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Session Laws, 1949
Volume 590, Page 675   View pdf image (33K)
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WM. PRESTON LANE, JR. ? GOVERNOR. 675

Hundred Thousand Dollars ($200, 000. ) and to issue its
bonds therefor for the purpose of making additions, al-
terations and improvements to and for the purpose of
equipping certain school buildings in Charles County; to
provide for the levying of taxes to pay the principal and
interest of such indebtedness; and to provide that the
making of such additions, alterations and improvements
to certain school buildings in Charles County be subject
to the joint approval of the Charles County Board of
Education and the Building Committee named herein.

SECTION 1. Be it enacted ~bytTie General Assembly of Maryland,
That the County Commissioners of Charles County be and
they are hereby authorized and directed to borrow on the
faith and credit of said County an amount not to exceed
Two Hundred Thousand Dollars ($200, 000. ) and from time
to time to issue and sell bonds in amount not to exceed said
sum of $200, 000., said bonds to be signed by the President
of said County Commissioners, countersigned by the Treas-
urer of Charles County and with the seal of said County
affixed thereto. The entire proceeds of such bonds, after
payment of costs of engraving and all other incidental ex-
penses connected with the issuance of such bonds, shall
be used for the purpose of making alterations, additions
and improvements to and for the purpose of equipping
school buildings in Charles County in the following man-
ner: To Pomonkey High School shall be allocated from the
proceeds of said bond issue an amount not to exceed
$100, 000 to be used for making such additions, alterations
and improvements to and for equipping said High School
in such a manner as may be deemed necessary and proper.
To La Plata, Hughesville, Bel Alton, Glasva and Nanjemoy
High Schools shall be allocated from the proceeds of said
bond issue an amount not to exceed $100, 000. to be used for
completing such additions, alterations and improvements
to and for equipping said High Schools in such a manner
as may be deemed necessary and proper. In no event may
the said amount so borrowed be used for any other pur-
poses than are hereinbefore set out.

SEC. 2. And be it further enacted, That said bonds shall
be issued in such denominations as shall be determined by
the said County Commissioners, and shall bear interest at a
rate to be determined by said Commissioners, not in excess
of four per cent. (4%) per annum. The issue of said bonds
must comply strictly with the provisions of Sections 35 and
36 of Article 31 of the Annotated Code of Maryland (1939
Edition), said bonds shall be exempt from all State, county

 

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Session Laws, 1949
Volume 590, Page 675   View pdf image (33K)
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