878 LAWS OF MARYLAND. [CH. 453

CHAPTER 453.

AN ACT to empower and direct the County Commissioners of
Garrett County to borrow money on the credit of said county
for the purpose of erecting a high school building in the
town of Oakland, and heating, furnishing and equipping
the same, and to purchase or condemn real estate for the
erection of the same, and for the purpose of erecting, re-
pairing and improving other public school buildings in said
county, and to issue bonds for the payment of said money,
and to levy taxes upon the assessable property of said coun-
ty to redeem such bonds and to pay the interest thereon, to
refer such question to the voters of Garrett County.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That for the purpose of erecting a high school build-
ing in the town of Oakland and for the purpose of furnishing,
heating and equipping said building, and for the erection, re-
pairing and improving other public school buildings in said
-county, and for the purpose of purchasing or condemning real
estate for the erection of the same, the County Commissioners
for Garrett County, be and they are hereby authorized, em-
powered and directed to borrow money on the credit of said
county to an amount not exceeding thirty thousand dollars, and
to issue coupon bonds therefor, the said bonds to be in the sum
of one thousand dollars each, and to be signed by the president
of the Board of County Commissioners for Garrett County,
and countersigned. by the Clerk of said board, with the cor-
porate seal of said County Commissioners attached to every
bond so issued; said bonds to be dated the first day of January,
1917, and to bear interest at a rate not exceeding 5 per cent,
per annum, payable semi-annually on the first day of July and
the first day of January in each and every year until the ma-
turity thereof, and the said bonds shall mature as follows: one
thousand dollars thereof on January 1, 1922, and annually
thereafter the sum of one thousand dollars in every year until
all of said bonds shall have matured.

SEC. 2. And be it enacted, That said bonds shall have writ-
ten or printed on them a distinct reference to the act directing
the issue of the same, and that said bonds when issued shall be
exempt from municipal and county taxation in Garrett County,
and they shall be sold after due advertisement by the County
Commissioners to the highest bidder or bidders, provided how-
ever that none of said bonds shall be sold for less than par value.