54                                Laws of Maryland                        [Ch. 11

debtedness, or bonds upon the faith and credit of the County in such
amount or amounts as said Commissioners shall determine, but the
total amount of such notes and bonds issued under this Act shall not
exceed

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FIVE HUNDRED FIFTY
THOUSAND DOLLARS ($550,000). The said notes, certificates
of indebtedness and/or bonds shall bear interest at such rate or rates,
not exceeding three per centum (3%) per annum, as shall be provided
by resolution of the County Commissioners, and in the event of
issuance of bonds to be evidenced by semi-annual coupons attached to
said bonds and bearing the facsimile signature of the Treasurer of
Garrett County. If bonds are issued, the provisions of Sections 33
and 34 of Article 31 of the Annotated Code of Maryland (1951 Edi-
tion), shall be complied with. Said County Commissioners are au-
thorized to borrow under the provisions of this Act by selling the
negotiable promissory notes, certificates of indebtedness and/or
bonds herein authorized, at a discount less than the principal amount
thereof, provided that such discount shall not exceed three per centum
(3%) per annum on the principal of said loan. The said loan and
every part thereof and every note, bond, coupon or other evidence
thereof, and the interest payable thereon, shall be and remain ex-
empt from State, County and municipal taxation.

Sec. 3. And be it further enacted, That the proceeds derived from
the sale of said bonds or notes shall be placed in a special fund by the
County Treasurer of Garrett County, and shall be paid out by him
only on warrants approved by the County Commissioners of said
County, and shall only be used for the purposes authorized by this
Act.

Sec. 4. And be it further enacted, That the County Commissioners
shall have the power and authority to acquire sites by purchase, gift
or condemnation on which to erect school buildings and they may
use any property now owned by the County or by the Board of Edu-
cation of said County for this purpose.

Sec. 5. And be it further enacted, That the County Commissioners
are hereby authorized to acquire sites for, erect and equip a new
elementary school at Oakland and an elementary school (containing
eight grades) to be located on Route 40 and to acquire sites for, erect
and equip other new school buildings and to erect and equip additions
to existing school buildings in Garrett County as shall be determined
to be necessary.

Sec. 6. And be it further enacted, That the County Commissioners
shall have the power to enter into such contracts as they may deem
necessary for the construction or improvement of school buildings or
in making additions to existing school buildings, and for this pur-
pose may also employ such architects and other professional per-
sonnel as may be necessary. All plans for new school buildings and
remodeling of old school buildings shall be subject to the approval of
the State Superintendent of Schools.

Sec. 7. And be it further enacted, That for the purpose of paying
interest on said notes and/or bonds and for redeeming said notes