J. MILLARD TAWES, GOVERNOR 45

to issue therefor notes or bonds, provided that in the aggregate said
notes and bonds shall not exceed the sum of

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SEVEN HUNDRED AND FIFTY THOU-
SAND DOLLARS ($750, 000. 00) and provided that said notes and/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 a note or notes, such note or notes shall be signed
by the President of the County Commissioners and the Treasurer
of Washington County and have the seal of said county affixed there-
to; 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
"Junior or Community College Construction Bonds of Washington
County", and shall be of such denomination or denominations, call-
able or non-callable, and of such type, or form, and of such period
of maturity as the said County Commissioners of Washington County
may deem advisable, and said bonds shall be signed by the President
of said County Commissioners of Washington County and the Treas-
urer of said County and have the corporate seal of said Washington
County affixed thereto, and the principal amount of said bonds and
the interest payable thereon shall be and remain exempt from taxa-
tion 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 10 and 11, of the Annotated
Code of Maryland (1957 Edition, as amended from time to time)
shall be complied with.

SEC. 2. And be it further enacted, That the proceeds of such notes
and/or the proceeds from the sale of such bonds 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 of Washington
County for such expenditures as it shall deem to be proper, in the
sole discretion of said Board, for constructing and acquiring public
junior or community college buildings, and facilities in Washington
County, to purchase land therefor and equip such schools, and to
pay architectural and other professional fees in connection with such
construction.

SEC. 3. 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 Wash-
ington County shall annually levy such tax upon the assessable prop-
erty of said county as may be necessary 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 have
matured and been redeemed. The taxes so levied shall be collected
in the same manner as other taxes are levied and collected in said
County.

SEC. 4. 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 June 12, 1961.