74                                Laws of Maryland                        [Ch. 65

any of such amounts, which estimates are to be submitted to the
State Department of Public Improvements for verification prior to
submission for bid. Such bonds shall be designated "Public School
Bonds of Caroline County of 1957-1960" and shall be of such
denomination or denominations and of such type or form, of such
periods of maturity, not exceeding twenty-five (25) years, and their
average net interest rate not in excess of four per centum (4%) per
annum for the entire issue, all as the County Commissioners of Caro-
line County may deem advisable, and the proceeds of such sale or sales
shall be spent in accordance with the provisions hereof.

6. That out of the actual cash proceeds from the sale of any of
said bonds shall be paid first the cost of printing and other outlays
and expenses and charges connected with the issue of the same,
and the entire balance of said actual cash proceeds, together with
any interest that may be received on the same, shall be retained
by the County Treasurer of Caroline County until needed for the
purpose of building new school-houses, the construction of additions
to existing school-houses, or altering or repairing the same, and for
equipping such new or existing school-houses, the construction of
access roads to said schools, or for architect's and other professional
fees in connection with said buildings, alterations, repairs and equip-
ment, as in this Act hereinbefore specified.

Sec. 2. And be it further enacted, That this Act shall be prospec-
tive in operation and none of the provisions hereof shall, in any
manner, change the terms of or affect the validity of any bonds issued
under this Act prior to the effective date hereof.

Sec. 3. And be it further enacted, That this Act is hereby declared
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 all the members
elected to each of the two Houses of the General Assembly of Mary-
land, the same shall take effect from the date of its passage.

Approved February 16, 1959.

CHAPTER 65

(House Bill 20)

AN ACT to repeal and re-enact, with amendments, Section 8 (c) of
Article 95A of the Annotated Code of Maryland (1957 Edition
AND 1958 SUPPLEMENT), title "Unemployment Insurance
Law", sub-title "Experience Rating", relating to the contribution
rates payable by employers under the unemployment insurance
law under certain conditions and to add a new section, to be known
as Section 8 (c-a), to said Article, under the sub-title "Additional

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.