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Session Laws, 1924
Volume 568, Page 1161   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR. 1161

private sale for less than par and accrued interest, and pro-
vided further that said County Commissioners, in their discre-
tion, shall have the right to reject any and all bids.

SEC. 4. And be it further enacted, That the actual cash
proceeds of the sale of said bonds shall be used exclusively for
the following purposes, to wit:

(1) For the payment of the cost of the engraving or print-
ing of said bonds, and for the payment of the cost of the adver-
tising authorized by this Act, and all other incidental expenses
connected with the issuance of said bonds.

(2) The remainder of the proceeds of the sale of said bonds
shall be paid over to the Board of Education of Montgomery
County, and shall be used, expended and applied by said Board
for the following purposes, to wit:
At Bethesda:

New Buildings.............. $80, 500. 00

New Building Land.......... 9, 000. 00

Remodel Old Building....... 12, 600. 00

Equipment New Building..... 3, 200. 00

Equipment Old Building...... 2, 300. 00

Equipment Assembly Hall.... 700. 00

—————$108, 300. 00

At Kensington:

New Addition.............. $20, 000. 00

Remodel Old Building........ 1, 500. 00

Equipment................. 1, 500. 00

———-———— 23, 000. 00

At Woodside:

New Addition.............. $59, 700. 00

Remodel Old Building........ 4, 000. 00

Equipment................. 3, 100. 00

——————— 66, 800. 00

At Poolesville:

New Addition.............. $20, 000. 00

Remodel Old Building........ 3, 000. 00

Equipment................. 1, 500. 00

———-———— 24, 500. 00

At Gaithersburg:

New Addition.............. $29, 000. 00

Remodel Old Building........ 4, 000. 00

Equipment................. 3, 900. 00

Sanitary Costs.............. 1, 000. 00

——————— 37, 900. 00

 

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Session Laws, 1924
Volume 568, Page 1161   View pdf image (33K)
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