HARRY W. NICE, GOVERNOR. 731
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 Calvert 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 expira-
tion 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 pay-
ment 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 desig-
nated in said advertisement, 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 ade-
quate, and when two or more bidders have made the same
bid and said bid is the highest and the bonds so bid for 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 of such certificates
to be offered for sale are not bid for or if an insufficient
price be bid for them, in the discretion of said Commis-
sioners, they may be subsequently disposed of by the said
County Commissioners for Calvert County at private sale,
upon the best terms that can be obtained for the same.
SEC. 3. And fee it further enacted, That the Board of Edu-
cation of Calvert County shall erect said school buildings
in said County at such place or places as they shall deter-
mine; the said plans for said buildings to be approved by
the State Superintendent of Schools, as provided in Section
30 of Article 77 of the Annotated Code of Maryland (1924
Edition).
|
|