ALBERT C. RITCHIE, GOVERNOR. 531
CHAPTER 298.

AN ACT to authorize and direct the County Commissioners
of Allegany County to borrow money on the credit of said
county to purchase new school sites, additional land for old
sites, for the erection of new school buildings, for additions,
alterations and improvements in old school buildings, for
equipping, heating, lighting, ventilating and additional sani-
tation in old and new school buildings, and for paving and
walling school grounds in Allegany County.

SECTION 1. Be it enacted by the General Assembly of
Maryland., That the County Commissioners of Allegany Coun-
ty, in order to provide funds necessary for the erection of new
buildings, for additions, alterations and improvements in old
school buildings, for equipping, heating, lighting and venti-
lating old and new school buildings in Allegany County, are
hereby authorized and directed to borrow money on credit, of
said Allegany County, and to issue and sell bonds therefor
to an amount not to exceed five hundred thousand dollars
($500, 000. 00), under the corporate seal of said Board of
County Commissioners of Allegany County and to be counter-
signed by the Clerk thereof, in denominations of one hundred
dollars ($100. 00), five hundred dollars ($500. 00) or one
thousand dollars ($1, 000. 00), each as may seem advisable to
said Board of County Commissioners of Allegany County, two
hundred fifty thousand dollars ($250, 000. 00) of said bonds
to be dated July 1st, nineteen hundred and twenty-seven (1927)
and two hundred fifty thousand dollars ($250, 000. 00) of said
bonds to be dated July 1st, nineteen hundred twenty-eight
(1928) and all of said bonds to bear interest from date, pay-
able semi-annually at a rate not to exceed five per cent. (5%)
per annum to be determined by said County Commissioners
of Allegany County, said bonds when issued shall have written
or printed on them a distinct reference to the Act directing
the issue of the same and shall be designated respectively
"Allegany County School Bond Issue of Nineteen Hundred
Twenty-seven" and "Allegany County School Bond Issue of
Nineteen Hundred Twenty-eight, " and the said bonds when
issued shall be exempt from municipal and county taxation in
Allegany County.

SEC. 2. And be it enacted, That said bonds shall be so is-
sued that a series of said issue designated "Allegany County