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Session Laws, 1963
Volume 671, Page 75   View pdf image (33K)
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J. MILLARD TAWES, Governor                        75

Commissioners of Wicomico County and the Board of Education of
Wicomico County singly or in addition to any other available unen-
cumbered funds to construct, alter or improve any other school proj-
ect in said Wicomico County, and if the said County Commissioners
of Wicomico County and the Board of Education deem such use un-
necessary, then such balance may in the joint discretion of said
Boards, be held as a reserve fund to be applied toward the payment
of the principal of maturing bonds issued under the provisions of
this Act.

Sec. 4. And be it further enacted, That the proceeds arising
from the sale of said bonds shall be paid over to the Treasurer of
Wicomico County, and credited by him to the County Commissioners
of Wicomico County and the Board of Education of Wicomico
County, to be used in the joint discretion of the members of said
County Commissioners and the Board of Education and under their
joint supervision and direction, and subject to their joint order, for
building or aiding in building, making additions and improvements
to and equipping the aforesaid school buildings. Said County Com-
missioners and Board of Education shall have full joint authority
to contract for, supervise, direct and control such work in such
manner as in their discretion they may deem to the best public
interest, and full power is given to them to employ and pay out of
the said funds all builders, or other persons, supervisors or agents,
as to them may seem advisable and necessary, and to pay out of the
said funds all architects employed by the said Board of Education;
and they shall divide and allot said funds to said buildings and
equipment, but not exceeding the amounts allotted or specified for
each except as to the use of said contingency fund of Fifty Thousand
Dollars ($50,000.00), and other funds provided therefor under
Section 1 of this Act as well as other unencumbered funds that may
be available to the County Commissioners of Wicomico County
and/or the Board of Education of Wicomico County for such capital
improvements during the fiscal years 1963-64 and 1964-65, which
may be allotted to any or all of said projects as said Board shall
jointly determine. Each such project is to be or have substantially
the type of improvements herein designated. Nothing herein shall be
construed as preventing said joint Boards from contracting to have
any of said improvements made or done at less than the sum herein
appropriated therefor.

Sec. 5. And be it further enacted, That for the purpose of pay-
ing the principal and interest on said bonds as they respectively
become payable and mature, the County Commissioners of Wicomico
County shall levy, for the first year following the date of the issue
of said bonds, and annually thereafter until all said bonds shall
mature and be paid, an ad valorem tax upon all the property in
Wicomico County, Maryland, subject to taxation by the County
Commissioners of Wicomico County, sufficient to pay the annual
interest on said bonds outstanding from time to time, and to pay
the principal of said bonds as they mature, said taxes to be collected
as other taxes levied in said County are collected, and to be used for
no other purpose. Said tax shall be in addition to all other taxes
authorized or limited by law. In case any of the bonds hereby
authorized shall be issued in any year after the making of the
annual tax levy for the year by the County Commissioners of
Wicomico County, the County Commissioners are authorized and

 

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Session Laws, 1963
Volume 671, Page 75   View pdf image (33K)
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