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.
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signed by the clerk of said board, said bonds to bear
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six per ct., payable semi-annually on the first day of
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April and on the first day of October, in each and
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every year, during which the said bonds may run and
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remain unpaid, and the coupons for interest on said
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bonds shall be receivable by the collectors of taxes
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Proviso.
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for said county in payment for county taxes; pro-
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vided that said bonds shall be sold at public sale to
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the highest responsible bidder for cash, four weeks
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prior notice of time and place of sale having been
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given by advertisement in two newspapers in said
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county, and also provided that said bonds shall be
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free of county taxation.
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SEC. 2. And be it enacted, That said bonds shall be
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Issued to ma-
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issued to mature at such dates as shall not require
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ture.
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the payment in any one year of more than four thou-
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sand dollars of the principal sum thereof, and shall
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be redeemable at the pleasure of the said county
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commissioners, at or before their maturity, but none
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of said bonds shall be issued to mature before the
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first day of April, eighteen hundred and seventy-
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eight.
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SEC. 3. And be it enacted, That to redeem said
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bonds, the County Commissioners of Harford county
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Redemption.
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shall annually levy upon the assessable property of
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said county, a tax sufficient to pay the interest
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thereon, and the principal of such portion as may
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mature in each and every year after the date of their
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issue, and said levy shall be designated as " School
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Proviso.
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Fund;" provided, that interest on said bonds shall
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cease after maturity.
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SEC. 4. And be it enacted, That the proceeds arising
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Proceed s — to
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from the aforementioned bonds, shall be paid over
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whom paid.
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by the county commissioners to the Treasurer of the
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Board of County School Commissioners of said
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county, who shall immediately apply said proceeds
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to the payment of the aforesaid indebtedness now
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due by said school commissioners, and to no other
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purpose.
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SEC. 5. And be it enacted, That hereafter the Board
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Not expend.
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of County School Commissioners of said county
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shall not expend for school purposes, or for any
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other purpose, a greater sum of money in any one
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