The Republican. [volume] (Oakland, Md.) 1877-current, 1931-07-23
CHAPTER 349.

CHAPTER 349.
AN ACT to empower and direct the
County Commissioners of Garrett
County to borrow money on the
credit of said county for the pur-
pose of erecting public school build
ings in the County of Garrett, and
heating, furnishing and equipping
the same, and to purchase or con-
denim real estate for the erection OF
the same, and for the purpose of re-
pairing and heating public school
buildings in said county and to is
sue 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
interest thereon; and providing that
before the negotiation of said loan
and the issuing of said bonds, the
question of the issuance thereof
shall be subject to the vote of the
qualified voters of said county at
the general election to be held in
said county in November, 1882.
Section 1. Be it enacted by the
General Assembly of Maryland, That
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,
and for the purpose of purchasing or
condemning real estate for the erec-
ton of the same, and for the purpose
of repairing and heating public school
buildings in said county, said County
Commissioners of Garrett County be
and they are hereby authorized, en-
powered and directed to borrow mon
ey to the credit of said county to an
amount not exceeding one hundred
and fifty thousand dollars ($150,000)
and to issue coupon bonds therefor,
the said bonds to be in sums of five
hundred dollars ($50O) and one thous-
and Isl ,000) dollars each, and to be
signed by the president of the Board
of County Commissioners of Garrett
County and countersigned by the
clerk of said board with corporate
seal of said County Commissioners at
tached to every bond so issued; said
bonds to be dated the first day of
July, 1888, and to bear interest at a
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 ($10,0O0) thereof on
July /, 1884, and annually thereafter
the sum of ten thousand dollars ($10,-
000) 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 refer
ence 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 Coun-
ty, and they shall be sold after due
advertisement by the County Commits
sioners to the highest bidder or bid,
ders.
Sec. 8. And be it further enacted
That the said County Commissioners
of Garrett County shall levy annually
upon the assessable property of sale
county a tax sufficient to pay the in.
terest upon said bonds, and in the
year 1888 they shall levy the sum Of
ten thousand dollars ($10,000) to meet
the first maturing bonds issued, anc
annually thereafter the said County
Commissioners shall levy upon the as.
sessable property of said county the
sum of ten thousand dollars ($10,O00)