ALBERT C. RITCHIE, GOVERNOR. 379
School Bond Issue of Nineteen Hundred Twenty" to the
amount of thirty-five thousand dollars ($35,000.00) shall
mature and become payable on the first day of July, nineteen
hundred thirty-six, and a like series to the amount of thirty-
five thousand dollars ($35,000.00) on the first day of July in
each and every year thereafter, until all of said bonds of said
issue have been redeemed; and that said bonds shall be so
issued, that a series of. the said issue, designated "Allegany
County School Bond Issue of Nineteen Hundred Twenty-one
(1921)" to the amount of thirty-five thousand dollars
($35,000.00) shall mature and become payable on the first
day of July, nineteen hundred forty-six (1946), and a like
series to the amount of thirty-five thousand dollars
($35.000.00) on the first day of July in each and every year
thereafter, until all of said bonds of said issue have been
redeemed. Or at the discretion of the Board of County Com-
missioners of said Allegany County, bonds to the amount of
thirty-five thousand dollars ($35,000.00) of the said issue
designated ''Allegany County School Bond Issue of Nineteen
Twenty (1920) " may be made to mature and become payable,
on the first day of July, nineteen hundred thirty-six (1936),
and a like series to the amount of thirty-five thousand dollars
($35,000.00) on the first day of July of each and every
alternate year thereafter, until all of said bonds of said issue
shall have been redeemed; and likewise a series of the said
issue designated "Allegany County School Bond Issue of
Nineteen Hundred Twenty-one" to the amount of thirty-five
thousand dollars ''($35,000.00) may be made to mature and
become payable on the first day of July, nineteen hundred
thirty-seven (1937) and a like series to the amount of thirty-
five thousand dollars ($35,900.00) on the first day of each and
every alternate year thereafter until all of said bonds of said
issue shall have been redeemed; and said bonds shall be sold,
after due advertisements by the said County Commissioners
of Allegany County, to the highest bidder or bidders.
SEC. 3. And be it enacted, That the County Commissioners
shall annually cause to be levied and collected from the assess-
able property in Allegany Comity a tax which shall be suffi-
cient to pay the interest on said bonds and also to redeem all
of said bonds which shall mature during that year; and said
tax shall be collected in like manner as other taxes levied in
said county are collected, and. when collected shall be applied
|
|