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Chapter 38.
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AN ACT to authorize and empower the County
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Commissioners of Montgomery county to fund
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certain indebtedness of the Board of County
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School Commissioners of Montgomery county, by
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issuing bonds therefor, and to levy a tax for the
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payment of the same.
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WHEREAS the County School Commissioners of
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Montgomery county became indebted for certain
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sums of money, at different times, to maintain their
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Preamble.
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schools and provide school houses, which said sums
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of money are now due and unpaid; and whereas it
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is desirable that said indebtedness should be pro-
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vided for so as to be paid off gradually —
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SECTION 1. Be it enacted by the General Assem-
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bly of Maryland, That the County Commissioners
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of Montgomery county be and they are hereby au-
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Authorized
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thorized and empowered, in their discretion, to issue
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to Issue bonds.
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bonds to an amount not exceeding eighteen thousand
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dollars, in sums of not less than one hundred nor
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more than one thousand dollars each, to be signed by
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the President of the Board of said County Commis-
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sioners, and countersigned by the clerk of said
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Rate of in-
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board, and to bear interest at a rate not to exceed
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terest.
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five per cent, per annum, payable semi-annually on
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the first days of June and December in each and every
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year during which the said bonds may run and re-
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main unpaid, and the coupons for interest on said
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bonds shall be receivable by the collectors of taxes
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for said county in payment of county taxes; pro-
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