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Session Laws, 1916
Volume 534, Page 289   View pdf image (33K)
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EMERSON C. HARRINGTON, GOVERNOR. 289

given for moneys arising from the proceeds of the sale or sales
of the bonds provided for by the terms of this Act.

SEC. 8. And be it further enacted, That this Act shall take
effect on the first day of June, nineteen hundred and sixteen.

Approved April 4th, 1916.

CHAPTER 166.

AN ACT to authorize and direct the County Commissioners of
Allegany County to borrow money on the credit of said
County to pay for the erection of new school buildings and
for additions to and improvements of school buildings, in
Allegany County and to issue bonds therefor, and to levy
on the assessable property in Allegany County an annual
tax sufficient to pay said bonds as they mature, and to pay
the interest thereon, as it becomes due.

WHEREAS, owing to the increase in attendance in the pub-
lic schools of Allegany County, additions to and improve-
ments of said schools are absolutely necessary in order to en-
able all the children of said County to receive an education;
therefore

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the County Commissioners of Allegany Coun-
ty, in order to provide funds necessary for the erection of new
school buildings and for additions to and improvements of
school buildings in said County, are hereby authorized and
directed to borrow money on the credit of said County and to
issue and sell bonds therefor to an amount not exceeding Sev-
enty-Five Thousand Dollars ($75, 000) under the corporate
seal of said Board of County Commissioners, to be signed by
the President of said Board of County Commissioners, and to
be countersigned by the Clerk thereof, in denominations of one
hundred dollars ($100), five hundred dollars ($500), or one
thousand dollars ($1000) each, as may seem most advisable to
the said County Commissioners of Allegany County, said bonds
to be dated July 1st, nineteen hundred and sixteen, and to
bear interest from date, payable semi-annually, at a rate not
exceeding five per cent. (5%) per annum, to be determined
by said County Commissioners; said bonds when issued shall
have written or printed on them a distinct reference to the Act
10

 

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Session Laws, 1916
Volume 534, Page 289   View pdf image (33K)
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