ALBERT C. RITCHIE, GOVERNOR. 831
become due, said taxes to be collected as other taxes levied in
said county are collected.
SEC. 11. And be it further enacted, That this Act shall take
effect June 1, 1929.
Approved April 11, 1929.
CHAPTER 282.
AN ACT to authorize and empower the Board of County Com-
missioners of Washington County to borrow upon the faith
and credit of said county to the amount of $471, 000. 00, and
to issue and sell coupon bonds therefor, the proceeds thereof
to be used for acquiring sites and for the erection and equip-
ment of school buildings on said school sites so acquired, and
to provide for the payment of interest on said bonds and of
the principal thereof by the levy of taxes.
SECTION 1. Be it enacted by the General Assembly of
Maryland, That the Board of County Commissioners of Wash-
ington County be and they are hereby authorized and empow-
ered to issue serial coupon bonds on the faith and credit of said
county to the amount of $471, 000. 00 par value, said bonds to
be issued in denominations of $1, 000. 00 each and to bear inter-
est at a rate not exceeding four and one-half (4½) per cent.
per annum, payable semi-annually in each year during which
said bonds shall be outstanding and remain unpaid, to be signed
by the President of the Board of County Commissioners of said
county and countersigned by the Clerk thereof, provided that
the coupons for the interest thereon may be authenticated by
the engraved, lithographed, or printed signature of the said
Board of County Commissioners of Washington County af-
fixed thereto, which said bonds so to be issued shall be exempted
from all state, county, and municipal taxes. The said bonds
shall have written or printed on them a distinct reference to
the act authorizing the issue and shall be designated as Wash-
ington County School Bonds of 1929.
SEC. 2. And be it further enacted, That the said County
Commissioners of Washington County are authorized and em-
powered to issue the said bonds and sell the same at such times
|
![clear space](../../../images/clear.gif) |