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LAWS OF MARYLAND.

Chapter 168.

AN ACT to authorize and empower the County

Commissioners of Garrett county to fund certain

indebtedness of the Board of County School Com-

missioners of Garrett county, by issuing bonds

therefor, and by levying a tax upon the assessable

property of said county to pay the same.

WHEREAS the board of county school commissioners

of Garrett county, has at various times, become in-

debted in certain sums of money for the purpose of

maintaining its schools and providing school houses for

Preamble.

the said county, which said sums of money are now due

from and owing by said county; and whereas it is

desirable to provide by law for the gradual liquidation

of the said indebtedness; therefore —

SECTION 1. Be it enacted, by the General Assembly

of Maryland, That the county commissioners of Gar-

rett county be and they are hereby authorized and

Issue bonds of

empowered, in their discretion, to issue the bonds of

county.

said county to an amount not exceeding the sum of

eighteen thousand dollars, in sums of not less than

one hundred and not more than one thousand dollars

each, and all of the said bonds to be signed by the

president of said board of county commissioners, and

countersigned by the clerk of said board of county

commissioners, whose duty it shall be to affix to each

and every bond so issued the seal of the said board,

and said bonds shall draw interest at a rate not to

Kate of in-
terest.

exceed six per cent, per annum, payable semi-annually

on the first days of June and December respectively,

until said bonds are paid; and the interest coupons

attached to said bonds shall be received, if tendered,

by the collector of taxes for said county, in payment

of county taxes due from the holder thereof.

SEC. 2. And be it enacted, That the said bonds shall

be sold by the county commissioners of Garrett county

How sold.

aforesaid to the highest bidder for cash, at not less than

their par value.

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 dol-

lars of the principal sum thereof, and shall be redeem-