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Session Laws, 1914
Volume 533, Page 1735   View pdf image (33K)
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PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 1735

sioners, and the title to said site shall be taken in the name of
the Board of County School Commissioners of Prince George's

County.

SEC. 5. And be it further enacted, That for the purpose of
paying for the said building site, and for the construction of
said High School Building, and the furnishing of heating ap-
paratus and equipment therefor, the School Commissioners of
Prince George's County are hereby authorized and directed to
borrow on the endorsement of the County Commissioners of
Prince George's County, who are hereby directed to endorse
such bonds on the faith and credit of said County, to an
amount not exceeding the sum of twenty thousand dollars
($20,000.00), and to issue coupon bonds therefor in sums of not
less than one hundred dollars ($100), nor more than one thou-
sand dollars ($1,000), to be signed by the President of said
Board of School Commissioners and countersigned by the School
Examiner of said Board, with the seal of said Board attached,
and to be registered by the said School Examiner of Prince
George's County in a separate book kept for that purpose, and
said bonds shall bear interest at the rate of five per cent, per
annum, payable semi-annually, on the first day of May and the
first day of November of each year until said bonds shall be
paid, and said bonds shall be forever exempt from all County
and Municipal taxation and shall have printed on them '' Refer-
ence to this Act as authorizing the issue thereof."

SEC. 6. And be it further enacted, That the School Commis-
sioners of Prince George's County are hereby authorized and
directed to attain each and every year from the sums of money
paid to them by the County Commissioners of Prince George's
County, for the support of the public schools of Prince George's
County a sufficient amount of money to meet the interest and
to create a sinking fund to pay the principal of said bonds as
they mature, until the last of said bonds issued under this Act
shall have been paid and cancelled.

SEC. 7. And be it further enacted, That the bonds issued
under this Act shall be dated the first day of May, 1914, and be
payable as to principal in thirty years from the date of their
issue; and said bonds shall be advertised for sale in two daily
newspapers published in the City of Baltimore to be selected
by the School Board of Prince George's County, and sold the
highest bidders for cash, by the School Commissioners of Prince
George's County.

 

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Session Laws, 1914
Volume 533, Page 1735   View pdf image (33K)
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