434

LAWS OF MARYLAND.

probation officers, said officers so appointed to hold their

places and receive their pay under the provisions of law now

in force and applicable to probation officers.

SEC. 2. And be it enacted, That this act shall take effect

Effect from
September,

from and after the thirty-first day of September, eighteen

1892

hundred and ninety-two.

Approved April 4th, 1892.

CHAPTER 310.

AN ACT prescribing the regulations and conditions upon

which the Board of Public Works shall sell the State's

interest in all works of internal improvement, whether as

a stockholder or a creditor, and also the State's interest

in any banking corporation, as authorized by section

three of article twelve of the constitution as proposed to

be amended by the act of eighteen hundred and ninety,

chapter three hundred and sixty -two, and adopted by the

people at the general election on November third, eighteen

hundred and ninety one, and to appropriate a sum of

money for carrying this act into effect.

SECTION 1. Be it enacted by the General Assembly of

Maryland, That whenever the Board of Public Works in

Proceed-
ings by

the exercise of the authority vested in them by the consti-

Board of
Public

tution shall determine to sell the State's interest in any or

Works in

all works of internal improvements, whether as a stockholder

sale of
State's

or as a creditor, or its interest in any banking corporation,

interest to
corpora-

they shall before making such sale or sales advertise for

tions

sealed proposals for the space of sixty days in such news-

papers as they shall think fit, for the purchase of said

interest of the State in said work or works of internal

improvement or in said banking corporation or corporations,

and at the time and place named in said advertisement or

advertisements, they shall open the said sealed proposals

publicly in the presence of such persons as shall choose to

attend, and if the price of 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, aud by such apt and sufficient convey-

ance or conveyances or other instruments as the Attorney

General shall approve they shall transfer to the purchased

or purchasers the interest so sold to him, or them, but if the