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Session Laws, 1937
Volume 412, Page 655   View pdf image (33K)
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HARRY W. NICE, GOVERNOR. 655

affect the validity or negotiability of any of the bonds hereby
authorized in the hands of any of the bona fide purchasers
thereof, and such purchasers shall not be obliged to see that
the mandate hereby imposed upon the Board of County Com-
missioners of Montgomery County is carried out, nor shall
the failure of said Board of County Commissioners to comply
with this section relieve the County Commissioners of Mont-
gomery County from its obligation to pay the principal and
interest on any bonds issued pursuant to the authority of
this Act as the same respectively become due and payable, in
accordance with the terms and conditions set forth on the face
of said bonds.

SEC. 6. And be it further enacted, That the proceeds of the
sale of the bonds authorized to be issued pursuant to this
Act shall be expended by or under the control and super-
vision of the Board of Education of Montgomery County for
the purposes and on the projects hereinafter enumerated and
in the approximate amounts allocated to each such project,
provided, however, that the Board of Education of Montgomery
County shall have the authority in its sole discretion to re-
allocate the amount of funds to be expended on any one such
project to any other such project whenever it shall appear
that the amount of funds allocated to one such project is in
excess of the actual cost of constructing such project as re-
quired by the school construction program hereinafter out-
lined. The Board of Education of Montgomery County is
hereby authorized and directed to expend the funds herein-
above referred to on all of the following projects in the ap-
proximate proportions allocated to each, subject, however, to
the foregoing provisions of this section:

1. For the construction of a new unit of ten classrooms
at the Montgomery Blair Senior High School (Eastern,
Suburban High School)—$100, 000. 00.

2. For the acquisition of the Hodges tract in Takoma,
Park and for the construction thereon of the first unit of a new
Junior High School building, thus making possible the use of
the present Takoma-Silver Spring Junior High School as an
elementary school for the Takoma-Silver Spring-Woodside-
Parkside elementary school area—$190, 000. 00.

3. For the acquisition of a site in the Massachusetts Avenue
Extended area and for the construction thereon of a new
eight-room elementary school to serve the Bethesda-Somerset-
Alta Vista-Massachusetts Avenue Extended elementary school
area—$115, 000. 00.

 

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Session Laws, 1937
Volume 412, Page 655   View pdf image (33K)
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