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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 628   View pdf image (33K)
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628 ARTICLE 3.

chargeable with the same until paid, and if remaining unpaid for sixty
days after becoming due, they may be collected by an action of debt or
by a bill in equity to enforce such lien. All suits, either in law or in
equity, shall be in the name, and at the instance, of the Treasurer of Bal-
timore County. The amount collected by the Treasurer of Baltimore
County, whether by suit (either at law or in equity) or otherwise, for
the construction, maintenance and operation of the said water and sewer-
age system, after deducting therefrom all overhead expenses, of the Com-
missioner and all proper and necessary costs of maintaining and operat-
ing the systems, and all such sums so received by the Commissioners to
the credit of the water and sewerage fund shall be applied by said Com-
missioners to the payment of the interest on and to the retirement of such
outstanding bonds as may be issued under this Act.

1924, ch. 539, sec. 10. B. Co. C. (1928), sec. 386.

336. For the purpose of providing funds for meeting the expenses of
the Commissioners and for designing and construction, purchase or acqui-
sition of the water supply, sewerage and drainage systems provided for
by this Act, the Commissioners shall, from time to time, as they deem
accessary, issue bonds upon the faith and credit of Baltimore County
and shall offer said bonds for sale in the open market to the highest cash
bidder by sealed proposals. Before proceeding to sell any of said bonds
in any year said County Commissioners shall advertise once a week for
four successive weeks in one newspaper published in the City of Balti-
more, and once a week for four successive weeks in one newspaper pub-
lished in Baltimore County, and by such other advertisement as they shall
think proper, that they will be in readiness at a time and place to be named
in said advertisement within fifteen days after its expiration to receive
sealed bids for the bonds described in said advertisement, under such
regulations as the County Commissioners by their order may pass. And
all accrued interest between the date of said bonds and the time of sale
and delivery of and payment for said bonds shall be adjusted with the
purchasers thereof. Upon the day mentioned in said advertisement for
opening the bids for the proposals thereby called for, the County Com-
missioners shall receive such sealed proposals for the purchase of such
bonds as may be designated in the advertisement. And on the opening
in public of such sealed proposals as many of said bonds as may have
been so bid for shall be awarded by the County Commissioners of Bal-
timore County to the highest responsible bidder or bidders therefor for
cash, if the prices bid are adequate in the judgment of the County Com-
missioners; and when two or more bidders have made the same bid and
such bid is the highest and for the whole amount of the bonds so offered
for sale, or taken together in excess of said whole amount, such bonds
shall be awarded to such highest responsible bidders bidding the same
price in a ratable proportion; and if any of said bonds so offered for sale
are not bid for, or if any insufficient price be bid for them, they may be
subsequently disposed of under the direction of the County Commission-

 

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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 628   View pdf image (33K)
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