The Republican. [volume] (Oakland, Md.) 1877-current, 1929-01-03
BILL TO RAISE MONEY
Continued from Page One)


CONTINUED from Page One)
for the purpose of erecting public
school buildings in the County of Gar
rett and for the purpose of heating,
furnishing and equipping the same,
for payment of any school building
and heating plant erected and in
stalled since June /, 1928, and for tbs
purpose of purchasing or condemnlng
real estate for the erection of the
same, and for the purpose of repair
ing and heating public school build
ings in said County, the County Com
missioners for Garrett County be and
they are hereby authorized, empow-
cred and directed to borrow money on
the credit of said County to an amount
not exceeding One Hundred Fifty
Thousand Dollars ($150,000) and to
issue coupon bonds therefor, the said
bonds to be in the sums of Five Hun
dred Dollars ($500) and One Thous-
and Dollars ($1,000) each, and to be
signed by the president of the Board
of County Commissioners for Garrett
County, and countersigned by the
Clerk of said Board with corporate
seal of said County Commissioners
attached to every bond so issued; said
bonds to be dated the first day of
July, 1929, 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 said bonds
shall mature as follows: Ten Thous-
and Dollars (S10,000) thereof on July
1, 1888, and annually thereafter the
sum of Ten Thousand Dollars (S10,-
O00) 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 a distinct reference
to the Act directing 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 adj
vertisement by the County Commits
sioners to the highest bidder or bid
ders.
SEC. 3. And be it further enacted
That the said County Commissioners
for Garrett County shall levy annual
ly upon the assessable property Of
said county a tax sufficient to pay the
interest upon said bonds, and in the
wear 1888 they shall levy the sum Of
Ten Thousand Dollars ($10,000) to
meet the first maturing bonds issued,
and annually thereafter the said
County Commissioners shall levy upon
the assessable property of said Coun-
ty the sum of Ten Thousand Dollars
($10,O00) for the payment of such
bonds as annually mature until the
maturity of the last bonds by this
Act authorized to be issued.
SEC. A. And be it further enacted,
That the Clerk of the County Com
missioners of Garrett County shall re-
cord the said bonds when the same are
sold, showing to whom the same were
sold, what price was obtained there
for, the serial 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 Board of County Commits
sioners of Garrett County SHALL when
notified by the Board of Education of
Garrett County that it desires to avail
itself of the provisions of this Act and
of the amount of money it will require
for the purpose aforesaid, the said
Board of County Commissioners shall
advertise and sell such proportionate
part of said bonds as above provided
to an amount sufficient to produce the
sum designated by the said County
Board of Education, and shall pay
over the total proceeds of the sale OF
said bonds to the County Board OF
Education which Board snail account
for the same in the same manner as
thev account for other monies passing
through their hands.
SEC. 6. And be it further enacted,
That the said County Commission
ers for Garrett County shall have the
option to redeem any or all OF SAID
bonds outstanding after three years
from the date of their issue.
SEC. 7. And be it further enacted,
That this Act shall take effect June
1, 1929.
The Referendum.
Parts of the Referendum as set out
in the acts of the General Assembly
of Maryland of 1914, is quoted below:
SEC. 1. (a). The people reserve to
themselves power known as The Ref
erendum, by petition to have submit
ted to the registered voters OF the
State, to approve or reject at the
polls, any Act, or part of any Act of
the General Assembly, if approved by
the Governor, of, if passed by the
General Assembly over the veto OF
the Governor:
SEC. 2. No law enacted by the Cen
eral Assembly shall take effect until
the first day of June next after the
session at which it may be passed, I'M
less it contain a Section declaring
such law an emergency law and nee
essary for the immediate preserva-
ton of the public health or safety,
and passed upon yea and nay vote
supported by three-fifths of all the
members elected to each of the two
Houses of the General Assembly; pro-
vided, however, that said period OF
suspension may be extended as pro-
vided in Section 3 (bl hereof. If
before said first day of June there
shall have been filed with the Secre-
tary of the State petition to refer
to vote of the people any law or part
of a law capable of referendum, as in
this article provided the same shall
be referred by the Secretary of State
to a vote, and shall not become law