JOHN WALTER SMITH, ESQ., GOVERNOR.
CHAPTER 136.

169

AN ACT to repeal Act of eighteen hundred and ninety-six,
Chapter one hundred and ninety-three, and to authorize the
County Commissioners of Kent County to provide for the
building of a Public School-house in Chestertown, and to
issue bor ds to pay for the same, and to levy an annual sum
to pay such bonds and the interest thereon as they mature,
and to appoint a commission for building and equipping
the said school-house.

Build
public school-
house in Ches-
tertown.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That the County Commissioners of Kent County are
hereby authorized in their discretion to borrow on the credit
of said county an amount not exceeding twenty thousand dol-
lars, and to issue coupon bonds therefor, in sums of not less
than one hundred dollars, to be signed by the president of
said Board of County Commissioners and countersigned by
the Clerk thereof, and under the corporate seal of said Com-
missioners, bearing interest at a rate not exceeding five per
centum per annum, payable semi-annually on the first day of
July and on the first day of January of each year, which bonds
shall be exempt from all county and municipal taxation, and
the due or overdue coupons for interest shall be received by
the Treasurer of said county in payment of county taxes.
Said bonds shall be payable in sums of one thousand dollars
in each of the years beginning with nineteen hundred and
five and each year thereafter until fully paid; said bonds to
be numbered consecutively and to be redeemed in the order
in which they are numbered.

Authority to
issue bonds

SEC. 2. And be it enacted, That said County Commission-
ers are authorized to advertise at least once a week for four
successive weeks in two newspapers published in Kent
County for sealed proposals for the negotiation of said bonds,
and on a certain day, to be named in said advertisements, said
County Commissioners shall in their office in the court-house
in Chestertown open all the bids received and award the said
bonds to the highest bidder, provided no bid less than par
shall be accepted.

Negotiation
of bonds.

SEC. 3. And be it enacted, That the County Commissioners
of Kent County shall in each and every year levy upon the
assessable property in Kent County such sums of money as
may be necessary to pay the interest on the said bonds as
said interest shall become due, and also to levy such sums in

Yearly assess-
ment to pay
interest.