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Session Laws, 1927
Volume 569, Page 542   View pdf image (33K)
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542 LAWS OF MARYLAND. [CH. 301

whether from death, refusal to act, resignation, or otherwise,
shall be filled by the Governor of the State from the residents
of said County.

SEC. 2. And be it further enacted, That for the purpose of
raising the necessary money for purchasing said site and for
erecting and constructing said school building and equipping
and furnishing the same, and providing the heating and lighting
equipment for same, and for all other purposes incidental there-
to, the County Commissioners of Charles County, upon the writ-
ten demand of the Building Committee provided for in this
Act, shall and they are hereby authorized and directed to issue
and sell, at public or private sale, coupon bonds on the faith
and credit of Charles County to such amount as said Build-
ing Committee shall determine not exceeding the sum of thirty
thousand dollars ($30, 000), to be issued in denominations of
one thousand dollars ($1, 000) each, numbered consecutively,
said bonds to be dated May 1, 1927, and to bear interest from
date of issue at a rate to be fixed by the County Commissioners
of said Charles County, or a majority of them, not exceeding
five per centum (5%) per annum, payable semi-annually, and
shall mature serially, two thousand dollars ($2, 000) annually
beginning May 1, 1930, until all of said bonds shall mature and
be paid; and said bonds shall be signed by the President of
the said County Commissioners and attested by the Treasurer
of Charles County with the seal of the County Commissioners
of Charles County attached and said bonds shall have printed
thereon a distinct reference to the Act directing their issuance
and shall be designated "Charles County Public School Bonds"
and shall be exempt from State, County and Municipal tax-
ation in the State of Maryland.

SEC. 3. And be it further enacted, That the County Commis-
sioners of Charles County, be and they are hereby empowered
and directed to levy annually a tax upon the assessable proper-
ty of Charles County sufficient to pay the interest on said
Bonds and to pay and redeem said bonds as they become due
and payable, and said tax shall be collected in like manner as
other taxes levied in said county are collected.

SEC. 4. And be it further enacted. That said Building Com-
mittee shall purchase a building site in or near the corporate
limits of the Town of La Plata in Charles County, Maryland,
the said site to be approved by the State Superintendent of
Schools, as provided in Section 30 of Article 77 of the Anno-
tated Code of Maryland (1924 Edition), and the title to which
shall be in the Board of Education of Charles County as pro-
vided in Article 77, Section 41, of the Annotated Code of

 

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Session Laws, 1927
Volume 569, Page 542   View pdf image (33K)
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