1778 LAWS OF MARYLAND. [CH. 929

November, 1942, or at the special congressional election, which-
ever is first, vote yes, then (a) The County Commissioners
of Garrett County shall borrow upon the faith and credit of
Garrett County Two Hundred and Fifty Thousand Dollars
($250, 000. 00) for the purposes of this Act and issue coupon
bonds therefor.

(b) The County Commissioners of Garrett County shall by
resolution prescribe the form and tenor of such bonds; the
rate of interest, not exceeding three percentum (3%) per
annum, to be paid thereon; the date of issue; and the time
and place at which interest is to be paid. Such bonds shall be
in coupon form, shall be in denominations of $100. 00 or any
multiple thereof, and may be made registerable as to prin-
cipal. Such bonds shall be issued upon the serial maturity
plan in such manner that bonds in the amount of Fifteen
Thousand Dollars ($15, 000) shall mature and become payable
in the calendar year 1943, and in each calendar year there-
after until all of said bonds have been paid and retired.

(c) Such bonds shall be signed by the County Commissioners
of Garrett County, countersigned by the County Treasurer,
and the corporate seal of the county shall be attached thereto
by the Clerk of the County Commissioners; and the interest
coupons attached to each of such bonds shall bear the fac-
simile signature of the County Treasurer printed, lithographed
or engraved thereon.

SEC. 3. And be it further enacted, That any bonds issued
under the provisions of this Act shall be sold in the manner
prescribed by Section 35 of Article 31 of the Annotated Code
of Maryland (1939 Edition) at such time or times as the
County Commissioners of Garrett County deem proper.

SEC. 4. And be it further enacted. That the entire proceeds
arising from the sale of any bonds issued under the provisions
of this Act, after the payment of the costs of engraving and
all other incidental costs and expenses connected with the
issuance of the bonds shall be paid over by the County Com-
missioners of Garrett County to the County Treasurer to be
held by him in a separate account subject to the order of the
County Board of Education, and to be spent only as provided
in Section 5 of this Act.

SEC. 5. And be it further enacted, That the Board of Edu-
cation of Garrett County shall have the power to use the pro-
ceeds from the sale of any bonds issued under this Act (a) to
provide for the acquisition of a site and the erection of and
equipment for a new building for Oakland High School, and
(b) to pay any expenses incurred in providing for the acquisi-