SEC. 2. And be it enacted, That the residue of the
proceeds of sale of said property, or so much thereof
as may be necessary, shall be applied by said County
Commissioners, as to the cash in hand, immediately
upon the passage of this bill, and as to the credit
portion of said proceeds, immediately upon the pay-
ment thereof, to the liquidation in the order of their
numbers of such bonds of said county as shall be due
and payable, and in default of such overdue bonds
to the payment of such other bonds of said county,
not yet matured, as the holders thereof may be will-
ing to receive payment of; and all such bonds,
whether paid before or after maturity, shall be can-
celled by said County Commissioners immediately
upon their surrender, in the presence of the Judges
of the Orphans' Court of said county, of which said
bonds and their cancellation full record as to dates,
numbers and amounts, shall be made and preserved
by said commissioners.
SEC. 3. And he it enacted. That the said County
Commissioners of Baltimore county are hereby
authorized and required, whenever they have funds
for tills purpose, to give notice by advertisement
published in such newspaper or newspapers as they
shall select, at least once a week for four successive
weeks, and such other notice as they shall think
proper, of the number, (beginning at number one,)
denomination and amount of matured Lends to be
redeemed, so that the holders thereof may be able to
identity them, and also that the interest will cease on
said matured bonds advertised for redemption after
the expiration of sixty days after the first publication
of said notice, the date of which first publication
shall be made to appear in the body of said notice;
and in case the matured bonds of said county are
insufficient to absorb the money in hand, or in case
there be no matured bonds of said county, then the
said County Commissioners shall be and are hereby
required to give sixty days' notice by advertisement,
in like manner, of the amount of money in their
hands for tins purpose, and that they will redeem to
that extent any outstanding obligations of said coun-
ty, and if no application in sufficient amount he made,
according to the exigency of said notice, sufficient in
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Residue of
proceeds
To give
notice.
Redemption
of bonds.
Redeem out-
standing
obligations.
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