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Session Laws, 1912
Volume 370, Page 1228   View pdf image
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1228 LAWS OF MARYLAND. [Ch. 732]

determine the best method of heating, etc., having due regard
for the safety and health of the pupils attending them, and shall
at such times as it may deem proper advertise for such furni-
ture and heating plants, and shall award the contract or con-
tracts to the lowest responsible bidder or bidders.

SEC. 3. And be it enacted, That for the purpose of paying
for said lot or lots, and for the erection and furnishing of said
public high school building, the School Commissioners for
Prince George's County are hereby authorized and directed
to honor on the endorsement of the County Commissioners of
Prince George's County, who are hereby directed to endorse
such bonds on the faith and credit of said county, an amount
not exceeding the sum of twelve thousand ($12,000.00) dollars,
and to issue coupon bonds therefor in sums not less than one
hundred dollars and not more than one thousand dollars each,
to be signed by the president of said board of school commis-
sioners and countersigned by the school superintendent of said
board, with the seal of said board attached and to be registered
by the said school superintendent of Prince George's County
in a separate book kept for that purpose, and said bonds shall
bear interest at the rate of five per cent, per annum, payable
semi-annually on the first day of May and the first day of
November of each year, until said bonds shall be paid, and said
bonds shall be forever exempt from all municipal and county
taxation for any purpose, in Prince George's county and its
municipalities, and shall have printed on them reference to this
act as authorizing the issue thereof.

SEC. 4. And be it enacted, That the School Commissioners
of Prince George's County are hereby authorized and directed
to retain each and every year from the sum of money paid to
them by the County Commissioners of Prince George's County,
a sufficient amount of money to meet the interest and to create
a sinking fund to pay the principal of said bonds issued under
this act shall have been paid and cancelled, should said bonds
be issued and endorsed as aforesaid.

SEC. 5. And be it enacted, That the first bonds issued under
this act shall be dated the first day of May, 1912, and be pay-
able as to principal in thirty years from the date of their issue
and said bonds shall be advertised for sale in two daily news-
papers published in the City of Baltimore, to be selected by the
school board, and sold to the highest bidder for cash for not
less than their face value, by the School Commissioners of
Prince George's County.

 

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Session Laws, 1912
Volume 370, Page 1228   View pdf image
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