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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 2171   View pdf image (33K)
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ART. 95] SALE OF SECURITIES. 2171

securities for the sinking fund as the board of public works may direct
and approve. Both in selling the securities directed to be disposed of,
and in purchasing the securities directed to be substituted therefor in
the sinking fund, the treasurer shall proceed in the manner and subject
to the regulations and directions which the board of public works may
from time to time prescribe. If any of the securities so sold by the
treasurer shall have words "purchased for the sinking fund" written
or stamped upon them, the treasurer, before delivering the same to the
purchaser thereof, shall cause the words "sold by order of the board
of public works, dated this ———— day of ————," to be written or
stamped on said securities. And the said securities when so delivered
to the purchaser, shall be negotiable to the same extent as if there had
never been written or stamped upon them the words "purchased for the
sinking fund."

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 2171   View pdf image (33K)
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