WM. PRESTON LANE, JR., GOVERNOR. 941

of said notice which shall state where interested parties may
obtain a complete copy thereof. Upon delivery of any of
said bonds to the purchaser or purchasers thereof, payment
therefor shall be made to the Treasurer of the Board, who
shall thereafter disburse the same only on vouchers approved
by the Board.

SEC. 4. And be it further enacted, That the money so
borrowed, for the public school or schools described in said
resolution above required, in evidence of which any such
bonds shall be issued, shall be used by the Board exclusively
and solely for such public school or schools, and in the event
the amounts so borrowed shall prove inadequate for the
financing of any such public school, at any time, the Board
may issue additional bonds within the limitations hereof for
the purpose of evidencing the borrowing of additional funds
for any such public school, provided the resolution author-
izing such additional bonds shall so recite, but if the funds
derived from the sale of any issue of any such bonds shall ex-
ceed the amount needed to finance the public school or schools
described in said resolution, the excess funds so borrowed
and not used by the Board shall be set apart by the Board
and applied in payment of the first principal maturity of
the bonds so issued or to the redemption of any part of said
bonds, if the same shall have been made redeemable, unless
said Board shall adopt a resolution, which shall be filed with
and approved by the County, allocating said excess funds
to some other part of the school program of the Board.

SEC. 5. And be it further enacted, That the bonds hereby
authorized shall constitute, and they shall so recite, an irre-
vocable pledge of the full faith and credit and unlimited
taxing power of the County to the payment of the maturing
principal and interest of such bonds as and when the same
respectively mature. In each and every fiscal year that any
of said bonds are outstanding, the County shall levy or
cause to be levied ad valorem taxes upon all property assess-
able by the County, within its corporate limits, in rate and
amount sufficient to provide for the payment, when due, of
the interest and principal of all said bonds maturing in each
such fiscal year and, in the event the proceeds from the taxes
so levied in any such fiscal year shall prove inadequate for
the above purposes, the County shall provide the difference
from its general funds and additional taxes shall be levied
in the succeeding fiscal year to make up any such deficiency.
The County may apply to the payment of principal and in-
terest of any bonds issued for any of the above defined public
schools any funds paid or payable either to the County or to