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LAWS OF MARYLAND.
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the president of the board of said county commissioners and
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countersigned by the clerk of said board, said bonds to
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bear interest at a rate not exceeding five per cent, per
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annum payable semi-annually, on the first day of April and
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the first day of October in each and every year during
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which said bonds may run and remain unpaid, and the
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coupons for interest on said bonds shall be receivable by
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the collector of taxes for said county in payment of county
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taxes and shall be exempt from county taxation.
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SEC. 2. And be it enacted, That said bonds shall be issued
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Maturing
of said
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to mature at such date as shall not require the payment in
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bonds
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any one year of more than five hundred dollars of the prin-
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cipal sum thereof, and shall be redeemable at the pleasure
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of said county commissioners at or before their maturity,
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but none of said bonds shall be issued to mature before the
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first day of April in the year eighteen hundred and ninety-
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three.
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SEC. 3. And be it enacted, That to redeem said bonds the
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County Commissioners of Washington County shall annually
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Redemp-
tion of
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levy upon the assessable property of said county a tax
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bonds.
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sufficient to pay the interest on said bonds, and the principal
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of such portion as may mature in each and every year after
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the date of their issue, aud said levy shall be designated as
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"School House Fund."
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SEC. 4. And be it enacted, That the proceeds arising from
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Proceeds
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the sale of the aforementioned bonds shall be paid over by
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of some.
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the county commissioners to the treasurer of the board of
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school commissioners of said county, who shall apply said
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proceeds to the erection of a building for a graded school in
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Cavetown on or near the present site of public school house
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and for no other purpose.
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SEC. 5. And be it enacted, That this act shall take effect
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Effective.
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from the date of its passage.
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Approved April 7th, 1892.
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CHAPTER 527.
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AN ACT to repeal section two hundred and twelve of article
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eighteen of the Code of Public Local Laws, entitled
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"Queen Anne's County," sub-title "Oysters" as re-en-
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acted with amendments by the acts of the General Assem-
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bly of eighteen hundred and ninety, chapter three hundred
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and thirty-three.
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SECTION 1. Be it enacted by the General Assembly of
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Maryland. That section two hundred and twelve of article
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Repealed.
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eighteen of the Code of Public Local Laws, title "Queen
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