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Session Laws, 1922
Volume 563, Page 1097   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 1097

SEC. 11. And be it further enacted, That the monies aris-
ing from the sale of said bonds shall be paid to the joint
order of the Board of County Commissioners of Howard
County and the Treasurer thereof, and the said Treasurer
shall keep in a book, to be provided for this purpose, a full
registry of the bonds sold, the different series, serial numbers
of the bonds and names of the pur-chasers, the amount real-
izer therefor and all redemptions or maturities thereof; and the
deposits of the purchase money for said bonds shall, when
not used for immediate purposes, be made in some bank,
savings institution or trust company under the same condi-
tion as hereinbefore required for the sinking fund money
and the interest thereon.

SEC. 12. And be it further enacted, That the bonds are to be
issued to the amount of Sixty Thousand Dollars ($60,000) for
the purpose of erecting and equipping new public school build-
ings enlarging and equipping or permanently improving old
public school buildings shall be designated as "Public School
Bonds," and the bonds so issued to the amount of Five Hun-
dred and Forty Thousand Dollars ($540,000) for the permanent
improvement of public roads shall be designated as "Public
Road Bonds."

SEC. 13. And be it further en-acted, That whereas provision
is hereinbefore made for a levy to pay the interest on said
bonds, if the said County Commissioners shall determine that
the interest payable- on said "Public Road Bonds" can be paid
out of the general fund for county highways, they shall not be
required to make special levy for said interest, but may, in
their discretion, pay it from the general fund provided for
public highways or out of their contingent fund.

SEC. 14. And be it further enacted, That the fund arising"
from the sale of the "Public School Bonds" shall be spent by
the said County Commissioners and said Commission and the
said Board of Education in purchasing sites and for the erec-
tion and equipping and permanent improvement of such new
public school buildings and the enlarging and equipping and
permanent improvement of such old school buildings as shall be
agreed upon by the said Board of County Commissioners
and said Commission and said Board of Education,
exercising their best judgment, and looking, however, to the
best interest of all the citizens of the county; and the fund
arising from the sale of the "Public Road Bonds' shall be

 

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Session Laws, 1922
Volume 563, Page 1097   View pdf image (33K)
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