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Session Laws, 1947
Volume 411, Page 1443   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 1443

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 Dorchester County,
until needed to pay for the repair, improvement and equip-
ment of Public School Buildings in Dorchester County and
the permanent repair, improvement and equipment of old
Public School Buildings in said County; Provided that out
of the proceeds of the sale of said bonds the sum of
Thirty Thousand ($30,000.00) Dollars or as much thereof
as may be necessary to put the school property in a safe,
sanitary and suitable condition for that schools purposes
shall be and hereby is first allocated and appropriated for
the repair, improvement and equipment of the public
school building in the City of Cambridge, Maryland, known
as the Peach Blossom School. 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 Dorchester County. The County
Commissioners shall not issue any such order except upon
written notification from the Board of Education of Dor-
chester County that in its best judgment and discretion
an expenditure for any of aforesaid purposes is necesary,
and setting forth the approximate amount of the expendi-
ture 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.

SECTION 4. And be it further enacted, That the County
Commissioners of Dorchester County, for the purpose of
redeeming said bonds at their maturity and for the pur-
pose of securing the prompt payment of interest thereon,
shall annually levy such tax on the assessable property of
Dorchester County as shall be necessary to pay the interest
on any bonds that may be issued and outstanding hereun-
der as the same becomes due and payable, and also, in
in addition thereto, the County Commissioners shall an-
nually levy a tax upon the assessable property of said
County sufficient to pay and retire all of said bonds as
they shall mature.

SECTION 5. And be it further enacted, That the bonds
authorized hereunder are hereby specifically exempted
from all of the provisions of Sections 35 and 36 of Article

 

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Session Laws, 1947
Volume 411, Page 1443   View pdf image (33K)
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