ALBERT C. RITCHIE, GOVERNOR. 57
the proceeds therefrom not available for the purposes herein
expressed, that then the said Board of County Commissioners
are hereby authorized and empowered to provide for the pay-
ment of the principal of the sums borrowed under this Act by
levying a tax upon the assessable property of said county suffi-
cient to pay the same at the earliest date the said Commission-
el's can arrange.
SEC 4. And be it further enacted, That it is the intention
of this Act that five hundred thousand ($500, 000) dollars be
made available for immediate use by the Board of Education
of Baltimore County for the purposes set forth in the preced-
ing sections of this Act and that the principal and not the
interest of such sums borrowed as hereinbefore provided, not
to exceed in the aggregate the said sum of five hundred thou-
sand ($500, 000) dollars, be liquidated and paid through the
appropriation of the proceeds from the sale of the bonds dated
February 1st, 1925, and February 1st, 1926. as provided
for in the aforesaid Act of 1922, and that the interest accruing
on the loans necessary therefor be paid by a direct tax and
not deducted from the proceeds from the sale of said bonds
as aforesaid, and that the full faith and credit of Baltimore
County be pledged as security for the payment of the amounts
borrowed as herein provided, notwithstanding the application
of the proceeds from the sale of bonds as aforesaid; and should
said bonds not be sold, that then the said loan shall be liqui-
dated by a direct tax as hereinbefore provided, but that this
Act shall in no way be construed as repealing or changing the
said Chapter 243 of the Acts of 1922 except as to the appli-
cation of the proceeds from said bond sale provided in said
Act to be paid to the Board of Education of Baltimore County,
and for that purpose this Act is the authority to the said
Board of County Commissioners to use the proceeds from the
future sale of said bonds as aforesaid in the manner herein
directed.
SEC. 5. And be it further enacted, That this Act is hereby
declared to be an emergency law and necessary for the imme-
diate preservation of the public health and safety, and being
passed upon a yea and nay vote supported by three-fifths of
all the members elected to each of the two Houses of the Gen-
eral Assembly, the same shall take effect from the date of its
passage.
Approved March 5, 1924.
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