316 Laws of Maryland [Ch. 246
printed or engraved thereon. If bonds shall be issued, they shall
be sold in accordance with the provisions of Sections 33 and 34 of
Article 31 of the Annotated Code of Maryland (1951 Edition).
Sec. 2. And be it further enacted, That out of the actual cash
proceeds from the sale of any of said bonds and/or notes shall be first
paid the cost of printing and other outlays and expenses and charges
connected with their issue 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 Frederick County,
until needed to pay for the erection and equipment of new public
school buildings in Frederick County, the purchase of any land
necessary therefor, and the erection of additions to or alteration
of existing public school buildings in said County. Said payments
for the aforesaid purposes, and for no other purposes, shall be made
from time to time by the County Treasurer to the Board of Education
of Frederick County upon the order of the County Commissioners
of Frederick County. The County Commissioners shall not issue
any such order except upon written notification from the Board of
Education of Frederick County that in its best judgment and dis-
cretion an expenditure for any of aforesaid purposes is necessary,
and setting forth the approximate amount of expenditure and the
specific use to be made of it. The said Board of Education shall
receive and expend the monies only as herein authorized and shall
account for the same and the expenditure thereof in the same man-
ner as it accounts for other monies passing through its hands.
Sec. 3. And be it further enacted. That the County Commissioners
of Frederick County, for the purpose of redeeming said bonds and/or
notes at their maturity and for the purpose of securing the prompt
payment of interest thereon, shall annually levy such tax on the
assessable property of Frederick County as shall be necessary to
pay the interest on any bonds or notes that may be issued and out-
standing hereunder as the same become due and payable, and also,
in addition thereto, the County Commissioners shall annually levy
a tax upon the assessable property of said County sufficient to pay
and retire all of said bonds or notes as they shall mature.
Sec. 4. And be it further enacted, That this Act shall take effect
June 1, 1959.
Approved March 24, 1959.
CHAPTER 246
(House Bill 317)
AN ACT to repeal and re-enact, with amendments, Section 51 (m)
of Article 25 of the Annotated Code of Maryland (1957 Edition),
title "County Commissioners", sub-title "County Treasurers", in-
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.
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