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LAWS OF MARYLAND.

Annual levy.

shall annually levy upon the assessable property of said county a tax sufficient to pay the interest thereon and the principal of such portion as may mature in each and every year after the date of their issue, and said levy shall be designated as "School fund. "

Be paid over.

SEC. 4. And be it enacted, That the proceeds arising from the sale of the afore mentioned bonds shall be paid over by the county commissioners to the treasurer of the school commissioners of said county, who shall immediately apply said proceeds to the payment of the aforesaid indebtedness. now due by said school commissioners, and to no other purpose.

Shall not expend.

SEC. 5. And be it enacted. That hereafter the school commissioners of said county shall not expend for school purposes or for any other purpose a greater sum of money in any one year than shall be annually levied for school purposes by the county commissioners of said county in addition to the amount annually received by said school commissioners from the treasurer of the State, and they shall not borrow any sum or sums of money in any one year which, added to the actual receipts for such year, would exceed their yearly income as provided for by law, and it shall be lawful for the holders of any indebtedness or any evidence of indebtedness contracted in violation of this section to sue upon or enforce the same in any court of law or equity in this State, against said school commissioners either individually or collectively.

Borrow mon'y

SEC. 6. And be it enacted, That in case of the destruction of any school house by fire or otherwise, the board of school commissioners may with the concurrence of the board of county commissioners borrow so much and no more money as may replace such school house, and such money shall be applied to the rebuilding of such house and to no other purpose whatever, and the county commissioners shall provide for such indebtedness by an additional levy in the following year.

Repealed.

SEC. 7. And be it enacted, That all laws inconsistent with the provisions of this act be and the same are hereby repealed.