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Session Laws, 1947
Volume 411, Page 1447   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 1447

SEC. 3. And be it further enacted, That any bonds
issued under the provisions of this Act shall be issued
and sold in the manner prescribed by Sections 35 and 36
of Article 31 of the Annotated Code of Maryland (1939
Edition), and any amendments thereto.

SEC. 4. And be it further enacted, That the entire pro-
ceeds arising from the sale of any notes or bonds issued
under the provisions of this Act, after the payment of costs
of engraving and all other incidental costs and expenses
connected with the issuance of the notes or bonds shall be
paid over by the County Commissioners to the County
Treasurer and retained by him, subject to the order of the
County Commissioners of Queen Anne's County. The said
County Commissioners shall expend the aforesaid funds,
either alone or in connection with any State or Federal
funds as may be made available, to provide for the acquisi-
tion of a site or sites and the erection of and equipment for
a public school building or buildings in Queen Anne's
County, as it may deem necessary, or for additions to or
modifications of existing public schools in said County. The
plans and specifications for said school building or buildings
or additions of or modifications to existing buildings shall
be subject to the approval of the State Superintendent
of Schools as provided in Section 30 of Article 77 of the
Annotated Code of Maryland and any amendments thereto.

SEC. 5. And be it further enacted, That the County
Commissioners are authorized and empowered to apply
the unexpended general funds of said County for the
payment of the annual interest on said notes or bonds and
for the redemption of matured notes or bonds, provided
that to the extent that provisions for payment of said
annual interest and said redemption of matured bonds is not
provided for, out of the unexpended general funds of said
County, the County Commissioners shall include in the tax
levy for the year after their first issuance and each year
thereafter nntil they mature and have been redeemed, an
amount sufficient to pay the annual interest on the
notes or bonds and to redeem them as they mature.

SEC.6. And be it further enacted, That this Act shall
take effect June 1, 1947.

Approved April 16, 1947.

 

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Session Laws, 1947
Volume 411, Page 1447   View pdf image (33K)
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