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Session Laws, 1963
Volume 671, Page 609   View pdf image (33K)
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J. MILLARD TAWES, Governor                      611

and at such rate of interest, not exceeding 4% payable semi-annual-
ly, as shall be determined by the County Commissioners of Queen
Anne's County, and shall mature in not exceeding twenty-five years
from the date of issue, and shall forever be exempt from State,
County and Municipal taxation. Said bonds shall be signed by the
President of the Commissioners, with the Corporate Seal of Queen
Anne's County attached thereto, attested by the Treasurer of said
County, and if coupon bonds, the coupons thereon shall be signed by
the Treasurer of said County, and if coupon bonds, the coupons
thereon shall be signed by the Treasurer of Queen Anne's County,
or a facsimile of his signature shall be stamped, printed or en-
graved thereon. If bonds shall be issued, they shall be sold in accord-
ance with the provisions of Section 10 of Article 31 of the Annotated
Code of Maryland (1957 Edition).

Sec. 2. And be it further enacted, That the entire proceeds aris-
ing from the sale of any bonds issued under the provisions of this
Act, after the payment of costs of engraving and all other incidental
costs and expenses connected with the issuance of the bonds shall be
paid over by the County Commissioners to the County Treasurer
and retained by him, subject to the order of the Queen Anne's County
Board of Education. The Queen Anne's County Board of Education
is authorized and empowered, with the approval of the County Com-
missioners, to expend the aforesaid funds, either alone or in con-
nection with any State or Federal funds as may be made available,
to provide for the acquisition of a site for and the erection of and
equipment for a consolidated public high school building or buildings
on said site , OR THE CONSTRUCTION OF ADDITIONS TO
EXISTING PUBLIC SCHOOL BUILDINGS, OR A COMBINA-
TION OF THESE PROCEDURES, in Queen Anne's County and to
pay the architect fees and other necessary fees and expenses con-
nected therewith. The plans and specifications for said school build-
ing or buildings shall be subject to the approval of the State Super-
intendent of Schools as provided in Section 40 of Article 77 of the
Annotated Code of Maryland (1957 Edition) and any amendments
thereto.

Sec. 3. And be it further enacted, That the County Commis-
sioners of Queen Anne's County shall annually levy such tax upon
the assessable property of said County as may be necessary to pay
the annual interest on said notes 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. 4. And be it further enacted, That this Act shall take effect
June 1, 1963.

Approved April 17, 1963.

CHAPTER 375
(Senate Bill 553)

AN ACT to repeal and re-enact, with amendments, Section 51 (b) of
Article 25 of the Annotated Code of Maryland (1957 Edition),

 

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Session Laws, 1963
Volume 671, Page 609   View pdf image (33K)
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