426 LAWS OF MARYLAND. [CH. 101

($700, 000. 00) in the denomination of One Thousand Dollars
($1, 000. 00), to bear interest at a rate not exceeding five (5)
per centum per annum, to be determined by said Board of
County Commissioners of Carroll County, payable semi-an-
nually on the first day of July and first day of January in each
and every year until the same shall be paid, coupons to be
attached to said bonds for each of said semi-annual interest
payments, to be signed by the president of the said Board of
County Commissioners, the said signature either to be written
or printed thereon; the said bonds also to be signed by the said
president and by the treasurer of said county, and to have the
corporate seal of said county affixed thereto; and said loan and
every part thereof and the interest payable thereon shall be
and remain exempt from all state, county and municipal taxes.

SEC. 2. And be it further enacted, That of the said sum of
not exceeding Seven Hundred Thousand Dollars ($700, -
000. 00), so borrowed, the said Board of County Commissioners
are hereby authorized and empowered to expend for the erec-
tion and equipping of a new public school building in Taney-
town, not exceeding the sum of Ten Thousand Dollars ($10, -
000. 00); for the erection and equipping of a new public school
building in Woolery's District, not exceeding the sum of Twen-
ty Thousand Dollars ($20, 000. 00); for the erection and equip-
ping of a new public school building in Freedom District, not
exceeding the sum of Forty Thousand Dollars ($40, 000. 00);
for the erection and equipping of a new public school building
at Pleasant Cap, not exceeding the sum of Ten Thousand
Dollars ($10, 000. 00); for the erection and equipping of a new
public school building in Manchester, not exceeding the sum of
Twenty Thousand Dollars ($20, 000. 00); for the erection and
equipping of a new public school building at Lineboro, not
exceeding the sum of Seven Thousand Five Hundred Dollars
($7, 500. 00); for the erection and equipping of a new public
school building at Roller, not exceeding the sum of Seven Thou-
sand Five Hundred Dollars ($7, 500. 00); for the erection and
equipping of a new public school building at Westminster, not
exceeding the sum of One Hundred and Fifty Thousand Dol-
lars ($150, 000. 00); for the erection and equipping of a new
public school building in Middleburg District, not exceeding
the sum of Fifteen Thousand Dollars ($15, 000. 00); for the
erection and equipping of a new public school building at New
Windsor, not exceeding the sum of Fifteen Thousand Dollars
($15, 000. 00); for the erection and equipping of a new public
school building at Union Bridge, not exceeding the sum of