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Session Laws, 1912
Volume 370, Page 367   View pdf image
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PHILLIPS LEE GOLDSBOROUGH, GOVERNOR. 367

tiscment; and on the opening of such sealed proposals as many
of said certificates of indebtedness as have been so bid for
shall be awarded by the Governor, Comptroller of the Treas-
ury and the Treasurer, or a majority of them, and when two
or more bidders have made the same bid, and such bid is the
highest, and the certificates so bid for by the highest respon-
sible bidders are in excess of the whole amount of the certifi-
cates of indebtedness so offered for sale, then such certificates of
indebtedness may be awarded to such highest responsible bidders
bidding the same price in ratable proportion; and if any insuffi-
cient price be bid for them they may be subsequently disposed
of under the direction of the Governor, Comptroller of the
Treasury and Treasurer, or a majority of them, at private sale
upon the best terms they can obtain for the same.

SEC. 5. And be it further enacted by the General Assembly
of Maryland, That the sum of two thousand dollars ($2,000)
or so much thereof as may be necessary, is hereby appropriated
for the expense of engraving, printing and advertising, as above
mentioned.

SEC. 6. And be it further enacted by the General Assembly
of Maryland, That the County Commissioners for the respec-
tive counties of this State and the Mayor and City Council
of Baltimore are hereby required and directed to levy the State
taxes for the year nineteen hundred and thirteen (1913) at
seven-eighths of one cent on each one hundred dollars ($100)
of its assessable property, and annually thereafter, during the
continuance of this loan, to be collected according to law, to
meet the interest and create a sinking fund for the redemption
of the "Second Insane Hospital Loan," created under the pro-
visions of this act.

SEC. Y. And be it further enacted by the General Assembly
of Maryland, That the actual cash proceeds of the sales of certi-
ficates of indebtedness to be issued under this act shall be paid
to the Treasurer of this State upon the warrant of the Comp-
troller, and such proceeds shall be used exclusively for the pur-
poses of this act and the Treasurer of the State, on the war-
rant of the Comptroller, shall pay the said sum or sums of
money herein appropriated for the objects and purposes herein
specified, to or upon the order of the person or persons, or body
politic or corporate, to which they are respectively entitled, to
wit: Springfield State Hospital, at Sykesville, one hundred
and seventy-five thousand dollars ($175,000); Maryland Hos-
pital for the Insane, at Catonsville, to be hereafter styled
"Spring Grove State Hospital," one hundred thousand dollars
($100,000); the Hospital for the Negro Insane of Maryland,

 

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Session Laws, 1912
Volume 370, Page 367   View pdf image
 Jump to  
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