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Session Laws, 1937
Volume 412, Page 1347   View pdf image (33K)
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HARRY W. NICE, GOVERNOR. 1347

SECTION 1. Be it enacted ly the General Assembly of Mary-
land, That for the purpose of raising the money necessary for
the erection, equipment and furnishing of a Hospital for
Charles County as hereinafter specified, including heating and
lighting equipment and for all other purposes incidental
thereto, the County Commissioners of Charles County are
hereby authorized and directed to issue coupon bonds to the
amount of Twenty-five Thousand Dollars ($25, 000. 00); said
bonds to be issued in denominations of One Thousand Dollars
(12, 000. 00) each, numbered consecutively, to be dated Sep-
tember 1, 1937, and to bear interest from date of issue at a
rate to be fixed by the County Commissioners of said Charles
County, or a majority of them, not exceeding four per centum
(4%) per annum, payable semi-annually, and shall mature
serially. One Thousand Dollars ($1, 000. 00) annually, begin-
ning September 1, 1938, until all of said bonds shall mature
and be paid; and said bonds shall be signed by the President
of the said County Commissioners and attested by the Treas-
urer of Charles County with the seal of the County Commis-
sioners of Charles County attached and said bonds shall have
printed thereon a distinct reference to the Act directing their
issuance and shall be exempt from State, county and municipal
taxation in the State of Maryland. Provided, however, that
none of said bonds shall be issued until Ten Thousand Dollars
($10, 000. 00) has been subscribed by private individuals and/or
corporations towards the construction of said hospital and a
list of such subscribers has been filed with the said Board
of County Commissioners.

SEC. 2. And be it further enacted, That in order to provide
for the selling of said bonds the said County Commissioners
are hereby directed to advertise said bonds for sale once a
week for three successive weeks in some newspaper printed and
published in Charles County, and once a week for three suc-
cessive weeks in some newspaper printed and published in
Baltimore City, and if the said Board of County Commis-
sioners deem it expedient, then to advertise said bonds in such
other newspaper or newspapers, or publications as they may
select; and the said County Commissioners shall be in readi-
ness at any time within fifteen days after the expiration of
said notice to receive bids at such place or places as may be
named in said advertisement or advertisements of said bonds,
under such regulations as may be made in the discretion of
said County Commissioners, and the accrued interests between
the date of the bonds or certificates of indebtedness and the
time of the sale and delivery and payment of said bonds shall
be adjusted with the purchasers thereof under such regula-
tions as may be, in the discretion of the County Commissioners,
just and proper, and upon the day mentioned in said advertise

 

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Session Laws, 1937
Volume 412, Page 1347   View pdf image (33K)
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