HERBERT R. O'CONOR, GOVERNOR. 1293
CHAPTER 744.
(House Bill 649)

AN ACT to authorize the Board of Education of Prince
George's County and the County Commissioners of Prince
George's County to issue serial bonds of said County to the
amount of not more than Five Hundred Thousand Dollars
($500, 000) for the purpose of building new schoolhouses or
for the construction of an addition or additions to existing
school houses in said County, for the purchase of sites where
necessary, and for equipping such new or improved school-
houses, said bonds to be issued from time to time in the
joint discretion of said boards; and to authorize the County
Commissioners of Prince George's County to levy such tax
on the taxable basis of said County as may be necessary to
pay the interest on such of said bonds as may be outstand-
ing from time to time, and to redeem said bonds as they
become due and payable.

SECTION 1. Be it enacted l)y the General Assembly of Mary-
land, That whenever the Board of Education of Prince
George's County shall think it advisable to build and equip
certain new school houses, or construct an addition or addi-
tions to existing school house or houses at the hereinafter
named location or locations, including the purchase of land,
if necessary, it may by resolution request the County Commis-
sioners of said County to issue bonds of said County to pay
for the same, and if the County Commissioners of said County
concur in the advisability of issuing such bonds for the pur-
pose indicated in such resolution, they may by their resolution
order that the same shall be issued as hereinafter provided,
but the total amount of bonds issued hereunder shall not ex-
ceed the sum of Five Hundred Thousand Dollars ($500, 000)
and the proceeds shall be spent in accordance with the pro-
visions hereof.

SEC. 2. And be it further enacted, That such bonds shall
have semi-annual interest coupons attached and shall be is-
sued according to what is known as the serial annuity plan,
and each issue shall be in series, lettered accordingly. The
County Commissioners in the aforesaid resolution shall fix
the date of issue; determine the denomination of each bond of
not less than One Hundred Dollars ($100. 00), nor more than
One Thousand Dollars ($1, 000. 00); fix the amount to be paid
each year, provided that no series shall mature more than 25
years from the date of issue; and fix the rate of interest to
be paid on said bonds or designate how the rate of interest
may be determined when said bonds are offered for sale, pro-