ALBERT C. RITCHIE, GOVERNOR. 557

to public school buildings, and the equipping and furnishing
of such new buildings or additions in Anne Arundel County;
to issue bonds therefor, endorsed by the County Commis-
sioners of Anne Arundel County, and authorizing and direct-
ing said County Commissioners to levy a tax sufficient in-
each and every year to pay said bonds at maturity and to-
pay the semi-annual interest thereon; for creating a Public
School Building Commission of Anne Arundel County, and
providing for the expenditure of the proceeds of said bond
issue for public school buildings and equipment.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Board of Education of Anne Arundel
County, in order to provide necessary funds for the erection
of new public school buildings and for additions to public
school buildings, acquiring sites for same, and for furnishing
and equipping the same in said county, is hereby authorized
and directed to borrow money on the credit of said county,
and to issue and sell coupon bonds therefor in the aggregate
sum of One Million Dollars ($1, 000, 000. 00); said bonds to
be endorsed by the County Commissioners of Anne Arundel
County, which endorsement the said Board of County Commis-
sioners of Anne Arundel County is hereby authorized and re-
quired to give. Each of said bonds shall be in the sum of
One Thousand Dollars ($1, 000. 00) and they shall be num-
bered from One (1) to One Thousand (1, 000), both inclusive,
and bear date the first day of July, in the year Nineteen Hun-
dred and Twenty-nine (1929). Said bonds shall be signed by
the President of the Board of Education of Anne Arundel
County, and countersigned by the County Superintendent of
Schools as the executive officer of said board with the corpo-
rate seal of said board attached, and the endorsement thereof
by the County Commissioners of Anne Arundel County shall
be signed by the President of said County Commissioners, and:
countersigned by the clerk thereof, with the corporate seal!
of the said County Commissioners attached, and said bonds are
expressly declared to be a direct obligation upon Anne Arundel
County.

SEC. 2. And be it further enacted, That the said bonds shall
bear interest at an annual rate not exceeding five per cent.
(5%), payable semi-annually upon the first day of January
and July in each year, and said bonds shall be exempt from
taxation for county and municipal purposes when held by