374 LAWS OF MARYLAND [CH. 257
Should any of the persons designated to sign said bonds be unable for
any reason to do so, the Board of County Commissioners shall by
resolution authorize the execution thereof by some other member or
officer of said Board, and such execution shall be valid and sufficient
for all purposes as if the bonds had been executed by the person or
persons originally designated therein. Should any person signing said
bonds die or become incapacitated, or should he cease to be an officer
or a member of the Board, before the delivery of the bonds, such
signature shall nevertheless be valid and sufficient for all purposes
and shall be equally effective to bind the Board of County Commis-
sioners of Worcester. County as if delivery had been made before such
death, incapacity, or expiration or other termination of the term of
office. All bonds issued under this Act and the interest thereon shall
be forever exempt from State, County and Municipal taxation in the
State of Maryland.
SEC. 4. And be it further enacted, That for the purpose of paying
the principal and interest on said bonds as they respectively mature
and become payable the Board of County Commissioners of Wor-
cester County shall levy annually on all the assessable property in
Worcester County a tax sufficient in rate and amount to pay the bonds
maturing during such year in accordance with the provisions thereof
and to pay interest on all of the bonds authorized by this Act, which
may be outstanding in such year, and the proceeds of such levy when
collected shall be used only for the purpose and for no other purpose
than that for which such levy was made. Said taxes shall be in addi-
tion to all other taxes authorized by law and shall not be subject to
any limitations now existing or hereafter imposed upon the taxing
power of the Board of County Commissioners of Worcester County,
nor shall it be subject to any limitation upon the bonded indebtedness
of said County, and any law conflicting with the provisions of this
Act is hereby repealed, for the purpose of this Act, to the extent of
such inconsistency.
SEC. 5. And be it further enacted, That the proceeds from the sale
of said bonds, except as in this Act otherwise provided, shall be used
exclusively for the specific purposes for which said bonds have been
issued, and for no other purpose whatsoever, except that all expenses
incurred in the sale and delivery of the bonds shall be payable from
said funds; provided, however, that in case it shall not be necessary
to use the full amount authorized for the specific project or projects
for which the money has been appropriated then the Board of Educa-
tion of Worcester County may by resolution request the Board of
County Commissioners to approve the use of such excess funds for
the erection of new buildings, the addition or alterations of existing
buildings, or the repair thereof, the purchase of sites, and the equip-
ment of such school buildings, at other places in said County, where
in the discretion of said Board the same may be needed, and upon
approval of such request by the Board of County Commissioners said
funds may be so applied to such new or additional projects.
SEC. 6. And be it further enacted, That the proceeds from the sale
of said bonds shall be paid to the County Treasurer and shall be set
apart by him in an account or accounts, to the credit of "Public School
Bonds of Worcester County of ....................................", and shall be
disbursed by him only for the purposes herein authorized, and upon
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