56 LAWS OF MARYLAND. [CH. 32

thereto, and to be made for such period and at such rates as
may be determined by the said Board of County Commis-
sioners.

SEC. 2. And be it further enacted, That the Board of
County Commissioners of Baltimore County shall, when noti-
fied by the Board of Education of Baltimore County that they
desire to avail themselves of the provisions of this Act and
the amount of money that they will require for the aforesaid
purpose, borrow such amounts in the manner aforesaid and
immediately pay the cash proceeds therefrom to the said Board
of Education of Baltimore County to be used by said Board
in the erection and equipment of new public school buildings
and the permanent improvement of old public school buildings
in said county, and for no other purposes anywhere in Balti-
more County, according to the best judgment and discretion
of the said Board of Education, said notification from the
said Board of Education to be presented from time to time as
necessity requires, so that the aggregate of the said sums shall
not exceed in the aggregate the sum of five hundred thousand
($500, 000. 00) dollars aforesaid; and the said Board of Edu-
cation of Baltimore County receiving and expending the pro-
ceeds from the loan herein authorized shall account for the
same and the expenditure thereof in the same manner as they
account for other moneys passing through their hands.

SEC. 3. And be it further enacted, That the County Com-
missioners of Baltimore County be and they are hereby author-
ized to levy such tax on the assessable property of Baltimore
County as may be needed to pay the interest on the loan or
loans herein provided for. And the said Board of County
Commissioners shall, when and as the bonds dated February
1st, 1925, and February 1st, 1926, shall be sold as provided
for in Chapter 243 of the Acts of the General Assembly of
Maryland passed at its session of 1922, apply the proceeds
from the sale of said bonds to the reduction and in payment
pro tanto of any part of any loan or loans made under the
provisions of this Act which, at the time of the receipt of the
proceeds from such sale of bonds under the Act of 1922, may
be due and unpaid, and in the event said bonds are for any
reason not sold as provided for in said Act, that the sum or
sums borrowed as herein provided be extended as to the pay-
ment thereof to such time and at the best rate of interest the
said County Commissioners are able to obtain, until the said
bonds are actually sold and the proceeds therefrom received,
and if for any reason the sale of said bonds is abandoned and