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AN ACT TO REPEAL CHAPTER 308 OF THE ACTS OF THE
REGULAR SESSION OF 1949 AND TO REPEAL CHAP-
TER 42 OF THE ACTS OF THE REGULAR SESSION
OF 1950, BOTH SUCH ACTS AUTHORIZING AND
EMPOWERING THE COUNTY COMMISSIONERS OF
DORCHESTER COUNTY TO ISSUE BONDS FOR
SCHOOL PURPOSES AND RELATING GENERAL-
LY TO THE USE OF SUCH FUNDS AND TO
THE RE-PAYMENT THEREOF; AND AUTHORIZING
AND EMPOWERING THE COUNTY COMMISSIONERS
OF DORCHESTER COUNTY TO BORROW AT ONE
TIME OR FROM TIME TO TIME, UPON THE FAITH
AND CREDIT OF DORCHESTER COUNTY, AND TO
ISSUE AND SELL AT ONE TIME OR FROM TIME TO
TIME ITS NEGOTIABLE PROMISSORY NOTES, CER-
TIFICATES OF INDEBTEDNESS OR BONDS THERE-
FOR, A SUM OR SUMS OF MONEY NOT TO EXCEED
THREE MILLION DOLLARS ($3, 000, 000. 00), AT A RATE
OF INTEREST NOT TO EXCEED FOUR (4) PER
CENTUM PER ANNUM, FOR THE PURPOSE OF
ERECTING NEW SCHOOL BUILDINGS, PURCHASING
LAND FOR NEW SCHOOL BUILDINGS, PAYMENT OF
ARCHITECT'S AND OTHER PROFESSIONAL FEES IN
CONNECTION THEREWITH, ALTERATION OR RE-
PAIR. OF EXISTING SCHOOL BUILDINGS AND
EQUIPPING OF SCHOOL BUILDINGS IN DORCHES-
TER COUNTY, OR FOR MATCHING FEDERAL FUNDS
FOR SUCH PURPOSES; AND TO LEVY TAXES UPON
THE ASSESSABLE PROPERTY IN DORCHESTER
COUNTY TO PROVIDE FUNDS FOR THE PAYMENT