A. Bender and Henry NJ. Speicher, all
of Garrett County, be and they shall
constitute a commission to be known
as the Garrett County School Build
/ ing Commission. In case of vacancy
in said commission because of death,
refusal to act, resignation or other
wise, of any of the members thereof
the said vacancy shall be filled by
majority of the remaining members
of said commission. All Of said men,
bers shall serve without compensa-
ton but they shall be reimbursed for
the actual expenses incurred in the
performance of the duties imposed
upon them by this Act.
The said Garrett County School
Building Commission shall purchase
the sites and build or repair school
buildings under the provisions of this
Act, and expend all of the funds
which are paid over to said commits
sion under Section of this Act The
provisions of this Act shall be con-
strued as additional and supplement-
airy to, and not in substitution or in
conflict with, any of the provisions of
the general laws of this State re-
lating to public schools, and the pow
ers of the State Superintendent of
Schools, in regard to plans, construc-
ton and erection of public school
buildings.
Sec. Z. And be it further enacted,
That at the general election in No
vember, 1924, there shall be submit
ted to the qualified voters of Garrett
County the question whether the said
/ bonds shall be issued, and at such
general election the ballots used and
cast upon the question shall have
printed or written thereon the words
For the Bond Issue" and Against
the Bond ISSUE" and if majority of
the votes cast upon said question
shall be "For the Bond ISSUE" the
County Commissioners for Garrett
County shall proceed to exercise the
power vested in them by this Act, and
shall issue the bonds as herein pro-
vided; 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. 8. And be it further enacted.
That this Act shall take effect June