Ch. 120 LAWS OF MARYLAND

(2) The bonds to evidence this loan or installments of this loan may be sold as a
single issue, or may be consolidated and sold as part of a single issue of bonds under §
8-122 of the State Finance and Procurement Article.

(3) The cash proceeds of the sale of the bonds shall be paid to the Treasurer and
first shall be applied to the payment of the expenses of issuing, selling, and delivering
the bonds, unless funds for this purpose are otherwise provided, and then shall be
credited on the books of the Comptroller and expended, on approval by the Board of
Public Works, for the following public purposes, including any applicable architects'
and engineers' fees: as a grant to the Historic Preservation Commission of Harford
County for the stabilization, restoration, renovation, replacement, and repair of the
utility system of the McComas Institute located in Emmorton, Maryland, and for the
stabilization, restoration, renovation, replacement, and repair of the utility system of
the Freeman's School known as the Hosanna School on Castleton Road in Darlington,
Maryland.

(4) An annual State tax is imposed on all assessable property in the State in rate
and amount sufficient to pay the principal of and interest on the bonds, as and when
due and until paid in full. The principal shall be discharged within 15 years after the
date of issue of the bonds.

(5) No portion of the proceeds of the loan may be used for the furtherance of
sectarian religious instruction, or in connection with the design, acquisition, or
construction of any building used or to be used as a place of sectarian religious worship
or instruction, or in connection with any program or department of divinity for any
religious denomination. Upon the request of the Board of Public Works, the Historic
Preservation Commission of Harford County shall submit evidence satisfactory to the
Board that none of the proceeds of this loan has been or is being used for a purpose
prohibited by this Act.

(6) The Historic Preservation Commission of Harford County shall grant and
convey a perpetual preservation easement on the exterior and interior of the structures,
where appropriate, and on the land to the Maryland Historical Trust, in form and
substance acceptable to the Trust.

(7) THE HISTORIC PRESERVATION COMMISSION OF HARFORD
COUNTY HAS UNTIL JUNE 1, 1991, TO PRESENT THE REQUIRED
DOCUMENTATION CONCERNING THE MCCOMAS INSTITUTE AND
HOSANNA SCHOOL LOAN OF 1988 TO THE BOARD OF PUBLIC WORKS.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect June 1, 1990.

Approved April 24, 1590.

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