WM. T. HAMILTON, ESQUIRE, GOVERNOR.

467

SEC. 3. And be it enacted, That said bonds shall

be issued to mature at such dates as shall not

require the payment in any one year of more than
one thousand dollars of the principal sum thereof,

Dates of ma-
turing.

and shall be redeemable at the pleasure of the

said board of county commissioners at or before

their maturity, and none of the said bonds shall

be issued to mature before the first day of June,

in the year eighteen hundred and eighty-three.

SEC. 4. And be it enacted, That to redeem said

bonds the Board of County Commissioners of

Garrett county shall annually levy upon the assess-

able property of said county a tax sufficient to

pay the interest upon the bonds so issued under

Levy annually

the provisions of this act, and so much of the

principal thereof as shall annually mature accord-

ing to the respective tenor of the aforesaid bonds,

and the said levy shall be designated as the Garrett

county school debt.

SEC. 5. And be it enacted, That the proceeds aris-

ing from the sale of the aforementioned bonds

shall be, as soon as realized, paid over by the

Proceeds — to

county commissioners of said county to the Treas-

whom paid

urer of the Board of County School Commission-

over.

ers of Garrett county, who shall immediately

apply the same to the payment of the aforesaid

indebtedness now due by said board of county

school commissioners, and no other purpose.

SEC. 6. And be, it enacted, That hereafter the

Board of County School Commissioners of Gar-

rett county shall not expend for school purposes or

Sum to ex-

for any other purpose a greater sum of money in

pend.

any one year than shall have been levied by the

county commissioners for said county for the same

year in addition to the sum or sums annually re-

ceived by the said board of county school com-

missioners of said county from the Treasurer of

the State, and the said Board of County School

Commissioners of Garrett county is hereby abso-

lutely prohibited from borrowing from any source

Prohibited

whatever or for any purpose any sum or sums of

from borrow-
ing.

money which shall be in excess of the moneys

which it, the said board, shall be entitled to re-

ceive from the sources mentioned in this section,

and it shall not be lawful for the Board of County