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Session Laws, 1937
Volume 412, Page 575   View pdf image (33K)
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HARRY W. NICE, GOVERNOR. 575

of Charles County with the seal of the County Commissioners
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 taxa-
tion in the State of Maryland.

SECTION 2. And be it further enacted, That in order to pro-
vide for the selling of said bonds the said County Commis-
sioners 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
successive 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
readiness 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 be-
tween 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 regulations as may be, in the discretion of the County
Commissioners, just and proper, and upon the day mentioned
in said advertisement or advertisements as the day for opening
said bids for the proposals thereby called for they shall
receive such sealed proposals for the purchase of as many of
such bonds as may be mentioned and designated in said adver-
tisement, and on the opening of such sealed proposals as many
of said bonds as have been so bid for shall be awarded by the
County Commissioners to the highest responsible bidder or
bidders therefor for cash, if the price, in the judgment of
said Commissioners, be adequate, and when two or more
bidders have made the same bid and said bid is the highest
and the bonds so bid by the highest responsible bidders are
in excess of the whole amount of the bonds so offered for sale,
such bonds shall be awarded to the highest responsible bidders
bidding the same price in a ratable proportion, and if any

 

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Session Laws, 1937
Volume 412, Page 575   View pdf image (33K)
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