WM. PRESTON LANE, JR., GOVERNOR. 1441

suance and sale of bonds therefor; providing generally
for the terms of said bonds and the time and manner of
their sale; that the proceeds thereof be used exclus-
ively for the repair, improvement and equipment of pub-
lic school buildings in Dorchester County, State of Mary-
land, and the permanent improvement of old public
school buildings in said County; providing for the pay-
ment of said bonds, principal and interest, by the levy of
taxes; and specifically exempting said bonds from all the
requirements of Sections 35 and 36 of Article 31 of the
Annotated Code of Maryland (1939 Edition), with all
amendments thereof and supplements thereto, and
specifically exempting said bonds from all taxation by
the State of Maryland and by the Counties and munici-
palities of said State, and specifically providing that
Thirty Thousand ($30,000.00) Dollars of the proceeds
of the sale of said Bonds, or as much thereof as may
be necessary to put the school property in a safe, sani-
tary and suitable condition for that schools purposes shall
be allocated and applied to the repair, improvement and
equipment of the Peach Blossom School, located in Cam-
bridge, Maryland.

SECTIONl. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of Dorchester County, a
body corporate, in order to provide funds for the repair,
improvement and equipment of public school buildings,
and the permanent improvement of old public school
buildings, in said County, is hereby authorized and em-
powered at one time, or from time to time, to borrow
money on the faith and credit of said County and to issue
and sell at one time, or from time to time, its bonds there-
for, not to exceed in the aggregate the sum of Eighty Five
Thousand ($85,000.00) Dollars. Such bonds shall be desig-
nated, "Dorchester County. School Repair, Improvement
and Equipment Bonds", and shall be of such denomination
or denominations and of such type or form, of such periods
of maturity, not exceeding fifteen (15) years, and their
rate or rates of interest, not exceeding 4% per annum, all
as the County Commissioners of Dorchester County may
deem advisable. Said bonds shall be signed by the Presi-
dent of the County Commissioners of Dorchester County
and the Treasurer of said County, and have the corporate
seal of Dorchester County affixed thereto. The principal
amount of said bonds and every part thereof and the inter-
est payable thereon shall be and remain exempt from taxa-

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