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Session Laws, 1908 Session
Volume 483, Page 373   View pdf image (33K)
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ART. 2. ] ANNE ARUNDEL COUNTY. 373

furniture, as in its discretion will be suitable for the uses and
conveniences of said school building, and the several rooms
therein, and shall, in its discretion, award the contract therefor
to the lowest responsible bidder or bidders; provided, however,
that the entire cost of said lot and building complete, and the
furnishings thereof, shall not exceed the amount realized from
the sale of the bonds hereinafter authorized and directed to be
issued for that purpose.

SEC. 3. And be it enacted, That said building committee,
upon entering into any contract, as mentioned in the pre-
ceding section, shall forthwith make reports to the County
Commissioners, and to the County School Commissioners of
Anne Arundel county, fully setting forth the terms and char-
acter of said contract and the debts incurred thereby, a synop-
sis of which report shall be duly published in the usual manner
of publishing county expenditures.

SEC. 4. And be it enacted, That for the purpose of contribu-
ting towards the purchase of said lot and the erection and
furnishing of said school building, the County School Commis-
sioners of Anne Arundel county be and they are hereby author-
ized and directed to issue bonds in the name of the County
School Commissioners of Anne Arundel county, with the en-
dorsement thereon of the County Commissioners of Anne
Arundel county (which endorsement said County Commis-
sioners "are hereby authorized and required to give) to the
amount of twelve thousand dollars, said bonds shall be issued
in sums of not less than one hundred nor more than one thou-
sand dollars each, and shall be signed by the president of the
said Board of County School Commissioners and counter-
signed by the said county school superintendent as secretary of
said board, with the corporate seal of said board attached;
such bonds shall be dated the first day of July, nineteen hun-
dred and eight, and shall bear interest at the rate of five per
centum per annum, payable on the first day of January and
July, in each year, until the said bonds are respectively paid,
for which semi-annual interest proper interest coupons payable
to the bearer shall be attached to said bonds, to be signed by
the president of the said Board of County School Commission-
ers and countersigned by the secretary thereof. Said bonds
shall be made payable to the bearer and shall be forever exempt
from all taxation, other than taxation for State purposes, and
shall have printed on them a distinct reference to this Act as
authorizing the issue thereof; said bonds shall be endorsed by
the County Commissioners of Anne Arundel county, and the
credit of said county shall be pledged thereby for the payment
of the same, principal and interest; such endorsement shall be

 

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Session Laws, 1908 Session
Volume 483, Page 373   View pdf image (33K)
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