248 LAWS OF MARYLAND. [CH. 148

ing and empowering the County Commissioners of Harford
County to borrow upon the faith and credit of Harford
County a sum of money not to exceed $80, 000. 00 at a rate
of interest not to exceed three per cent, for the purpose of
building additions and equipping two school houses in the
Fifth Election District of Harford County, known as the
Slate Ridge and Dublin Schools; and providing for the levy-
ing of taxes by said Commissioners to repay the loan and
interest thereon, and providing that said loan and every
part thereof and the interest payable thereon, shall remain
exempt from State, county and municipal taxation.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That four new sections be added to Article 13 of the
Code of Public Local Laws of Maryland (1930 Edition), title
"Harford County", sub-title "County Commissioners", to fol-
low Section 234L of said Article, to be known as Sections
234M, 234N, 234-O and 234P, and to read as follows:

234M. The County Commissioners of Harford County be
and they are hereby authorized and empowered to borrow at
such time as they may decide upon the faith and credit of
Harford County, a sum or sums of money not to exceed
eighty thousand dollars (180, 000. 00), and at a rate of in-
terest not to exceed three per cent (3%) per annum, for the
purpose of building additions and equipping two school houses
in the Fifth Election District of Harford County, known as
the Slate Ridge and Dublin Schools.

234N. The said County Commissioners are hereby author-
ized to borrow, under the provisions of this Act, from such
bank, banker or trust company, or from any other source, as
they shall from time to time select. The said County Com-
missioners are authorized to execute and deliver the negotiable
promissory note or notes of the County Commissioners of
Harford County, to be signed by the president of said County
Commissioners and the Treasurer of Harford County, with
the seal of the said County affixed thereto, in such denomina-
tion or denominations, payable at such place and at such date
or dates as the said County Commissioners shall by resolution
provide. The said notes shall bear interest at such rate or
rates, not exceeding 3% per annum, as shall be provided by
resolution of the County Commissioners, such interest to be
evidenced by semi-annual coupons attached to the said notes
and bearing the facsimile signature of the Treasurer of Har-
ford County. Said County Commissioners are authorized to
borrow under the provisions of this Act by selling the nego-
tiable promissory notes herein authorized, with coupons at-
tached, at a discount less than the principal amount thereof,