350 LAWS OF MARYLAND [CH. 185

CHAPTER 185
(Senate Bill 329)

AN ACT to authorize and empower the County Commis-
sioners of Queen Anne's County to borrow an amount
not to exceed One Million Two Hundred Fifty Thousand
Dollars ($1, 250, 000. 00), and to issue notes and/or bonds
therefor, the proceeds thereof to be used for the purpose
of making additions or alterations to existing school
buildings, to acquire land and construct new schools, to
purchase equipment, to pay for architect fees and to
provide for the levy of taxes to pay the interest on and
to retire said notes and/or bonds; and restricting the
amount to be expended during the years 1953 and 1954.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of Queen Anne's County,
a body corporate, in order to provide funds for the pur-
pose of making additions or alterations to existing school
buildings, to purchase land and erect thereon new school
buildings, to purchase new equipment for existing and
newly constructed schools and to pay architects and other
professional fees in connection with such construction, is
hereby authorized and empowered to borrow money on the
faith and credit of said County, and to issue therefor notes
or bonds, provided that in the aggregate said notes and
bonds shall not exceed the sum of One Million Two Hun-
dred Fifty Thousand Dollars ($1, 250, 000. 00), subject to
the conditions imposed by Section 2 of this Act, and pro-
vided that said notes and/or bonds shall bear a rate of
interest not exceeding four per cent per annum; and pro-
vided further that if said money or any part thereof shall
be borrowed by note or notes, such note or notes shall be
signed by the President of the County Commissioners and
the Treasurer of Queen Anne's County and have the seal
of said County affixed thereto; and provided further that
if said money or any part thereof shall be borrowed by
the sale of bonds that said bonds shall be designated
"Public School Bonds of Queen Anne's County", said bonds
shall be serial type bonds, either registered or coupon, and
issued in such denominations and at such rate of interest,
not exceeding 4%, payable semi-annually, as shall be deter-
mined by the County Commissioners of Queen Anne's

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EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.