J. MILLARD TAWES, GOVERNOR                               279

($2,500,000). The said notes, certificates of indebtedness and/or bonds
shall bear interest at such rate or rates, not exceeding 5% per
annum, as shall be provided by resolution of the County Commis-
sioners, and in the event of issuance of bonds to be evidenced by
semi-annual coupons attached to said bonds and bearing the fac-
simile signature of the Treasurer of Harford County. If bonds are
issued, the provisions of Sections 9, 10 and 11 of Article 31 of the
Annotated Code of Maryland (1957 Edition), shall be complied with.
Said County Commissioners are authorized 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 5 % 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 exempt from State, County and municipal taxation.

Sec. 3. And be it further enacted, That the proceeds derived
from said loan shall be placed in a special fund by the County
Treasurer, and shall be paid out by him only on warrants from the
County Commissioners, which warrants shall be issued only upon
proper vouchers presented by the Board of Education of Harford
County for the erection and equipment of new school buildings and
for additions to and equipment of existing school buildings in said
County.

Sec. 4. And be it further enacted, That for the purpose of paying
the interest on said notes and/or bonds and for redeeming said
notes and/or bonds as they mature, the County Commissioners of
Harford County shall annually levy a tax upon the assessable prop-
erty of said County sufficient to pay the annual interest on said
notes and/or bonds and to redeem said notes and/or bonds as they
become due until all of said notes and/or bonds shall mature and be
redeemed. The taxes so levied shall be collected in the same manner
as other taxes are levied and collected in said County.

Sec. 5. And be it further enacted, That this Act is hereby de-
clared to be an emergency measure and necessary for the immediate
preservation of the public health and safety, and having been passed
by a yea and nay vote supported by three-fifths of the members
elected to each of the two houses of the General Assembly, the same
shall take effect from the date of its passage.

Approved March 24, 1959.

CHAPTER 219
(Senate Bill 362)

AN ACT to add new Section 494A to the Code of Public Local Laws
of Harford County (1957 Edition, being Article 13 of the Code of

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.