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Proceedings of the Senate, 1876
Volume 414, Page 725   View pdf image (33K)
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1876.] OF THE SENATE 725

levy upon the assessable property of said county a tax suffi-
cient to pay the interest thereon, and the principal of such
portion as may mature in each and every year after the date
of their issue and said levy, shall be designated as "School
Fund;" provided, that interest on said bonds shall cease after
maturity."

"Sec. 4 And be it enacted, That the proceeds arising
from the aforementioned bonds, shall be paid over by the
County Commissioners to the Treasurer of the Board of
County School Commissioners of said county, who shall im-
mediately apply said proceeds to the payment of the afore-
said indebtedness now due by said School Commissioners,
and to no other purpose.''

"Sec. 5. And be it enacted, That hereafter the Board of
County School Commissioners of said county shall not expend
for school purposes, or for any other purpose, a greater sum of
money in any one year than shall be annually levied for
school purposes by the County Commissioners of said county,
in addition to the amount annually received by the said
School Commissioners from the Treasurer of the State, and
they shall not borrow any sum or sums of money in any one
year, in excess of their actual receipts and incomes for each
year, as provided for by law; and it shall not be lawful for
said County School Commissioners to contract or pay any
debt in excess of the annual revenues provided by law for
school purposes, nor shall the County Commissioners for said
county assume or pay any debt or any portion thereof con-
tracted in violation of the provisions of this Act."

"Sec. 6. And be it enacted. That all laws inconsistent
with the provisions of this Act be, and the same are hereby,
repealed."

"Sec. 7. And be it enacted, That this Act shall take ef-
fect from the date of its passage."

Said bill, as amended, was then read the second time.

Mr. Stevens, from the Committee on Judicial Proceedings,
(by unanimous consent,) reported favorably,

Senate bill entitled an Act to provide for the collection
and preservation of statistics of crime and pauperism in the
State.

Which was read the first time.

Mr. Ford, from the Committee on the Library, (by
unanimous consent,) reported favorably,

Senate bill entitled an Act to require the stationary pur-
chased for the use of the Library, Senate and House of Dele-
gates, to be contracted for by the Comptroller, Treasurer and
Librarian.

Which was read the first time.


 

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Proceedings of the Senate, 1876
Volume 414, Page 725   View pdf image (33K)
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