174 LAWS OF MARYLAND. [CH. 102

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That for the purpose of erecting public school buildings
in the county of Garrett and for the purpose of heating, fur-
nishing and equipping the same, and for the purpose of pur-
chasing or condemning real estate for the erection of the same,
and for the purpose of repairing and heating public school
buildings in said county, the County Commissioners for Gar-
ret County, be and they are hereby authorized, empowered
and directed to borrow money on the credit of said county to
an amount not. exceeding two hundred 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 corporate seal of said County Commissioners attached to
every bond so issued; said bonds to be dated the first day of
July, 1920, and to bear interest at a rate not exceeding 5 per
cent, per annum, payable semi-annually on the first day of
January and the first day of July in each and every year
until the maturity thereof, and the said bonds shall mature as
follows: ten thousand dollars thereof on July 1, 1925, and
annually thereafter the sum of ten 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 direct-
ing the issue of the same, and that said bonds when issued
shall be exempt from municipal and county taxation in Gar-
rett County, and they shall be sold after due advertisement
by the County Commissioners to the highest bidder or bidders,
provided, however, that none of said bonds shall be sold for
less than par value.

SEC. 3. And be it enacted, That the said County Commis-
sioners for Garrett County shall levy annually upon the as-
sessable property of said county a tax sufficient to pay the
interest upon said bonds, and in the year 1925 they shall levy
the sum of ten thousand dollars to meet the first maturing
bonds issued, and annually thereafter the said County Com-
missioners shall levy upon the assessable property of said
county the sum of ten thousand dollars for the payment of
such bonds as annually mature until the maturity of the last
bonds by this Act authorized to be issued.