442                               Laws of Maryland                       [Ch. 342

Sec. 3. And be it further enacted, That this Act is hereby declared
to be an emergency measure and necessary for the immediate preser-
vation of the public health and safety and having been passed by a
yea and nay vote, supported by three-fifths of all the members elected
to each of the two houses of the General Assembly of Maryland, the
same shall take effect from the date of its passage.

Approved March 25, 1957.

CHAPTER 342
(House Bill 484)

AN ACT to authorize and empower the County Commissioners of
Allegany County to borrow an amount not to exceed Six Hundred
Thousand Dollars ($600,000) ONE MILLION TWO HUNDRED
THOUSAND DOLLARS ($1,200,000), and to issue bonds, PROM-
ISSORY NOTES OR OTHER CERTIFICATES OF INDEBTED-
NESS therefor, for the purpose of constructing certain new schools,
and making pertain additions, improvements and repairs to exist-
ing schools in Allegany County as more specifically enumerated
herein.

Section 1. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of Allegany County, a body corpo-
rate, in order to provide funds for the purpose of constructing cer-
tain new schools, and making certain additions, improvements and
repairs to existing schools in Allegany County as more specifically
enumerated herein, and is hereby authorized and empowered to bor-
row, from time to time, in such amounts as it shall deem necessary,
money on the faith and credit of said County, and to issue therefor
ITS PROMISSORY NOTES OR OTHER CERTIFICATES OF IN-
DEBTEDNESS OR bonds, provided that in the aggregate said
NOTES, CERTIFICATES OF INDEBTEDNESS OR bonds shall not
exceed the sum of Six Hundred Thousand Dollars ($600,000) ONE
MILLION TWO HUNDRED THOUSAND DOLLARS ($1,200,000),
and provided that said NOTES, CERTIFICATES OF INDEBTED-
NESS OR bonds shall bear a rate of interest not exceeding four per
centum per annum; 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 "School Construction and Improvement Bonds of
Allegany County", and shall be of such denomination or denomina-
tions, callable or non-callable, and of such type, or form, and of such
period of maturity as the said County Commissioners of Allegany
County may deem advisable, and said bonds shall be signed by the
President of said County Commissioners of Allegany County and
the Treasurer of said County and have the corporate seal of said
Allegany County affixed thereto, and the principal amount of said
bonds and the interest payable thereon shall be and remain exempt
from taxation by the State of Maryland and by the counties and
municipalities of said State; provided further that if any such bonds
shall be sold the provisions of Article 31, Sections 33 and 34, of the

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.