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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 1775   View pdf image (33K)
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ART. 78A] SALE OF STATE'S INTEREST. 1775

departments hereinbefore mentioned or referred to, over and above the
quantity specially designated in said contract, shall be furnished by the
contractor at the same rate charged for articles which are specifically
mentioned in said contract, and if any supplies which are required are
not mentioned in said contract, such supplies shall be furnished at the
lowest market rates.

1904, art. 78 A, sec. 6. 1904, ch. 397, sec. 6.

6. The money payable to said contractor under said contract shall be
paid to him, and the comptroller is hereby authorized and directed to
draw his warrant upon the treasurer for such payment at such times as
the board of public works shall certify to the comptroller the delivery of
the materials called for by contract to any or all of the aforesaid depart-
ments; said certificate to have attached to it the bill or vouchers of the
goods delivered, which vouchers shall be approved by the heads of the
respective departments hereinbefore referred to, and by the librarian,
as to the supplies for the general assembly and the court of appeals,
which approval shall certify that the goods and the prices charged for
the goods are in pursuance of the contract, and that the goods have been
duly delivered.

Sale of State's Interest in Works of Internal Improvements
or in Corporations.

Ibid. sec. 7. 1892, ch. 310, sec. 1. 1906, ch. 185.

7. Whenever the board of public works in the exercise of the authority
vested in them by the constitution shall determine to sell the State's
interest in any or all works of internal improvements, whether as a
stockholder or as a creditor, or its interest in any banking corporation,
they shall before making such sale or sales advertise for sealed proposals
for the space of sixty days in such newspapers as they shall think fit, for
the purchase of said interest of the State in said work or works of inter-
nal improvement, or in said banking corporation or corporations, and
at the time and place named in said advertisement or advertisements,
they shall open said sealed proposals publicly in the presence of such
persons as shall choose to attend, and if the price or prices offered by the
highest bidder or bidders shall in their judgment be sufficient, they shall
sell the said interest so offered for sale to the highest bidder or bidders,
and by such apt and sufficient conveyance or conveyances or other
instruments as the attorney-general shall approve, they shall transfer to
the purchaser or purchasers the interest so sold to him or them, but if
the highest price or prices shall in their judgment be insufficient they
shall have the power, and it shall be their duty, to reject said bid or
bids; the provisions of this section being subject, however, to the pro-
viso contained in the following section in relation to the sale of the
fifty-five hundred shares of the capital stock held by the State in the
Washington branch of the Baltimore and Ohio Railroad Company.

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 1775   View pdf image (33K)
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