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Session Laws, 1941
Volume 582, Page 263   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 263

and being passed upon a yea and nay vote, supported by
three-fifths of all of the members elected to each of the
two Houses of the General Assembly, the same shall take
effect from the date of its passage.

Approved May 26, 1941.

CHAPTER 200.
(Senate Bill 198)

AN ACT to authorize and direct the Board of County
Commissioners of Washington County to borrow upon
the faith and credit of said County to the amount of
Two Hundred Thousand ($200, 000. 00) Dollars, and to
issue and sell coupon bonds therefor, the proceeds there-
of to be used for the construction, alteration, addition,
furnishing and equipping of certain school buildings in
said Washington County, and the purchase of lands
deemed necessary 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
Washington County be and they are hereby authorized
and directed to issue serial coupon bonds on the faith and
credit of said County to the amount of $200, 000. 00 par
value, said bonds to be issued in denominations of $1, 000. 00
each and to bear interest at a rate not exceeding 2% per
cent, per annum payable semi-annually in each year dur-
ing which said bonds shall be outstanding and remain un-
paid, to be signed by the President of the Board of County
Commissioners of said County and countersigned by the
Clerk thereof, provided that coupons for the interest there-
on may be authenticated by the engraved, lithographed or
printed signature of the said Board of County Commis-
sioners of Washington County affixed 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 Washing-
ton County School Bonds of 1941.

SEC. 2. And, be it further enacted, That the said County
Commissioners of Washington County be and they are
authorized and directed to issue bonds and sell the same

 

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Session Laws, 1941
Volume 582, Page 263   View pdf image (33K)   << PREVIOUS  NEXT >>


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