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LAWS OF MARYLAND.

Chapter 155.

AN ACT to authorize the County Commissioners of

Washington county to fund certain indebtedness of

the Board of County School Commissioners of

Washington county by issuing bonds therefor, and

to levy a tax for the payment of the same.

WHEEEAS the act of Assembly of Maryland, passed

at the January session of eighteen hundred and sev-

enty-six, chapter seventy-two, authorizing the county

commissioners of Washington county to fund certain

indebtedness of the county school board of said county,

Preamble.

failed to make provision for finding the whole of the

then existing indebtedness of said school board; and

whereas there remains due and unpaid of said indebt-

edness the sum of thirteen thousand dollars, which it

is desirable should be funded so as to be paid off

gradually —

SECTION 1. Be it enacted by the General Assembly

of Maryland, That the county commissioners of

rommissioners

Washington county be and they are hereby author-
ized and empowered to issue bonds to an amount not

f o it-sue bonds.

exceeding thirteen thousand dollars, in sums not less

than one hundred nor more than one thousand dollars,

each to be signed by the president of the board of

said county commissioners and countersigned by the

clerk of said board, said bonds to bear interest at a

rate not exceeding five per cent, per annum, payable

semi-annually on the first day of April and the first

day of October in each and every year during which.

Bonds exempt

said bonds may run and remain unpaid, and the cou-

from taxation.

pons for interest on said bonds shall be receivable by

the collector of taxes for said county in payment of

county taxes, and shall be exempt from county taxation.

SEC. 2. 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 thou-

Bonds— how

sand dollars of the principal sum thereof, and shall be

listed

redeemable at the pleasure of said county commis-

sioners at or before their maturity, but none of said

bonds shall be issued to mature before the first day of

April, in the year eighteen hundred and eighty-five.

SEC. 3. And be it enacted, That to redeem said

bonds the county commissioners of Washington county