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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 823   View pdf image (33K)
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ART. 31] INSANE HOSPITAL LOAN. 823

have interest coupons attached thereto, as the governor, treasurer and
comptroller of the treasury, or a majority of them, shall determine,.

1910, ch. 250, sec. 4 (p. 236).

17. In order to provide for the selling of the certificates of indebted-
ness aforesaid, to be issued under the provisions of sections 14 to 19,
the governor, comptroller of the treasury and treasurer of the State,
or a majority of them, are hereby directed to advertise twice a week
for four successive weeks, between the first day of December, 1910,
and the first day of January, 1911, and a like notice between the first
day of June and the first day of July, 1911, in two newspapers
published in the city of Baltimore, and once a week for four successive
weeks in one newspaper published in each county of the State, and
once a week for four successive weeks in one weekly newspaper
published in Baltimore city, that the treasurer of this State will be
in readiness between the first and fifteenth days of January, 1911,
and between the first and fifteenth days of July, 1911, to receive bids
at such place or places as may be named in said respective advertise-
ments for bonds or certificates of indebtedness issued under the provi-
sions of said sections, under such regulations as may be made in the
discretion of the governor, comptroller of the treasury, and the treasurer,
or a majority of them; and the accrued interest, between the date of the
bonds or certificates and the time of sale and delivery of and the pay-
ment for said bonds and certificates, shall be adjusted with the purchaser
or purchasers thereof under such regulations as may be made in the
discretion of the governor, comptroller of the treasury and treasurer,
or a majority of them; and upon the day mentioned in said advertise-
ment, as the day for the opening the bids for the proposals thereby
called for, they shall receive such sealed proposals for the purchase of
as many such certificates of indebtedness as may be designated in said.
advertisement; 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 treasury 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 certificate so bid for by
the highest responsible bidders are in excess of the whole amount of
the certificates of indebtedness shall be awarded to such highest respon-
sible bidders bidding the same price in ratable proportion; and if any
insufficient price be bid for them, they 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.

1910, ch. 250, sec. 6 (p. 237).

18. The county commissioners for the respective 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

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 823   View pdf image (33K)
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