ALBERT C. RITCHIE, GOVERNOR. 513
said County Commissioners after the issuance of said bonds,
shall levy annually upon the assessable property of said
county a sum sufficient to meet and pay promptly the interest
accruing upon said bonds, and shall likewise levy upon the
asessable property of the said county a sum sufficient to meet
the principal of said bonds at their maturity; the said levy
for the principal as aforesaid to be made in such years as will
enable the said County Commissioners to collect the money
necessary for the punctual redemption and payment of said
bonds.
SEC. 2. And be it further enacted, That at such time or
times as said bonds may be issued and sold the said County
Commissioners shall advertise said sale in two newspapers
published in Dorchester County aforesaid, and also in a news-
paper published in Baltimore City, if they deem such adver-
tisement advisable, giving reasonable notice of the time of
such sale and inviting sealed proposals for the purchase of
said bonds so to be issued, with the privilege to the said
County Commissioners of rejecting any and all bids; that the
said bonds shall be exempt from County and Municipal taxes;
and that the said County Commissioners shall keep a record
of said bonds in a registry of bonds, giving the number and
date of such bonds and the name or names of the purchasers
and the amounts realized.
SEC. 3: And be it further enacted. That $150,000.00 of the
proceeds arising from the sale of said bonds shall be paid over
by the County Commissioners to the Board of Education of
Dorchester County, for the purpose of purchasing lands for
public school sites, and erecting a new public High School in
the town of Cambridge, and for building, repairing, reno-
vating, or enlarging old public school buildings throughout
Dorchester County, subject to the provisions of this Act, and
for the purpose of acquiring title to such lands as may in the
judgment of the said Board of Education of Dorchester
County be necessary, the said Board of Education of Dorches-
ter County is by this Act empowered under the laws of this
State to proceed by condemnation proceedings for the acquisi-
tion of the title thereto.
SEC. 4. And be it further enacted, That the purchase of
land for the location of a new public High School building in
the town of Cambridge, and the erection of said new public
|
|