EDWIN WARFIELD, ESQ., GOVERNOR.

487

case exceed the amount owned by the School Commissioners

for said erection or furnishing of said school building.

SEC. 4. And be it enacted, That said building committee,

upon entering into any contract, as mentioned in the pre-

To report
terms of con-

ceding section, shall forthwith make report to the County

tract.

Commissioners and School Commissioners of Anne Arundel

County, fully setting forth the terms and character of said con-

tract or contracts, and the debts incurred thereby, a synopsis

of which report shall be duly published in the usual manner

of publishing county expenditures.

SEC. 5. And be it enacted, That for the purpose of erecting

and furnishing said school building and for the purchasing

Authorized to
issue bonds.

of a suitable lot for the same or an addition to the lot now

owned, where necessary, the School Commissioners of Anne

Arundel County are hereby authorized and directed to issue

bonds in the name of the School Commissioners of Anne Arun-

del County, indorsed by the County Commissioners of Anne

Arundel County (which endorsement said County Commission-

ers are hereby authorized and required to give), to the amount

of fifteen thousand dollars. Said bonds shall be issued in

sums of not less than one hundred nor more than one thousand

dollars each, and shall be signed by the president of the

said Board of School Commissioners and countersigned by

the secretary of said Board, with the corporate seal of said

Board attached ; and said bonds shall be dated the first clay of

July. 1904, and shall bear interest at the rate of five per centum

per annum, payable on the first day of January and July

Bonds to bear

in each year until the said bonds are respectively paid ; for

a five per
cent, interest.

which semi-annual interest proper interest coupons payable to

the bearer shall be attached to said bonds to be signed by the

president of the said Board of County School Commissioners

and countersigned by the secretary thereof; said bonds shall

be payable to the bearer and shall be forever exempt from all

taxation other than taxation for State purposes, and shall have

printed upon them a distinct reference to this Act as author-

izing the issue thereof. Said bonds shall be endorsed by the

County Commissioners of Anne Arundel County, and the credit

of the county shall be pledged thereby for the payment of the

same, principal and interest ; such endorsement shall be by

the president of the Board of County C6mmissioners of Anne

Arundel County as such signing his name, and the clerk of said

Endorsement.

County Commissioners countersigning the same, with the cor-

porate seal of said County Commissioners attached thereto.

SEC. 6. And be it enacted, That the School Commissioners

of Anne Arundel County are hereby authorized and directed