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ELIHU E. JACKSON, ESQUIRE, GOVERNOR
Chapter 182.
AN ACT to authorize and empower the county
commissioners of Howard county to issue
bonds to raise money to build a new school-
house or houses in Ellicott city, and school-
houses elsewhere in Howard county.
SECTION 1. Be it enacted by the General Assem-
bly of Maryland, That the county commissioners
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of Howard county be and they are hereby autho-
rized and empowered to issue bonds to the amount
of six thousand dollars, of which sum an amount
not exceeding four thousand dollars shall be ex-
pended for the purpose of building a new school-
house or houses in Ellicott city, in said county,
and the balance thereof to be applied for the
purpose of building new school-houses elsewhere
in said county by the board of school commis-
sioners of Howard county, in their discretion;
said bonds to be issued in sums of not less than
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ered to do.
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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, with the corporate
seal of said county commissioners thereto at-
tached, said bonds to bear date September the
first, eighteen hundred and eighty-eight, and to
bear interest at the rate of four and a-half per-
centum per annum, payable annually on the first
day of September of each and every year, for
which interest proper coupons are to be attached
to said bonds, signed by the president of the
board of the said county commissioners, said
bonds to be free from all state, county and muni-
cipal taxation.
SEC. 2. And be it enacted, That the said county
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commissioners shall annually levy upon the as-
sessable property of Howard county a special
tax sufficient to pay the interest on said bonds,
and to retire one thousand dollars of the princi-
pal annually, and that the money thus received
shall be known and kept as the "Bond Fund,"
and shall be applied by the said county commis-
sioners to the payment of the principal and in-
terest of said bonds as aforesaid, and for no other
purpose whatsoever, and that said tax shall be
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