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The Maryland Code Public General Laws, 1904
Volume 393, Page 1773   View pdf image (33K)
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ART. 78 A] SALE OF STATE'S INTEREST IN PUBLIC WORKS. 1773

of the senate and the committee of ways and means of the
house of delegates shall examine said books of the treasurer
during the first thirty days of the session, and shall burn and
destroy all the State bonds and certificates of debt which have
been paid, redeemed and charged off as aforesaid, and make
report and certificate thereof to the general ae sembly, which
report shall be printed in the journal of the proceedings of
the senate or house of delegates.

1892, ch. 310, sec. 3.

9. If after advertising as provided in section 7 for sealed
proposals, no such sealed proposals shall be submitted, or
if as authorized in said section, they shall reject all of said
proposals, they shall be authorized to sell and transfer the
State's interest in any or all works of internal improvement
and any or all banking corporations at private sale upon the
best terms and highest prices which they can obtain therefor.
And in making said public or private sale or sales, they shall
be authorized to employ such agents to assist them in making
said sales to the best advantage as they shall deem necessary
to secure the most advantageous sale or sales of the State's
said interest, and to pay said agent or agents so employed
such compensation for their services as shall be mutually
agreed on, such compensation to be paid only out of the pro-
ceeds of sales and not otherwise.

Ibid. sec. 4.

10. The sum of five hundred dollars is appropriated out of
any money in the treasury not otherwise appropriated for the
purpose of defraying the costs and expenses which shall be
incurred by the board of public works in carrying this sub-title
into effect.

1898, ch. 378, sec. 1.

11. The board of public works is authorized, in the dis-
cretion of said board, to sell for cash and to transfer to the
purchaser or purchasers thereof, the annuity of ninety thou-
sand dollars created by virtue or in pursuance of the pro-
visions of chapter 260 of the acts of the general assembly
of Maryland, passed at the January session of 1854, and
which said annuity is payable by the Northern Central Railway
Company to the State of Maryland; provided, said board of
public works shall not sell and transfer the same for any smaller
or less sum of money than a sum equal to the capitalization of


 

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The Maryland Code Public General Laws, 1904
Volume 393, Page 1773   View pdf image (33K)
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