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Session Laws, 1947
Volume 411, Page 465   View pdf image (33K)
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WM. PRESTON LANE, JK., GOVERNOR. 465

in the judgement of the County Commissioners; 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
in the judgment of the County Commissioners, said
County Commissioners may reject any or all bids for said
bonds, and they may be subsequently disposed of under
the direction of the County Commissioners of Dorchester
County at a private sale upon the best terms that can be
obtained for the same; provided they shall not be sold at
a private sale for less than par and accrued interest. All
payments of the purchase price of said bonds shall be
made to the County Treasurer.

SECTION 3. And be it further enacted, That out of
the actual cash proceeds from the sale of any of said
bonds shall be first paid the cost of printing and other out-
lays and expenses and charges connected with their issue
and the entire balance of said actual cash proceeds,
together with any interest that may be received on the
same, shall be retained by the County Treasurer of Dor-
chester County, until needed to pay for planning, obtain-
ment, construction, maintenance and permanent improve-
ment of public roads, highways, bridges, ferries and
storm water drainage in Dorchester County, and the pur-
chase of any land, ways, rights of way, roads, easements,
machinery, livestock and other materials, equipment and
labor necessary therefor. Said payments for the aforesaid
purposes, and for no other purposes, shall be made from
time to time by the County Treasurer as ordered by the
County Commissioners of Dorchester County. The County
Commissioners shall not issue any such order for the dis-
bursement of any of said funds except upon the recom-
mendation of the Roads Board of Dorchester County. Said
recommendation shall outline in detail the estimated
amount and desirability of the proposed expenditure; the
nature of the work to be done or the property to be
acquired, including the location of the project, its size,
and the general specifications, if any are necessary.

SECTION 4. And be it further enacted, That the
County Commissioners of Dorchester County, for the
purpose of redeeming said bonds at their maturity and
for the purpose of securing the prompt payment of interest
thereon, shall annually levy such tax on the assessable

 

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Session Laws, 1947
Volume 411, Page 465   View pdf image (33K)
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