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Session Laws, 1941
Volume 582, Page 1295   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 1295

Twenty Thousand Dollars ($20, 000. 00) or so much thereof
as may be necessary for the construction and equipment of a
school building or an addition to a school building for colored
children in or near Oxon Hill, including purchase of site, if
necessary.

Eighty-five Thousand Dollars ($85, 000. 00) or so much there-
of as may be necessary for the construction and equipment of
a school building or school buildings, or an addition to a
school building or school buildings, and the purchase of a site
or sites, if necessary, in such locations as may be specifically
approved in each instance by the Board of County Commis-
sioners, including the purchase of a site for the Brentwood
school.

SEC. 4. And be it further enacted, That the Board of Edu-
cation shall be empowered to sell said bonds or any part there-
of authorized in the above resolution, by bid of sealed pro-
posals at the offer which in the discretion of said Board is
most advantageous to the County, after having given such
public notice as it may deem proper of the time, place, manner,
and terms of sale, right being reserved to reject any or all bids.
Said bonds shall not be sold except for cash, nor for less than
par, and when issued shall be exempt from State, County and
municipal taxation. Said bonds shall be signed by the Presi-
dent of said Board of Education of Prince George's County
and countersigned by the County Superintendent of Schools
and endorsed by the President of the Board of County Com-
missioners of Prince George's County and the Clerk to said
Board, with the corporate seals of said Boards; provided that
the coupons for the interest attached thereto may be authen-
ticated by the engraved, lithographed or printed signatures
of the President of the said Board of Education and the
County Superintendent. Said bonds may be registered as to
the principal by the County Superintendent of Schools in a
separate book kept by him for that purpose, if such regis-
tration is desired by the holder thereof. The principal and the
interest thereof shall be paid at some bank or trust company
to be determined by the County Commissioners and the place
of payment shall be stated on the bonds and on the coupons.
In case such bonds or any of them shall be issued in any year
after the making of the annual levy for the year by the Board
of County Commissioners of Prince George's County, then said
Board of County Commissioners of Prince George's County is
authorized and directed to pay any or all interest coming due
before the next levy out of any other funds at their disposal
and to levy at the next levy to reimburse such other funds.

SEC. 5. And be it further enacted,, That in order to re-
deem said bonds and to pay the interest and principal thereof

 

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Session Laws, 1941
Volume 582, Page 1295   View pdf image (33K)   << PREVIOUS  NEXT >>


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