540 LAWS OF MARYLAND. [CH. 277
Fifty Thousand Dollars ($50, 000. 00), or so much thereof as
may be necessary for the construction and equipment of an
addition to the school building at Berwyn.
Fifty Thousand Dollars ($50, 000. 00), or so much thereof as
may be necessary for the construction and equipment of a
school building, or an addition to a school building in or near
College Park, including the purchase of land if necessary.
Five Thousand Dollars ($5, 000. 00), or so much thereof as
may be necessary for the construction and equipment of an
addition to a school building at the Marlboro Colored School.
Twelve Thousand Dollars ($12, 000. 00), or so much thereof
as may be necessary for the construction and equipment of a
school building in or near Meadows, including the purchase of
land, if necessary.
SEC. 4. And be it further enacted, That the Board of Edu-
cation shall be empowered to sell said bonds or any part
thereof authorized in the above resolution, by bid of sealed
proposals at the offer which in the discretion of said Board is
most advantageous to the county, after having given such
public notice as it may deem proper of the time, place, manner,
and terms of sale, right being reserved to reject any or all
bids. Said bonds shall not be sold except for cash, nor for less
than par, and when issued shall be exempt from State, county
and municipal taxation. Said bonds shall be signed by the
President of said Board of Education of Prince George's
County and countersigned by the County Superintendent of
Schools and endorsed by the President of the Board of County
Commissioners of Prince George's County and the Clerk to
said Board, with the corporate seals of said Boards; provided
that the coupons for the interest attached thereto may be
authenticated by the engraved, lithographed or printed signa-
tures of the President of the said Board of Education and the
County Superintendent. Said bonds may be registered as to
the principal by the County Superintendent of Schools in a
separate book kept by him for that purpose, if such registra-
tion is desired by the holder thereof. The principal and the
interest thereof shall be paid at some bank or trust company
to be determined by the County Commissioners and the place
of payment shall be stated on the bonds and on the coupons.
In case such bonds or any of them shall be issued in any year
after the making of the annual levy for the year by the Board
of County Commissioners of Prince George's County, then said
Board of County Commissioners of Prince George's County is
authorized and directed to pay any or all interest coming due
before the next levy out of any other funds at their disposal
and to levy at the next levy to reimburse such other funds.
|
![clear space](../../../images/clear.gif) |