278                              Laws of Maryland                       [Ch. 218

Society, Inc., [and] the Historical Society of Talbot County, Mary-
land, Inc. , and the Historical Society of Kent County, Maryland, Inc.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1959.

Approved March 24, 1959.

CHAPTER 218
(Senate Bill 361)

AN ACT authorizing and empowering the County Commissioners of
Harford County to borrow upon the faith and credit of Harford
County a sum of money not to exceed Two Million Five Hundred
Thousand Dollars ($2,500,000) at a rate of interest not to exceed
five per cent., and to issue notes and/or bonds therefor, for the
purpose of erecting and equipping school buildings and building
additions to existing school buildings, and equipping same; and
providing for the levying of taxes by said County Commissioners
to repay the loan and interest thereon, and providing that said
loan and every part thereof and the interest payable thereon,
shall remain exempt from State, County and municipal taxation.

Section 1. Be it enacted by the General Assembly of Maryland,
That the County Commissioners of Harford County be and they are
hereby authorized and empowered to borrow at such time or times
as they may decide, upon the faith and credit of Harford County, a
sum or sums of money not to exceed Two Million Five Hundred Thou-
sand Dollars ($2,500,000), at a rate of interest not to exceed five
per cent. (5%) per annum, for the purpose of erecting new school
buildings, purchase of land for said buildings, architect and other
professional fees in connection with said buildings, alterations of
existing school buildings, and equipping said school buildings in
Harford County.

Sec. 2. And be it further enacted, That the said County Com-
missioners are hereby authorized to borrow, under the provisions
of this Act, from such bank, banker or trust company, or from any
other source, as they shall from time to time select. The said County
Commissioners are authorized to execute and deliver negotiable
promissory notes, certificates of indebtedness, or bonds of the Coun-
ty Commissioners of Harford County, to be signed by the President
of said County Commissioners and the Treasurer or Deputy Treas-
urer of Harford County, with the seal of the said County affixed
thereto, in such denomination or denominations, payable at such
place and at such date or dates as the said County Commissioners
shall by resolution provide and/or to issue and sell said notes, certifi-
cates of indebtedness., or bonds upon the faith and credit of the
County in such amount or amounts as said Commissioners shall de-
termine, but the total amount of such notes and bonds issued under
this Act shall not exceed Two Million Five Hundred Thousand Dollars

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.