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Session Laws, 1920
Volume 539, Page 143   View pdf image (33K)
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ALBERT C. RlTCHE, GOVERNOR. 143

hundred thousand dollars shall be paid to the Board of Edu-
cation of Wicomico County, to be paid over on requisition of
the Board of Education of Wicomico County on said County
Commissioners. The County Treasurer shall keep a full
registry of said bonds with the names, of the purchasers and
the amount realized from said sales, and date of maturity of
the several bonds, and when redeemed, said bonds shall be at
once cancelled on the face of said bonds and on the books of
registry, and shall not be again issued.

SEC. 5. And be it further enacted, That if because of the
decrease in the price of building materials, or other reasons,
the Board of Education of Wicomico County is able to make
improvements as described in Section 4 of this Act, for less
than the amounts allotted in Section 4 of this Act, the differ-
ence between the actual cost of any item described in said Sec-
tion 4 and the amount allotted in said Section 4 shall be used
by the Board of Education of Wicomico County for the gen-
eral improvement of public school buildings and equipment
thereof.

SEC. 6. And be it further enacted, That the proceeds from
the sale of bonds heretofore provided for, shall be paid by the
Treasurer of Wicomico County to the Treasurer of the Board
of Education of Wicomico County on a requisition from the
Board of Education of Wicomico County as other funds are
paid out, and the said Board of Education of Wicomico County
are hereby authorized to make requisition on said County
Commissioners and the said County Commissioners are hereby
directed to pay over the sum realized from the sale of said
bonds, less expense in preparing and issuing said bonds in
accordance with the provisions of this Act, and the Board of
Education of Wicomico County shall keep a separate account
of the funds so received, and of the expenditures thereof, and
shall make a detailed statement to the citizens of Wicomico
County, Maryland, at the time of publication of the annual
report of said Board of Education for all expenditures of
funds derived from this Act for the fiscal year covered by the
said annual report.

SEC. 7. And be it further enacted, That the question
whether said "Public School Improvement Bonds of Wicomico
County, Maryland," shall be issued or not by the County
Commissioners of Wicomico County, for aforesaid purposes,

 

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Session Laws, 1920
Volume 539, Page 143   View pdf image (33K)
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