1438 LAWS OF MARYLAND. [CH. 586

sioners of Cecil County shall by resolution prescribe the
form and tenor of such bonds, the date or dates of issue,
the amounts of issue and the time and place at which
interest is to be paid. Such bonds shall be signed by the
President of the Board of County Commissioners, counter-
signed by the County Treasurer, and the corporate seal of
the County shall be attached thereto by the Clerk of the
County Commissioners and the interest coupons attached
to each of such bonds shall bear the facsimile signature
of the County Treasurer printed, lithographed or en-
graved thereon.

SEC. 3. And be it further enacted, That out of the
actual cash proceeds from the sale of any of said bonds
or notes shall be first paid the cost of printing and other
outlays and expenses and charges connected with their
issue and the entire balance of said actual cash proceeds,
together with any interest that may be received on the
same, shall be retained by the County Treasurer of Cecil
County, until needed to pay for the erection and equip-
ment of new public school buildings in Cecil County, the
purchase of any land necessary therefor, and the erection
of additions to existing public school buildings in said
County. Said payments for the aforesaid purposes, and
for no other purposes, shall be made from time to time
by the County Treasurer to the Board of Education of
Cecil County upon the order of the County Commissioners
of Cecil County. The County Commissioners shall not
issue any such order except upon written notification
from the Board of Education of Cecil County that in its
best judgment and discretion an expenditure for any of
aforesaid purposes is necessary, and setting forth the
approximate amount of expenditure and the specific use
to be made of it. The said Board of Education shall
receive and expend the monies only as herein authorized
and shall account for the same and the expenditure thereof
in the same manner as they account for other monies
passing through their hands.

SEC. 4. And be it further enacted, That any premiums
realized above the par value of the whole amount of said
bonds shall be used for the purpose of paying the loan
herein authorized.

SEC. 5. And be it further enacted, That the County
Commissioners of Cecil County, for the purpose of re-
deeming said bonds or notes at their maturity and for the
purpose of securing the prompt payment of interest there-